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238 East 26th Street, New York, NY 10010

238 E 26Th Street, NEW YORK, New York, 10010, NEW YORK, NY 10010

  • For Sale Contact for pricing
  • City NEW YORK
  • Neighborhood Kips Bay
  • Zip Code 10010
  • Market Manhattan
  • Property Type Unassigned
  • Lot Size 0.05 Acre
  • Building Class O5
  • Year Built 1930
  • Date Updated 14 Apr, 2021
238 East 26th Street is a 20’ wide, 3-story plus lower level office and residential building located on the south side of East 26th Street between Second and Third Avenues. Situated as a commercial townhouse with a partially finished full-height basement, the building serves as an office for the current owner. The building is an artist’s dream having previously served as a film, art and media studio for over 30 years. The property features a 30’ expansive southern facing outdoor
terrace. The lofted third floor has a pitched ceiling of nearly 30’ pouring in natural light. There is a separate entrance to the street level commercial unit if the next owner wanted to rent this space out plus there is an active permit to add a staircase leading from the sidewalk down to the cellar as an
option. Furthermore, with approximately 3,893 SF of unused air rights the property can be expanded to nearly 8,000 SF above grade. Ownership has plans to maximize the footprint and redevelop the site to a 6-story building with floor-through four-bedroom apartments and an elevator as another potential
exit strategy. The building will be delivered vacant making this an ideal live-invest, company headquarters, artist’s studio or single-family conversion opportunity.
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Contacts

Michael Kavanagh

Cushman & Wakefield

(212) 660-7765

John Ciraulo

Cushman & Wakefield

(212) 660-7700

Craig Waggner

Cushman & Wakefield

(212) 660-7744

Faq

When was this property built?

238 East 26th Street, New York, NY 10010 was built in 1930.

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