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Off Market
1/12

421 W 54th St
New York, NY 10019


HIGHLIGHTS

  • Entire 2nd Floor - 14,514 RSF office condo renovated in 2018, located in the prestigious Hit Factory building
  • Immaculate condition, featuring commercial sprinklers, an HVAC system, 13-foot ceiling heights and abundant natural light from windows on both street
  • Flexible workspace layout with private offices, open work areas, conference rooms, breakout spaces, kitchen/pantry, and restrooms.
  • Includes private lobby and elevator, with parking unit for added convenience.
  • Prominent branding opportunities with flagpole and door-entrance signage.
  • Residential uses permitted as-of-right, allowing for a potential residential conversion.

OVERVIEW

Marcus & Millichap’s Nowak Group is exclusively retained to market Unit C3, a fully renovated, turn-key office space spanning the full second floor of the prestigious Hit Factory building at 421 West 54th Street in Midtown West, Manhattan. Situated between Eighth and Ninth Avenues, this commercial condominium blends modern office functionality with the iconic setting of one of the City’s most renowned luxury residential buildings known for its history of producing legendary music. Unit C3 offers approximately 14,514 rentable square feet of prime office space, fully renovated in 2018 to deliver a contemporary and efficient work environment. The space is in immaculate condition, featuring commercial sprinklers, an HVAC system, and abundant natural light from windows lining both the street and rear sides. With impressive 13-foot ceiling heights, the unit provides a sense of openness and grandeur. The layout includes a balanced mix of private offices, open work areas, multiple conference rooms, breakout spaces, a dedicated kitchen/pantry area, and restroom facilities, offering flexibility for a range of workspace configurations. The unit also comes with parking unit P3 in the basement for added convenience. Private lobby and elevator access, as well as optional access via the building’s main lobby elevator, provides additional flexibility. Prominent branding opportunities are available with both flagpole and door-entrance signage. An as-of-right conversion of the floor to residential uses with one or more units is also permitted, adding further flexibility for investors. Located in the heart of Hell’s Kitchen/Midtown West, The Hit Factory building combines a rich history with modern amenities. Originally built in 1928 and converted into luxury condominium lofts in 2006, The Hit Factory is renowned as one of the world’s most iconic recording studios, where legendary artists like The Rolling Stones, John Lennon, and Madonna produced landmark music. Today, it stands as a prestigious address that combines modern living with its musical legacy, making it a unique and attractive space for both creative professionals and those seeking a distinctive residential conversion opportunity. Unit C3 is a turn-key solution, ideal for use by professional firms, not-for-profits, creative enterprises and medical uses. Additionally, the property presents a unique opportunity for residential conversion, allowing investors or end users to capitalize on the growing demand for mixed-use and residential configurations.

FOR SALE DETAILS

PRICE

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# OF UNITS

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CAP RATE

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% LEASED

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BUILDING DETAILS

PROPERTY NAME

The Hit Factory

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

70937

STORIES

6

YEAR BUILT

1928

PARKING SPACES

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LAND DETAILS

LAND ACRES

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LAND SF

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ZONING

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APN/PARCEL ID

0064-7502,1064-1115,1064-1120,1064-1130,1064-1133,1064-1138