The Branson Residences at Fifth

19 West 55th Street

Midtown West   |   Fifth Avenue & Avenue of the Americas

Price Drop
Building for sale
$ 48,500,000 [ 17.09% | $ 10,000,000 ]
Ownership Income Property
Lot Size 50'x100'
Floors/Apts 10/23
Status Active
Real Estate Taxes [Per Annum] $ 562,800
Building Type Low-Rise
ASF/ASM 40,000/3,716
Listing ID: 78908TH

Property Description

Extremely rare opportunity to own a 50-foot wide mixed use building that is primed and ready to be transformed into a glorious private corporate or institutional headquarters, short-term/executive suites, luxury apartment building with retail space, gallery, consulate, etc. Located across from The Peninsula Hotel on West 55th Street off Fifth Avenue, the building current consists of 34,000 sq. ft. above grade plus an additional 5,000 sq. ft. cellar. Previously configured as rental buildings, most of the building has been vacated and gutted with the exception of four rent stabilized tenants. Preliminary proposed plans consisting of multiple residential units (14 two bedrooms and 3 thee bedrooms or 18 one-bedrooms and 3 three bedrooms) plus ground floor retail space have been explored by the owners. Plans are available upon request. The facade is not protected and can be transformed into full limestone, a rendering and details of which are also available upon request.
Extremely rare opportunity to own a 50-foot wide mixed use building that is primed and ready to be transformed into a glorious private corporate or institutional headquarters, short-term/executive suites, luxury apartment building with retail space, gallery, consulate, etc. Located across from The Peninsula Hotel on West 55th Street off Fifth Avenue, the building current consists of 34,000 sq. ft. above grade plus an additional 5,000 sq. ft. cellar. Previously configured as rental buildings, most of the building has been vacated and gutted with the exception of four rent stabilized tenants. Preliminary proposed plans consisting of multiple residential units (14 two bedrooms and 3 thee bedrooms or 18 one-bedrooms and 3 three bedrooms) plus ground floor retail space have been explored by the owners. Plans are available upon request. The facade is not protected and can be transformed into full limestone, a rendering and details of which are also available upon request.

Listing Courtesy of The Corcoran Group

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Apartment Features

A/C
19 West 55th Street Midtown West New York NY 10019

Building Details [19 West 55th Street]

Ownership Income Property
Service Level Full-Time Doorman
Access Elevator
Block/Lot 1271/25
Zoning C5-P
Building Type Low-Rise
Floors/Apts 10/23
Lot Size 50'x100'

Building Amenities

Fitness Facility
Laundry Rooms

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Loan Amount

Klara Madlin

License

Licensed Real Estate Broker


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