Denham Wolf Real Estate Services, as exclusive agent, is pleased to present the opportunity to purchase a vacant, architecturally unique, 10,145 SF building most recently used as a column-free performing arts space and administrative headquarters. The property presents a prime opportunity for an owner-user or a developer.

INVESTMENT HIGHLIGHTS:

• Delivered fully vacant
• Column-free performance space
• 8,171 SF of excess development rights
• Located between the Theater District & Hudson Yards
• Nearby numerous transportation options
• Neighborhood character protected by the Clinton Preservation District

Property Description

This three-story former community facility is located in Hell’s Kitchen, a few blocks from the major commercial areas of Midtown West and Hudson Yards. The vacant property is a short walk from major Manhattan attractions, including the Broadway Theatre District and Times Square. The maximum FAR for the property, as either a residential or community facility, is 4.20, equating to 8,171 SF of additional development rights and a gross building area of 16,871 SF buildable as-of-right. 

The property is prominently positioned approximately 340 feet to the west of Ninth Avenue on the south side of West 44th Street, with 40 feet of frontage. The improvements comprise a voluminous building that has served as the home for a prestigious nonprofit organization that provides numerous services to New York’s performing arts industry.

424 West 44th Street was built in 1910 in the neo-Gothic Revival style. It is three stories tall with a partial lower level. There are several offices, a library, and a multi-purpose room on the ground floor, which can be accessed from the street via six steps. The staircases in the entryway provide access to the second floor with additional offices, a kitchen, and a double-height rehearsal area with an up-to-date Place of Assembly certificate. The staircase on the eastern side of the second floor leads to the third floor, which has offices and studies for visiting playwrights. Lastly, the eastern staircase provides access to a flat, renovated roof deck area with a large, covered storage area.

For additional information and access to the virtual deal room, please contact the exclusive broker:

Cameron Tuttle +1 646 307 4546
Kate Hrobsky +1 646 814 8856
Christopher D. Turner, MRICS +1 212 629 7013