Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Documents

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Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Year Built 1928
Building Area

Property 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.

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.

Last Updated Date: 30 Mar 2021
Bob Knakal
Bob Knakal
Chairman, NY Investment Sales, New York Office Co-Head
License details
NY-10311207925
Jacob Russell
Analyst, Production Support
Last Updated Date: 30 Mar 2021

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