140 W 57th Street, New York, NY 10019

Midtown East, Midtown West, New York, New York 10019

Listing ID Number

25459

Property Description

Cushman and Wakefield has been retained on an exclusive basis to arrange for the sale of 140 West 57th Street, a truly remarkable 14-story commercial asset positioned within the world-famous trophy business district between 6th and 7th Avenues. The approximately 85,000 rentable square foot Landmark property offers contemporary features along with exquisite architectural detail, just steps from Midtown’s main attractions.

Originally designed by renowned architects Pollard & Steinam, the neo-Gothic façade is enhanced by 14 foot bay glass windows set in geometrically ornamented cast iron frames that have been restored to its original early 1900’s grandeur. Initially positioned as artist studios, the offices feature wooden floors, original fireplaces, and expansive duplex units with 20 foot ceilings. The unique office configurations coupled with soaring ceiling heights provides significant light & air throughout the property. Typical floor plates range from 4,400 to 6,800 rentable square feet. Due to the flexible zoning and current vacancy of the entire office component an investor or user has the ability to execute a variety of repositioning opportunities including a luxury office building, conversion to boutique condominiums or a one-of-a-kind corporate headquarters. 140 West 57th Street is ideally positioned as an unusually large blank canvas for a developer, investor or user to execute a myriad of potential visions.

Overview

Building Type:Commercial Buildings
Location:140 W 57th Street
Block/Lot:1009/50
Lot Dimensions:80' x 100.42'
Lot Sq Ft:8,034
Buildable Sq. Ft:120510
Unit Sq Ft:85121
Stories:14
Year Built:1908

Contact

For further information or inspection, please contact Exclusive Agents:

Adam Spies
Chairman
(212) 841 5903
adam.spies@cushwake.com

Jonathan Hageman
Executive Managing Director
(212) 660 7773
jonathan.hageman@cushwake.com

Adam Doneger
Executive Managing Director
(212) 841 5931
adam.doneger@cushwake.com

George D'Ambrosio
Director
(212) 660 7790
george.dambrosio@cushwake.com


Property Images

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Property Map


Aerial View


The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee it. All zoning, buildable footages and uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example. It does not necessarily relate to actual vacancy, if any. The value of this investment is dependent upon these estimates and assumptions made above, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. THE PROSPECTIVE BUYER SHOULD CAREFULLY VERIFY EACH ITEM OF INCOME, AND ALL OTHER INFORMATION HEREIN.