Newmark has been retained on an exclusive basis to arrange for the sale of 28 West 26th Street. The ~14,200 square foot elevator property is located on the south side of West 26th Street between 5th and 6th Avenues in the Madison Square neighborhood of Manhattan.

28 West 26th Street is a 7-story, boutique elevator building that boasts 25 feet of frontage along West 26th Street, just steps away from Madison Square Park. The building is made up of 26 units, 24 of which are (1) one-bedroom units and 2 are (2) two-bedroom units. The building is 73% free market and 27% rent stabilized, however, 2 of the rent stabilized units were recently renovated and are renting at market rate. The building also offers tenants a well-maintained roof deck.

The market rate nature of the building allows future ownership the ability to keep up with the increasing rental demand generated by the highly desirable Madison Square neighborhood. The asset also offers 10,000 SF of available air rights and is located directly adjacent to a parking lot which gives the site future development potential.

28 West 26th Street is located in an unmatched NoMad location and sits just a half block away from iconic Manhattan landmarks such as Madison Square Park and the Flatiron Building. The location offers easy access to multiple methods of transportation including the 1, 6, R and W subways as well as the Path Train and several bus lines.