424 W 44th St 10,145 SF Specialty Building Offered at $13,191,444 CAD in New York, NY 10036

Prime Hell’s Kitchen Opportunity
This three-story former community facility is located in Hell’s Kitchen, a few blocks from the major commercial areas of Midtown West and Hudson Yards. The vacant property is a short walk from major Manhattan attractions, including the Broadway Theatre District and Times Square. The maximum FAR for the property, as either a residential or community facility, is 4.20, equating to 8,171 SF of additional development rights and a gross building area of 16,871 SF buildable as-of-right.
The Property is prominently positioned approximately 340 feet west of Ninth Avenue on the south side of West 44th Street, with 40 feet of frontage. The improvements comprise a voluminous building that has served as the home for a nonprofit organization that provides numerous services to New York’s performing arts industry. 424 West 44th Street was built in 1910 in the Gothic Revival style. It is three stories tall with a partial lower level. There are several offices, a library, and a large multi-purpose room on the ground floor which can be accessed from the street via six steps. Two staircases in the entryway provide access to the second floor with additional offices and a double height column-free performance space (with an up-to-date Place of Assembly certificate). A staircase on the eastern side of the second floor leads to the upper levels, including the roof. The third floor has a kitchen, offices, and studies for visiting playwriters, and the roof has been renovated to create a roof deck area with a large covered storage area.
Virtual Tour: https://my.matterport.com/show/?m=dXijxyfB8vB
Investment Highlights
• Delivered fully vacant
• Column-free performance space
• 8,171 SF of excess development rights
• Located between the Theater District & Hudson Yards
• Nearby numerous transportation options
• Neighborhood character protected by the Clinton Preservation District