5 W 54th St
New York, NY 10019
The Petrola House · Office Property For Sale

Meridian Investment Sales is pleased to present exclusively
5 West 54th Street ("Petrola House" or the "Property"), a
landmarked, Class A boutique mansion delivered vacant in the
heart of Midtown Manhattan. Positioned on West 54th Street
between Fifth and Sixth Avenues, one of Manhattan's most
prestigious mansion blocks, the University Club, the Museum
of Modern Art, and the city's flagship luxury retail corridor,
the Property offers a rare asset in an irreplaceable location.
Constructed in 1899 and most recently altered in 1972, the five
story mansion encompasses approximately 14,966 rentable
square feet above a 25 by 100-foot lot, providing full vacant
possession and complete flexibility to reposition the asset.
Vacant delivery is the defining feature of this offering. Free
of in-place tenancy and lease encumbrances, the Property
presents a clean slate for an owner-user, investor, or operator
to execute a business plan without the friction of buyouts,
holdovers, or assumed obligations. The floor plates, private
mansion configuration, and trophy address support a wide
range of repositioning strategies such as flagship owner-user
headquarters or boutique office, luxury residential conversion,
hospitality, private membership venue, gallery, or foundation
use.
In summary, 5 West 54th Street offers institutional and private
capital a singular combination to acquire a landmarked trophy
mansion asset, delivered fully vacant, on a world-class Midtown
block, with flexible repositioning potential across office,
residential, and hospitality uses. Opportunities to acquire an
unencumbered, landmark-quality asset of this caliber in this
location are exceptionally rare.