201 West 54th Street, New York, NY for sale

Investment Overview

BKREA has been exclusively retained to arrange the sale of 201 West 54th Street (“The Site”), a premier Midtown Manhattan development opportunity with grandfathered hotel plans. Situated at the northwest corner of West 54th Street and Seventh Avenue, the rectangular lot spans approximately 7,542 square feet with 175 feet of wraparound frontage with 75 feet on Seventh Avenue and 100 feet along West 54th Street. The site has been fully demolished, offering substantial time and cost savings and allowing a developer to begin construction immediately. Its grandfathered status removes the need for a Hotel Special Permit, permitting a hotel to be built as of right and allowing investors to capitalize on strong hospitality demand and proximity to major Manhattan attractions. Alternatively, the site also supports an as-of-right residential development.