Investment Overview

Marcus & Millichap’s Nowak Group is exclusively retained to market Unit C3, a fully renovated, turn-key office space located spanning the full second floor of the prestigious Hit Factory building at 421 West 54th Street in Midtown West, Manhattan. Situated between Eighth and Ninth Avenues, this commercial condominium blends modern office functionality with the iconic setting of one of the City’s most renowned luxury residential buildings known for its history of producing legendary music. Unit C3 offers approximately 14,514 rentable square feet of prime office space, fully renovated in 2018 to deliver a contemporary and efficient work environment. The space is in immaculate condition, featuring commercial sprinklers, an HVAC system, and abundant natural light from windows lining both the street and rear sides. With impressive 13-foot ceiling heights, the unit provides a sense of openness and grandeur. The layout includes a balanced mix of private offices, open work areas, multiple conference rooms, breakout spaces, a dedicated kitchen/pantry area, and restroom facilities, offering flexibility for a range of workspace configurations. The unit also comes with parking unit P3 in the basement for added convenience. Private lobby and elevator access, as well as optional access via the building’s main lobby elevator, provides additional flexibility. Prominent branding opportunities are available with both flagpole and door-entrance signage. An as-of-right conversion of the floor to residential uses with one or more units is also permitted, adding further flexibility for investors. Located in the heart of Hell’s Kitchen/Midtown West, The Hit Factory building combines a rich history with modern amenities. Originally built in 1928 and converted into luxury condominium lofts in 2006, The Hit Factory is renowned as one of the world’s most iconic recording studios, where legendary artists like The Rolling Stones, John Lennon, and Madonna produced landmark music. Today, it stands as a prestigious address that combines modern living with its musical legacy, making it a unique and attractive space for both creative professionals and those seeking a distinctive residential conversion opportunity. Unit C3 is a turn-key solution, ideal for use by professional firms, not-for-profits, creative enterprises and medical uses. Additionally, the property presents a unique opportunity for residential conversion, allowing investors or end users to capitalize on the growing demand for mixed-use and residential configurations. LOCATION OVERVIEW Hell’s Kitchen is a vibrant neighborhood known for its proximity to key transportation hubs, including Columbus Circle and Times Square, providing seamless access to subway lines A, C, E, D, B, 1, N, Q, R, and W across Manhattan, Brooklyn, Queens, and the Bronx. The unit is just a 9-minute walk to Columbus Circle, offering convenient commuting options and access to excellent retail amenities along Ninth Avenue. The strategic location enhances connectivity and makes Unit C3 an attractive space for professionals seeking easy access across New York City. The commercial condominium at 421 West 54th Street offers an exceptional opportunity for an end user or investor seeking a flexible, well-appointed office environment in a historically significant building, with added branding potential and future conversion possibilities.