426 W 55th St 12,388 SF 100% Leased Industrial Building New York, NY 10019 For Sale

426 West 55th Street offers a rare investment opportunity in one of Manhattan’s most prestigious neighborhoods—Columbus Circle. This three-story commercial building sits on a 4,393-square-foot lot and boasts a gross building area of 12,388 square feet. Fully leased to Warner Bros. Entertainment Inc. through June 2031, the property provides secure, long-term cash flow backed by a globally recognized tenant.
Strategically positioned between 9th and 10th Avenues, the site benefits from exceptional connectivity. The 59th Street Columbus Circle subway station is just blocks away, offering access to multiple subway lines for seamless travel throughout New York City. The surrounding area is a vibrant mix of luxury residences, world-class retail, and cultural landmarks, including Central Park, Lincoln Center, and Carnegie Hall.
Zoned C6-2, the property allows for high-density commercial or residential development, with significant air rights—14,058 square feet—unlocking future redevelopment potential. Investors can capitalize on the area’s strong demand for premium living and working spaces, supported by the City of Yes zoning initiatives that encourage housing growth and affordability.
This asset combines stable income, prime location, and long-term upside, making it an ideal acquisition for institutional investors, private equity, or developers seeking a foothold in Manhattan’s dynamic market.