$38,000,000
Updated 3 years ago
Off Market

The Branson Residences at Fifth

19 West 55th Street

Midtown West, Manhattan | Fifth Ave & Ave of the Americas

5 Rooms3 Beds2 Baths40,000 Square FeetMixed Use

$38,000,000
floors / apts10 / 23
Lot Size50'x100'
ZoneC5-P
Building TypeLow-Rise
RE Taxes$465,961
Price Per SF
$950

Listing Features

  • Architectural Dtls
  • Beamed Ceilings
  • Original Details

Outdoor space and views

  • Balcony [200 SF]
  • Deck
  • Terrace
  • Central Park
  • Chrysler Building
  • City Views
  • Courtyard
  • Empire State Bldg
  • Saint Patrick's
  • Skyline Views
  • Treeline Views

Building Amenities

  • Full-Time Doorman
  • Elevator
  • Fitness Facility
  • Laundry Room

Property Description for 19 West 55th Street

19 West 55th Street, #BUILDING

EXTRAORDINARY DEVELOPMENT/INVESTMENT OPPORTUNITY JUST OFF CENTRAL PARK

19 West 55th Street is a rare opportunity for developers with construction plans and a potential retail tenant already in place. A former rental/retail building nestled between the Plaza Hotel, MoMA, and Carnegie Hall, the property rises 10 stories with 39,000 sq. ft. of interior space. It is available fully gutted and completely vacant with the exception of three rent-stabilized units.

The Branson was a rental building with ground-level retail space and 29 residential one-to-three-bedroom units. Per the images above, the building’s classic redbrick facade is primed to be transformed an iconic limestone edifice that speaks to the history and prestige of the surrounding area. While other uses are possible, a full set of plans are including for a luxury condominium conversion with three additional stories, double-height windows, multiple outdoor terraces, and an enclosed colonnade. Renderings have been provided by renowned architect Clive Lonstein.

We have a current offer in place for a long-term lease of the ground-level retail space by a famed restaurateur at $42,000/month. This incredible property sits between 5th and 6th Avenues close to high-end shopping, dining, and cultural options. The B/D/E/F/M/N/Q/R subway lines are all nearby, providing rapid transport to the rest of the city.

** Please note the first few pictures are renderings of the new proposed construction the rest are the current state of the building.

Listing History for 19 West 55th Street

Now
05/18/2023
POM by Bernadette Brennan
Serhant LLC
04/21/2023
$38,000,000 [-$4,000,000] [9.5%]
Price Drop by Bernadette Brennan
Serhant LLC

Building Details for 19 West 55th Street

OwnershipMixed Use
Building TypeLow-Rise
Service LevelFull-Time Doorman
AgePre-War
AccessElevator
Year Built1920
Floors/Apts10/23
Learn More About the Building

Transit and Citi Bike

Subway

5 Av/53 St
0.14 miles
57 St
0.16 miles
5 Av/59 St
0.22 miles
57 St-7 Av
0.32 miles
7 Av
0.32 miles

Railroad

Grand CentralLong Island Rail Road
0.48 miles

Citi Bike

W 54 St & 6 Ave
0.09 miles
W 56 St & 6 Ave
0.12 miles

Contact Agent

Contact Agent

Licensed As
Licensed Associate Real Estate Broker
Associate Broker
License#:
10491207798
Company:
Serhant LLC

Midtown West | Manhattan

Quick Profile

People, yellow cabs, bright lights, big crowds, 24-hour eateries and just about every type of store imaginable. it’s a frenetic buzz that only a few places on the globe can offer. And that’s just one part of it. Midtown West is the birthplace of hustle and bustle and it’s bordered by 42nd to the south, 59th Street to the north, 8th Avenue to the west, and 5th Avenue to the east. 

Midtown West is not as residential as other neighborhoods in Manhattan. The bustling part of Midtown West is 42nd Street between Times Square and 8th Avenues where the retail and office space, theatres, and attractions are. No matter what time of day it is, you'll always find activity there. 

Residential buildings lay near the western end of Midtown West beginning around 8th Avenue. 

Location, location, location. Of all the neighborhoods and enclaves of Manhattan, Midtown West is perhaps the most commutable place to live, visit, or work. It contains one of the highest concentrations of subway lines in the Big Apple. A, C, E, N, Q, R, 1, 2, 3, and the 7 train. The transit system feeds the streets with commuters from everywhere. The Port Authority Bus Terminal and nearby Penn Station adds to the number of people that flood Midtown on any given day. 

It’s one of the easiest places in all of Manhattan to navigate because it’s a true grid. Uptown, street numbers go up. Downtown, street numbers go down. It’s the same concept from east to west. You really can’t get lost in Midtown West.

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 78908TH