254 W 47th St, New York, NY 10036

254 West 47th Street – Theater District / Midtown West Commercial Building

Prime opportunity to acquire a five-story commercial building plus basement located in the heart of Manhattan’s Theater District, between Broadway and Eighth Avenue, just steps from Times Square, major theaters, restaurants, hotels, and multiple subway lines. The property benefits from excellent visibility and strong pedestrian traffic in one of Midtown’s most active commercial corridors.

The building sits on a 25' × 100.42' lot (±2,511 SF) and contains approximately 10,750 SF across five stories plus basement. Built in 1925, the property features high ceilings, hardwood floors, exposed brick, and open floor plates, allowing for flexible commercial use including fitness, studio, office, restaurant, wellness, educational, or retail.

Located in a C6-5 zoning district (FAR 10.0), the site allows approximately ±25,110 buildable SF, providing ±14,000 SF of unused air rights, creating strong value-add / redevelopment potential (subject to approvals).

With its prime Midtown West location, flexible layout, and significant development upside, 254 West 47th Street represents a rare investment or owner-user opportunity in one of Manhattan’s most sought-after commercial markets.