SP Capital Group is pleased to present a remarkable investment opportunity at 202 W 40th St, a 15-story commercial building situated in the bustling Garment District of Manhattan. This property offers a substantial 38,030 square feet of space, comprising 28 diverse units, including 27 commercial units and a billboard, providing multiple income streams. Key Highlights: Strategic Location: Located just steps away from Times Square, this property benefits from high foot traffic and exceptional visibility, making it ideal for a variety of commercial uses. The area is surrounded by major retailers, restaurants, and cultural attractions, ensuring a vibrant atmosphere for tenants and visitors alike. Strong Occupancy and Income: The building maintains a robust occupancy rate, with a total annual income of approximately $1,644,970 and a net operating income (NOI) of around $1,147,379. Many tenants are on leases with built-in escalations, providing a reliable income stream. Zoning Flexibility: Zoned M1-6/GC with a Floor Area Ratio (FAR) of 10.00 (13.80 built), this property offers substantial development potential, allowing for creative uses or future expansion. Recent Renovations: Significant improvements have been made to the property, including a recent investment of $700,000 for local law compliance, enhancing its value and appeal. Investment Potential: With current market conditions, the property represents a unique opportunity to acquire a well-located asset in one of Manhattan's most desirable neighborhoods. There is considerable upside potential in increasing rents as leases expire, particularly given the strong demand for space in this area. This property presents a rare chance for investors to acquire a prime commercial building in a high-demand location. For further information or to schedule a viewing, please contact us today.