BKREA has been retained on an exclusive basis to arrange the sale of 500 8th Avenue and 516 8th Avenue (“The Property”), a remarkable 13-story office building, and adjoining 3-story commercial building. The property has a combined lot area of roughly 22,348 SF and occupies the entire easterly blockfront of 8th Avenue between West 35th and West 36th Street. It is just two blocks north of Penn Station, Madison Square Garden, and the newly renovated Penn District.

Constructed in 1922, 500 8th Avenue has a total of 278,910 RSF and features 172.5 feet of frontage along 8th Avenue, 94 feet on West 35th Street, and 24 feet on West 36th Street. 516 8th Avenue was built in 1931 and has a total RSF of 9,000 RSF. The Property is currently in an M1-6 zoning district (in the Special Garment Center District), but is located in the proposed Midtown South Mixed Use (MSMX) rezoning area. If approved, the Property would be rezoned to M1-9A/R10, allowing up to 12 FAR for residential use (inclusive of MIH) and 15 FAR for commercial.