57 55Th St New York, NY 10022
- Mixed-use properties
- 14,541 SF
Current Use by Public Records
- Friars Club / Night Club / Club
Property Details for 57 55Th St
- Year built
- 1909
- Property size
- 14,541 SF
- Property type
- Mixed-use properties
Description
This exceptional 14,541 square foot mixed-use property, located at 57 E 55th St in New York City, presents a unique investment opportunity. The five-story building, constructed in 1909 and renovated in 1986, boasts an impressive English Renaissance architectural style and was designated a landmark in 2016. Currently vacant, this 33-foot frontage property on East 55th Street offers a vast array of potential uses. Imagine transforming this former Friars Club into an exclusive private club, a luxurious single-family mansion, a high-end restaurant, a boutique hotel, a sophisticated cigar club, or even a consulate or embassy. The possibilities are truly limitless, allowing for either a single, grand use or a creative combination of uses. The building features multiple spaces including a bar, lounge, conference room, offices, fitness center, and billiards room. Its prime location between Park and Madison Avenues, just two blocks from Billionaire's Row on 57th Street, ensures unparalleled visibility and access to a high-net-worth clientele. The property sits on a 3,317 square foot lot and is zoned C5-2.5. This foreclosure sale is subject to Bankruptcy Court approval. Bidding deadline is Monday, November 25th, 2024, at 5:00 PM, with the auction on Tuesday, November 26th, 2024, at 2:30 PM.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- New York
- County
- New York
- State
- New York
- Longitude
- -73.9725
- Latitude
- 40.7609
