Retail

421 West 54th Street

421-429 W 54th St, New York, NY, 10019-4412, US

421 West 54th Street_Property for Sale

Gallery

Asset description

JLL has been exclusively retained to market for sale the commercial

condominium located at 421 West 54th Street. Situated in the heart

of Midtown West on the north side of 54th Street between Eighth

and Ninth Avenues, the commercial unit encompasses the base

of the six-story, mixed-use Hit Factory building, which is globally

recognized for its role in producing some of the most celebrated

music of this generation.

Attributes

Building area gross
100,000 sf
Year built
1928

Investment highlights

The vacant commercial condo comprises approximately 12,010 net

square feet or 15,263 rentable square feet across the ground floor

and lower level of the building with slab to slab ceiling heights

up 16’. The space was formerly home to Gibson Guitar, which

maintained a unique build out that incorporates music studios and

soundproofing equipment throughout. These upgrades provide

the bevy of specialized capital improvements sought after by

musically inclined users/tenants. Alternatively, the space is ideal

for countless other uses including but not limited to doctor/dentist

offices, production companies, event space or gallery. In addition to

the physical space, this commercial condo maintains rights to the

building’s flagpoles, a unique branding opportunity for its occupant.

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Last updated
Oct 8, 2021