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United States Bankruptcy Court SDNY
In Re: 28 W. 36th Street Sole Member LLC, & 32 W. 29th Street Sole Member LLC, – In Re: 24-72229-REG

(i) 28 W. 36th Street Sole Member LLC and (ii) 32 W. 39th Street Sole Member LLC (collectively, “Seller”), as debtor and debtor-in-possession in the chapter 11 cases pending in the United States Bankruptcy Court for the Southern District of New York (the “Bankruptcy  Court”), Case No. 24-72229-REG (the “Chapter 11 Case”), and LSC West 36 & 39 ST LLC, a Delaware limited liability company (“Lender).

Midtown Manhattan Office Condo – Bulk Sale

50,000+ Sq Ft Rentable – 8 Units

32 West 39th Street, Midtown, Manhattan, NYC, 10018

  • Known as Block: 840  Lots: 1205, 1206,1207, 1208, 1210, 1211, 1213 & 1215
  • The offering includes multiple office condominium units comprising a full or partial floor configuration. Units feature flexible layouts suitable for professional, creative, or medical office users. Individual unit square footages and tenant information available in the Offering Memorandum
  • (8) Office unit Offering – 100% Vacant
  • Units Vary Between 4,527 RSF and 8,371 RSF
  • Offering Totaling 50,490 RSF
  • Subject Building Situated on a 7,406 Sq Ft Lot (75′ x 98.75′)
  • Following MSMX rezoning, the submarket should emulate Manhattan’s other 24-hour, live, work and play neighborhoods
  • Ideally Located in the heart of Midtown South, one of NYC’s most concentrated office districts with exceptional Proximity to transportation and tourist attractions like Times Square and the Fifth Avenue shopping Corridor,  Convenient access to Grand Central Station and Times Square offers future residents access to the 4,5,6,S,1,2,3,B,D,F,M,N,Q,R, LIRR and Metro North Trains

Offering Breakdown:

Unit/Fl 3

  • Block: 840  Lot: 1205
  • 8,371 RSF
  • 6,111 GSF
  • Annual Real Estate Tax: $88,416

Unit/Fl 4

  • Block: 840  Lot: 1206
  • 8,355 RSF
  • 6,099 GSF
  • Annual Real Estate Tax: $88,247

Unit 5/Fl 5

  • Block: 840  Lot: 1207
  • 8,359 RSF
  • 6,102 GSF
  • Annual Real Estate Tax: $88,289

Unit 6/Fl 6

  • Block: 840  Lot: 1208
  • 5,515 RSF
  • 4,026 GSF
  • Annual Real Estate Tax: $58,251

Unit 8/FL 8

  • Block: 840  Lot: 1210
  • 5,107 RSF
  • 3,801 GSF
  • Annual Real Estate Tax: $54,997

Unit 9/Fl 9

  • Block: 840  Lot: 1211
  • 5,207 RSF
  • 3,801 GSF
  • Annual Real Estate Tax: $54,997

Unit 11/Fl 11

  • Block: 840  Lot: 1213
  • 4,949 RSF
  • 3,613 GSF
  • Annual Real Estate Tax: $52,272

Unit 14/Fl 14

  • Block: 840  Lot: 1216
  • 4,527 RSF
  • 3,305 GSF
  • Annual Real Estate Tax: $47,815

Zoning & Development Summary:

  • The property sits on a 4,906 Sq Ft lot on West 39th Street, between Fifth and Sixth Avenues.  The property is zoned M1-6 zoning district, due to the newly approved midtown south mixed-use Plan (MSMX).  Following MSMX, the property’s Current zoning district will change from M1-6 to M1-9A / R12 and retail tenants will benefit from revitalization of the submarket.

Investment Highlights:

  • Prime Midtown South location near Bryant Park
  • Multiple office condominium units
  • Strong tenant demand for Midtown office space
  • Excellent transit accessibility
  • Long-term value supported by Midtown South rezoning initiatives

$16,500,000 Opening Bid

 

Complete Offering Memorandum Available Upon Competition of this Non-Disclosure Agreement (Click Here)


ONLINE BIDDING ONLY – CLICK HERE FOR ONLINE BIDDING

Bidding is available by computer (PC or Mac Only) or download of the Maltz Auctions App on the App Store or Google Play (Required for tablet and Cell Phone Devices)

  Pre-Registration Required to Bid. You Must send in signed Terms & Conditions of Sale, signed Online Bidding Form and a deposit (cashier’s check only) to be approved for bidding.


Viewing: Available By Appointment – Please Call to Schedule.

Pre-Registration Required to Bid:  Please review the Bid Procedures.

Auction Date: Online-Only Bidding will open Monday, February 9, 2026 at 12:00 noon and is scheduled to close on Wednesday, February, 11, 2026 at 1:00 PM Visit RemoteBidding.MaltzAuctions.com or download the Maltz Auctions App on the Apple Store or Google Play.

Terms & Conditions of Sale: Please review the Bid Procedures.

Bidding Process: If a bid is placed with less than one minute remaining, the bidding period will be extended so one minute remains for competing bids to be entered.  If any further bidding occurs, the extension timer will reset to one minute.  Once no further bidding activity occurs, the sale closes when the time runs out.

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The Real Property is being sold “AS IS” “WHERE IS”, “WITH ALL FAULTS”, without any representations, covenants, guarantees or warranties of any kind or nature, and free and clear of any liens, claims, or encumbrances of whatever kind or nature, with such liens, if any, to attach to the proceeds of sale in such order and priority as they existed immediately prior to the Closing, and the sale of the Real Property is subject to, among other things (a) any state of facts that an accurate survey may show; (b) any covenants, restrictions and easements of record; (c) any state of facts a physical inspection may show; (d) any building or zoning ordinances or other applicable municipal regulations and violations thereof; and (e) environmental conditions. By delivering their respective Deposits, all Potential Buyer acknowledge that they have had the opportunity to review and inspect the Real Property, the state of title thereof and laws, rules and regulations applicable thereto, and will rely solely thereon and on their own independent investigations and inspections of the Real Property in making their offers. Neither Maltz, the Chapter 11 Debtor & Debtor in Possession, the Attorney for the Chapter 11 Debtor & Debtor in Possession nor any of their collective representatives makes any representations or warrantees with respect to the permissible uses of the Real Property including, but not limited to, the zoning of the Real Property.  All Bidders acknowledge that they have conducted their own due diligence in connection with the Real Property and are not relying on any information provided by Maltz, the Chapter 11 Debtor & Debtor in Possession, the Attorney for the Chapter 11 Debtor & Debtor in Possession, or their professionals.  The Real Property will be sold subject to any and all violations or conditions requiring corrective action.  The information contained herein was derived from sources deemed reliable, but is not guaranteed.  Most of the information provided has been obtained from third party sources and has not been independently verified.  It is the responsibility of the Buyer to determine the accuracy of all components of the sale and Property.  Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the Property, including without limitation, environmental and physical condition of the Property.  All prospective bidders are urged to conduct their own due diligence prior to submitting an offer.  Bid rigging is illegal and suspected violations will be reported to the Department of Justice for investigation and prosecution.