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54 W 56th St

Midtown East, New York, NY
Floors
5
Total Size
5,844 sqft
Lot Size
0 acres
Year Constructed
1900
Year Renovated
0
Number of Buildings
1

About 54 W 56th St

Located between 5th Avenue and Avenue Of The Americas in New York's Midtown West, the property at 54 West 56th Street is ideal for entrepreneurs hoping to rent office space or a retail outlet with close proximity to Central Park and excellent access to public transportation.

Boasting 23' of frontage, 54 West 56th Street is situate within a lively residential, commercial and hospitality district and just a short walk from New York's lovely Central Park.

Commuters working at 54 West 56th Street have access to New York's public transportation via F-train at 57th Street and N, Q and R trains at 5th Avenue/59th Street.

Offered with negotiable terms, the storefront is surrounded by neighboring retailers like Starbucks, Townhouse Spa, Bay Leaf, Chase Bank, Benihana, Hale & Hearty, Duane Reade and Uncle Jack's Steakhouse to name but a few. The former Cucina Restaurant is situated below a traditional barber shop and would suit a wide range of hospitality providers.

The attractive red and dark gray facade of 54 West 56th Street in New York still displays early 20th century architectural design elements above the storefront. It is a charming building with a historic European feel about it.

Companies at 54 W 56th St

Warwick New York Hotel Lodging

Internet Providers for 54 W 56th St

Provider Technology Max Download Speed Max Upload Speed
Lightower Fiber
10 Gb/s
10 Gb/s
Level 3 Communications Fiber
10 Gb/s
10 Gb/s
Cablevision/Lightpath Fiber
10 Gb/s
10 Gb/s
Cogent Communications Fiber
10 Gb/s
10 Gb/s
RCN Cable
1 Gb/s
25 Mb/s
Verizon New York Fiber
1 Gb/s
25 Mb/s
Time Warner Cable Cable
100 Mb/s
6 Mb/s
MegaPath DSL
25 Mb/s
1.5 Mb/s

The Neighborhood: Midtown East

Most listings are in the $80's per square foot per year. The Midtown East region is experiencing a decrease in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 2% decrease in rent.

Compared to the rest of the New York City market, the Midtown East submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.

Median Rate Median Size
Midtown East $83
/sqft/yr
5,000
sqft
Median Rate Median Size
New York City $66
/sqft/yr
3,380
sqft

Median Rate over Time in Midtown East