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12-Story Office Building
For Sale
Contact for pricing
Pending

245 W 55th St, New York, NY 10019

Twelve-story commercial office asset with direct frontage and access to multiple train lines in Midtown Manhattan.

Property Size69,168 SF
Days on Market147

Property Features for 245 W 55th St

General Information

Standard status Pending
Size 69,168 SF
Net Rentable 69,168 SF
Property subtype Office

Additional Details

Public Transit Yes

Building Details

Buildings 1
Stories 12
Building Size 69,168 SF
Listing Agency: BKREA
Listed By: Bob Knakal · License #NY 10301211305
Source: Crexi
Added: Apr 11 Changed: Sep 1 Last Checked: Sep 1 at 10:58AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of BKREA

Investment Insights

Based on property information with market context.

This 12-story office building provides 69,168 rentable square feet and 60 feet of street frontage. The property fronts West 55th Street within the block bounded by 8th Avenue and Broadway, offering a substantial office presence in a dense commercial setting.

The building sits in Manhattan’s Midtown submarket, a few blocks south of Central Park. Eight train lines are located within three blocks, while Central Park, Carnegie Hall, Radio City, and Rockefeller Center are nearby. These transportation and destination points define the property’s surrounding urban context.

Key Highlights

  • 69,168 rentable square feet across 12 stories
  • 60 feet of frontage along West 55th Street
  • Located between 8th Avenue and Broadway

Property Analytics

Current Use

Jarrett Creative Film Production We Make Music Music Venue Draught 55 Bar & Pub Avant Garde Entertainment Media Distribution Flying Dreams Inc Film Production

Suggested Use

Top Pick Butcher Auto Parts Store (Bike/Boat/Book/etc) Store Buffet Pet Grooming Service Nursing Home

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

49,964
Businesses Nearby

Demographics for 10019, NY

49,029
Population
33,279
Households
1.5
Avg Household Size
38
Median Age
78%
College-Educated
98%
High-School Grad
0.7 sq mi
ZIP Area
70,041
Density / Sq Mi
$121,835
Median Household Income
$108,231
Median Earnings
$2,619
Median Rent
$1,066,100
Median Home Value

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Office building - Twelve-story commercial office asset with direct frontage and access to multiple train lines in Midtown Manhattan.
Where is this office building located?
The property is located at 245 W 55th St New York, NY.
What are key features of this property?
This property features: 69,168 rentable square feet across 12 stories; 60 feet of frontage along West 55th Street; Located between 8th Avenue and Broadway
(917) 509-9501 Call to check price and availability
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