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19 W 55th St
New York, NY 10019
19W55 · Multifamily Property For Sale
·
28 Units
INVESTMENT HIGHLIGHTS
- GUTTED AND PRIMED FOR DEVELOPMENT OPPORTUNITY
EXECUTIVE SUMMARY
SERHANT. has been exclusively retained to represent 19 West 55th Street for sale.
Situated just off Fifth Avenue and neighboring the iconic Peninsula Hotel, 19 West 55th Street offers a singular opportunity for developers, investors, or end-users to reimagine an extraordinary piece of Manhattan real estate. Rising 10 stories and spanning approximately 39,000 square feet, the building is delivered fully gutted and nearly vacant—save for three rent-stabilized units—setting the stage for a seamless transformation.
Clive Longstein’s visionary redesign proposes an elegant limestone façade with double-height windows, multiple outdoor terraces, and a striking enclosed colonnade. Plans are in place for a luxury condominium conversion, replete with timeless architectural details that blend seamlessly with the prestige of the surrounding neighborhood. Previously configured with retail at grade and 29 residential units above, this site is primed for a boutique luxury development or alternative high-end use.
Anchored in the heart of Midtown Manhattan, with Central Park, MoMA, and world-class retail at your doorstep, 19 West 55th Street is already attracting top-tier interest—including a potential $42,000/month lease from a renowned restaurateur. This rare Midtown gem is further supported by immediate access to the B/D/E/F/M/N/Q/R subway lines, providing unmatched convenience and connectivity.
A legacy address in a legacy location—19 West 55th Street is a once-in-a-generation offering.
Situated just off Fifth Avenue and neighboring the iconic Peninsula Hotel, 19 West 55th Street offers a singular opportunity for developers, investors, or end-users to reimagine an extraordinary piece of Manhattan real estate. Rising 10 stories and spanning approximately 39,000 square feet, the building is delivered fully gutted and nearly vacant—save for three rent-stabilized units—setting the stage for a seamless transformation.
Clive Longstein’s visionary redesign proposes an elegant limestone façade with double-height windows, multiple outdoor terraces, and a striking enclosed colonnade. Plans are in place for a luxury condominium conversion, replete with timeless architectural details that blend seamlessly with the prestige of the surrounding neighborhood. Previously configured with retail at grade and 29 residential units above, this site is primed for a boutique luxury development or alternative high-end use.
Anchored in the heart of Midtown Manhattan, with Central Park, MoMA, and world-class retail at your doorstep, 19 West 55th Street is already attracting top-tier interest—including a potential $42,000/month lease from a renowned restaurateur. This rare Midtown gem is further supported by immediate access to the B/D/E/F/M/N/Q/R subway lines, providing unmatched convenience and connectivity.
A legacy address in a legacy location—19 West 55th Street is a once-in-a-generation offering.
PROPERTY FACTS
AMENITIES
UNIT AMENITIES
- Heating
SITE AMENITIES
- Elevator
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 14 | - | 750 - 1,050 |
| 3+2 | 14 | - | 1,050 - 1,150 |
PROPERTY TAXES
| Parcel Number | 1271-0025 | Improvements Assessment | $4,162,215 CAD |
| Land Assessment | $942,246 CAD | Total Assessment | $5,104,461 CAD |
PROPERTY TAXES
Parcel Number
1271-0025
Land Assessment
$942,246 CAD
Improvements Assessment
$4,162,215 CAD
Total Assessment
$5,104,461 CAD
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