West 54th Street - Amazon Simple Storage Service (S3)
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West 54th Street 75’ Wide Development Site Approved Plans & 421A Certificates
Location:
The north side of West 54th Street between 8th and 9th Avenues.
Block / Lot:
1045 / 6
Lot Size:
75’ x 100.42’
Lot Area:
6,383
Building Dimensions:
75’ x 100’
Stories:
7 + Basement (Post Construction)
Zoning:
R8
Total Approved SF*:
35,758
Net Above Grade Residential SF:
26,621
Assesment (14/15):
$662,104
R.E Taxes (14/15):
$64,220
(Irr.) (Special Clinton Dist.) (Excludes Amenity & Lower Level Duplex SF)
*Inclusive of Amenity & Lower Level Duplex SF.
A SKING PRICE: $26,000,000
Rendering of Completed Building
Property Description
Massey Knakal has been retained on an exclusive basis to sell 351-354 West 54th Street, an unencumbered 75’ wide development site in the heart of Midtown West just south of Columbus Circle. The property is located on the north side of West 54th Street between 8th & 9th Avenues and lies within both an R8 zone as well as the Special Clinton Zoning District. The foundation for the project has already been poured and approvals have been secured for the construction of a 7 story, 35,758 GSF, luxury residential building. Current plans call for 33 condominium apartments of various sizes, featuring floor to ceiling windows, luxury finishes ample outdoor space, limited on-site parking, a gym, bicycle room, and basement storage facilities. Purchasers will also receive 33 421-A certificates and may be able to assume negotiated fixed price construction contracts. The property is ideal for a developer looking for a shovel ready project or an end-user looking to customize the space for their needs. Purchasers will benefit from lower construction costs as the foundation, plans, and fixed price contracts are already in-place. The site will be sold on an as-is basis.
For further information or inspection, please contact Exclusive Sales Agents: HALL OSTER DIRECTOR OF SALES 212.696.2500 x7723 [email protected]
CHRIS BRODHEAD DIRECTOR OF SALES 212.696.2500 x7723 [email protected]
TEDDY GALLIGAN ASSOCIATE 212.696.2500 x5137 [email protected]
CAMERON MITCHELL ASSOCIATE 212.696.2500 x7746 [email protected]
The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee it. All zoning, buildable footages and uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example. It does not necessarily relate to actual vacancy, if any. The value of this investment is dependent upon these estimates and assumptions made above, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. THE PROSPECTIVE BUYER SHOULD CAREFULLY VERIFY EACH ITEM OF INCOME, AND ALL OTHER INFORMATION HEREIN.
West 54th Street 75’ Wide Development Site Approved Plans & 421A Certificates
Location:
The north side of West 54th Street between 8th and 9th Avenues.
Block / Lot:
1045 / 6
Lot Size:
75’ x 100.42’
Lot Area:
6,383
Building Dimensions:
75’ x 100’
Stories:
7 + Basement (Post Construction)
Zoning:
R8
Total Approved SF*:
35,758
Net Above Grade Residential SF:
26,621
Assesment (14/15):
$662,104
R.E Taxes (14/15):
$64,220
(Irr.) (Special Clinton Dist.) (Excludes Amenity & Lower Level Duplex SF)
*Inclusive of Amenity & Lower Level Duplex SF.
A SKING PRICE: $26,000,000
Rendering of Completed Building
Property Description
Massey Knakal has been retained on an exclusive basis to sell 351-354 West 54th Street, an unencumbered 75’ wide development site in the heart of Midtown West just south of Columbus Circle. The property is located on the north side of West 54th Street between 8th & 9th Avenues and lies within both an R8 zone as well as the Special Clinton Zoning District. The foundation for the project has already been poured and approvals have been secured for the construction of a 7 story, 35,758 GSF, luxury residential building. Current plans call for 33 condominium apartments of various sizes, featuring floor to ceiling windows, luxury finishes ample outdoor space, limited on-site parking, a gym, bicycle room, and basement storage facilities. Purchasers will also receive 33 421-A certificates and may be able to assume negotiated fixed price construction contracts. The property is ideal for a developer looking for a shovel ready project or an end-user looking to customize the space for their needs. Purchasers will benefit from lower construction costs as the foundation, plans, and fixed price contracts are already in-place. The site will be sold on an as-is basis.
For further information or inspection, please contact Exclusive Sales Agents: HALL OSTER DIRECTOR OF SALES 212.696.2500 x7723 [email protected]
CHRIS BRODHEAD DIRECTOR OF SALES 212.696.2500 x7723 [email protected]
TEDDY GALLIGAN ASSOCIATE 212.696.2500 x5137 [email protected]
CAMERON MITCHELL ASSOCIATE 212.696.2500 x7746 [email protected]
The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee it. All zoning, buildable footages and uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example. It does not necessarily relate to actual vacancy, if any. The value of this investment is dependent upon these estimates and assumptions made above, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. THE PROSPECTIVE BUYER SHOULD CAREFULLY VERIFY EACH ITEM OF INCOME, AND ALL OTHER INFORMATION HEREIN.
