539 West 54th Street

BKREA is exclusively handling the sale of 539 West 54th Street, a mixed-use redevelopment opportunity in Manhattan’s Hell’s Kitchen neighborhood. The 12,549 square-foot lot has dimensions of 125’ x 100.42’ and is currently being demolished, saving developers time and costs. Located between 10th and 11th Avenues, the site falls within the R8, CL zoning district, allowing for an as-of-right Floor Area Ratio (FAR) of 6.02 for residential and 6.5 for community facility use. Approved plans by GF55 Architects outline a 21-story, 81,567 ZFA building with 68 residential units and a community facility on the first two floors. The property is close to parks, eateries, and shops, offering a convenient location for future residents.BKREA has been retained on an exclusive basis to arrange for the sale of 539 West 54th Street (“The Site”), an exceptional mixed-use development opportunity in the evolving Hell’s Kitchen neighborhood in Manhattan. The site is located on the north side of West 54th Street between 10th and 11th Avenues and features favorable lot dimensions of 125’ x 100.42’. The site is in the process of being demolished allowing prospective developers with time and cost savings. The 12,549 square-foot lot is within the R8, CL (Special Clinton District) zoning district, allowing for an as-of-right FAR of 6.02 for residential use and 6.5 FAR for community facility purposes, which translates to an as-of-right ZFA of 75,547 residential ZFA and 81,571 community facility ZFA. The offering is being delivered with approved plans conducted by GF55 Architects. The plans call for a 21-story, 81,567 ZFA, mixed-use project featuring 68 units and a community facility component at the base on the bottom two floors. Ownership is in the process of pulling permits and creating a shovel-ready site. All information regarding these plans is readily available in the data room. 539 West 54th Street is an excellent opportunity due to its prime Hell’s Kitchen location, offering residents a short walk to several eateries, shops, and parks such as De Witt Clinton and Hudson River Park providing a serene environment for relaxation and recreation.