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JLL has been exclusively retained to market for sale the commercial
condominium located at 421 West 54th Street. Situated in the heart
of Midtown West on the north side of 54th Street between Eighth
and Ninth Avenues, the commercial unit encompasses the base
of the six-story, mixed-use Hit Factory building, which is globally
recognized for its role in producing some of the most celebrated
music of this generation.
The vacant commercial condo comprises approximately 12,010 net
square feet or 15,263 rentable square feet across the ground floor
and lower level of the building with slab to slab ceiling heights
up 16’. The space was formerly home to Gibson Guitar, which
maintained a unique build out that incorporates music studios and
soundproofing equipment throughout. These upgrades provide
the bevy of specialized capital improvements sought after by
musically inclined users/tenants. Alternatively, the space is ideal
for countless other uses including but not limited to doctor/dentist
offices, production companies, event space or gallery. In addition to
the physical space, this commercial condo maintains rights to the
building’s flagpoles, a unique branding opportunity for its occupant.