Retail Space - For Sale
238 West 54th Street New York, NY 10019
Details & Description
Price: $41,500,000
  • Property Type Retail for Sale : Free Standing Building
  • Lot Size Acres 0.110
  • Building Sq Ft 27,515
  • Building Price per Sq Ft $1,508.27
  • Land Sq Ft 4,791
  • Land Price per Sq Ft $8,662.07
5 to 15 mins walk from: Central Park, Columbus Circle, Times Square, Broadway Theatres, Midtown Central Business District, Rockefeller Center, Fifth Avenue, Grand Central Terminal, Penn Station & the Moynihan Train Hall, Hudson Yards, Hudson River Greenway.1 block away from 7th Ave Station (E, B & D train), 2 blocks from 57th Street Station (N, Q, R & W train), 3 blocks from 50th Street Station (C, E & 1 train), 4 blocks from Columbus Circle Transit Hub.Zoning allows for high-rise construction up to 75,000 SF (as-of-right) or up to 90,000 SF (with additional air rights from the Theater District Bonus Program).B6 Real Estate Advisors has been retained on an exclusive basis to market 238-240 West 54th Street, New York, N.Y. for sale. Located on the southside of 54th Street between Broadway and Eighth Avenue, the property is a 50’ x 100’ lot that is improved by a 28,325 sf (approx.) commercial building that is home to Café Iguana. The property is owner-occupied and will be delivered vacant. Zoned C6-7 in the “Special Midtown District – Theatre Sub-District”, over 75,000 sf. of commercial, mixed-use, hotel or community facility can be developed on the site.238-240 West 54th Street is located in one of the most exciting locations in the world at the intersection of Times Square, Columbus Circle, Midtown, and Midtown West. Of recent, the media has touted the health, environmental and socio-economic benefits of an idealized “15-Minute City,” where everything is readily accessible with limited commuting time. Developing 238-240 West 54th Street into a truly exceptional property would be the embodiment of this ideal allow the new building’s residents and tenants an opportunity to live within arguably the most spectacular “15-Minute City” in the world!
Additional Photos
Listing Agents
Chris Brodhead

O: 646-933-2616
cbrodhead@b6realestate.com
While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

238 West 54th Street

New York, NY 10019

Listing ID: 252028
$41,500,000
For Sale
  • Property Type Retail for Sale : Free Standing Building
  • Lot Size Acres 0.110
  • Building Sq Ft 27,515
  • Building Price per Sq Ft $1,508.27
  • Land Sq Ft 4,791
  • Land Price per Sq Ft $8,662.07
  • 238 West 54th Street New York, NY 10019 | for Sale | Photo 1
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Description

5 to 15 mins walk from: Central Park, Columbus Circle, Times Square, Broadway Theatres, Midtown Central Business District, Rockefeller Center, Fifth Avenue, Grand Central Terminal, Penn Station & the Moynihan Train Hall, Hudson Yards, Hudson River Greenway.

1 block away from 7th Ave Station (E, B & D train), 2 blocks from 57th Street Station (N, Q, R & W train), 3 blocks from 50th Street Station (C, E & 1 train), 4 blocks from Columbus Circle Transit Hub.

Zoning allows for high-rise construction up to 75,000 SF (as-of-right) or up to 90,000 SF (with additional air rights from the Theater District Bonus Program).

B6 Real Estate Advisors has been retained on an exclusive basis to market 238-240 West 54th Street, New York, N.Y. for sale. Located on the southside of 54th Street between Broadway and Eighth Avenue, the property is a 50’ x 100’ lot that is improved by a 28,325 sf (approx.) commercial building that is home to Café Iguana. The property is owner-occupied and will be delivered vacant. Zoned C6-7 in the “Special Midtown District – Theatre Sub-District”, over 75,000 sf. of commercial, mixed-use, hotel or community facility can be developed on the site.

