456 55Th StNew York, NY 10019

Property Details for 456 55Th St

Year built

1910

Lot size

0.17 AC

Property size (Sq ft)

21,600 SF

Zone code

C6-2

Property type

Office properties

Property subtype

Other office properties

APN

01064-0058

APU

10640058

Description

This exceptional three-story industrial building at 456 West 55th Street, New York, NY 10019, offers 21,600 square feet of flexible space in a prime Manhattan location. Boasting a 75-foot wide lot (7,531 sq ft) and 12' 9" ceilings throughout, this property features exceptionally heavy floor loads of 120 lbs. per square foot on all three floors. A single loading dock and a manually operated freight elevator connect all floors, which are also accessible via internal staircases. The building benefits from a curb cut providing convenient access. The C6-2 zoning permits residential, commercial, and community facility uses, with an as-of-right floor area ratio (FAR) of 4.2, resulting in approximately 31,630 buildable square feet. An additional 10,030 square feet of air rights present significant development potential. The building's depth is approximately 96 feet, with each floor spanning roughly 7,200 square feet. The property's location near major developments like Hudson Yards and Manhattan West offers significant future value in a rapidly expanding neighborhood. Potential buyers could restore or add windows to the front and rear facades and potentially utilize the air rights for a vertical addition. This unique opportunity presents tremendous potential for a wide range of uses.

• CAP approach

  CAP return

  Valuation

  6%

  $3,571,125

  6.5%

  $3,296,423

  7%

  $3,060,964

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,822,256

  Geo Method

  $2,822,256

• Alternative Use

  Use

  Valuation

  Residential

  $4,087,565

  Hospitality

  $3,744,188

  Educational

  $3,115,120

  Medical

  $3,222,254

  Retail

  $4,845,742

Location Insight

City

New York

County

New York

State

New York

Latitude

40.7674

Longitude

-73.9891

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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