19 55Th St New York, NY 10019
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Luxury Condo Conversion Potential
Property size:
34,000 SFProperty Features for 19 55Th St
General Information
- Property type
- Mixed-use properties
- Square Feet
- 34,000 SF
Building Details
- Year Built
- 1920
- Buildings
- 1
- Stories
- 10
- Units
- 28
Listing Agent: Issy Leiter
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This exceptional 10-story, 34,000 square foot mixed-use building at 19 W 55th St, New York, NY 10019, presents a unique value-add opportunity. Currently 9% occupied, with three rent-stabilized tenants, the property is primed for redevelopment. Architectural plans by Clive Longstein envision a classically renovated building with three additional stories, featuring a striking white limestone facade, double-height windows, and multiple outdoor terraces. The existing structure, a red brick building with black-painted ground levels, sits on a 5,000 square foot lot and boasts 5,000 square feet of air rights. The permitted C1/6 zoning allows for diverse uses, including a luxury condo conversion, as detailed in the included plans. A long-term lease offer from a renowned restaurateur for $42,000 per month is also available. This prime Manhattan location, adjacent to the Peninsula Hotel and near Central Park and MoMA, offers unparalleled convenience and prestige. The building's proximity to multiple subway lines ensures excellent transportation access throughout the city. The asking price is $37,000,000, representing a price per square foot of $1,088.24. Built in 1920, this distressed property offers significant upside potential for the discerning investor. The property includes 28 units.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Credit Repair
Financial Advisor
Kathi J. Paton ...
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Location Insight
- Map
- Local Demand
- City
- New York
- County
- New York
- State
- New York
- Longitude
- -73.9759156
- Latitude
- 40.7622951
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FAQs
What type of property is this?
Mixed-use property - Luxury Condo Conversion Potential
Where is this mixed-use property located?
The property is located at 19 55Th St New York, NY.
What is the asking price?
The asking price for this property is $37,000,000.
What are key features of this property?
This property features: $37,000,000 asking price for a distressed, value-add mixed-use property.; 34,000 square foot, 10-story building with 28 units, 9% occupancy, located at 19 W 55th St, New York, NY 10019.; Prime Manhattan location adjacent to the Peninsula Hotel; 5,000 square feet of available air rights.