238-240 West 54th Street is located in one of the most exciting locations in the world at the intersection of Times Square, Columbus Circle, Midtown, and Midtown West. Of recent, the media has touted the health, environmental and socio-economic benefits of an idealized “15-Minute City,” where everything is readily accessible with limited commuting time. Developing 238-240 West 54th Street into a truly exceptional property would be the embodiment of this ideal allow the new building’s residents and tenants an opportunity to live within arguably the most spectacular “15-Minute City” in the world!

Points of Interest & Demographic Radii
Points of Interest
Demographic Radii
POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
 
New York History of Retail Space for Sale

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New York Area Market Trends

Listing Demographics for 238 West 54th Street New York, NY 10019

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

1-Mile 3-Miles 5-Miles
Total Population151,8381,291,6002,613,218
Population Median Age424039
Population by Age0-9 Yrs9936 (6%)113307 (8%)265576 (10%)
10-19 Yrs7210 (4%)88973 (6%)209562 (8%)
20-29 Yrs26393 (17%)230947 (17%)474343 (18%)
30-39 Yrs33941 (22%)262760 (20%)532434 (20%)
40-49 Yrs21268 (14%)168032 (13%)337984 (12%)
50-59 Yrs18518 (12%)150718 (11%)291600 (11%)
60-69 Yrs15993 (10%)132661 (10%)248208 (9%)
70+ Yrs18578 (12%)144202 (11%)253511 (9%)
Median HH Income$119,423$106,610$88,253
Total Household Income< 24K13731 (15%)102334 (16%)228902 (19%)
25-49K9123 (10%)72365 (11%)159348 (13%)
50-74K7277 (8%)68010 (10%)137268 (11%)
75-99K7137 (8%)61261 (9%)115744 (9%)
100-199K23008 (26%)159771 (25%)282972 (24%)
200K+26050 (30%)172020 (27%)249529 (21%)
Highest Education LevelNo Diploma518081443241830
Diploma or GED9327114818309405
Some College1004186091191729
Assoc. Degree43403475578633
Bachelors Degree47614357276622889
Higher Degree49400336299525533
Total Housing Units110,513748,2101,344,207
--Owner-Occupied23,447183,523301,615
--Renter-Occupied62,879452,238872,147
Owner-Occupied Values< 100K28450409019
100-199K32053439414
200-299K289663916020
300-399K9081001523365
400-499K14491238323776
500K+20198144103220020
Total Working Age Population137,7931,128,5252,226,710
In Work Force99,927797,8921,532,238
Not In Work Force37,866330,633694,472
Workforce Employed96,027764,5401,458,799
Workforce Unemployed3,89332,95772,875
Civlian Workforce99,920797,4971,531,674
Military Workforce7395564
Total Households86,327635,7611,173,762
Family Households28,844267,174552,922
Non-Family Households57,483368,587620,841
Married Couple22,792203,025388,171
Other Family6,05264,149164,751
Married w/Child6,91274,094153,221
Single Male w/Child5416,07913,732
Single Female w/Child1,96619,81351,082

Population Change Last Two Decades - Plus Projection

2000%2010%2020%2030
New Jersey8,414,350+48,791,894+49,132,700+49,530,900
Bergen County884,118+2905,116+7967,500+71,031,500
Hudson County608,975+4634,266+12708,100+6747,400
New York18,976,457+219,378,102+420,146,131+220,604,030
Bronx County1,332,650+41,385,108+101,519,809+61,604,168
Kings County2,465,326+22,504,700+92,738,283+52,863,996
New York County1,537,195+31,585,873+61,688,894+21,727,631
Queens County2,229,37902,230,722+92,436,549+52,565,268

Total Working Age Population:

Total Households:

Total Working Age Population:

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No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

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Closest Commercial Airports
Airport Distance (mi)
La Guardia Airport (LGA) 6
Newark Liberty International Airport (EWR) 11
John F Kennedy International Airport (JFK) 14
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