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54 W 31st St 9,101 SF Retail Building New York, NY 10001 $12,000,000 ($1,318.54/SF)



Executive Summary
54-56 West 31st Street presents a rare opportunity to acquire a vacant commercial property in the heart of Midtown Manhattan. Formerly comprised of two separate buildings, the property has since been combined into a single building and tax lot, offering approximately 9,100 square feet, including the cellar level, across multiple floors and a highly desirable rooftop component.
The property was formerly home to O’Reilly’s Irish Pub, a well-known Midtown Manhattan establishment that served patrons for decades and became a familiar destination for residents, commuters, sports fans, and visitors to the Penn Station and Madison Square Garden district. The rooftop component further distinguished the property and contributed to its longstanding presence within the neighborhood. (Manhattan Sideways)
Delivered vacant and in shell condition, the property provides exceptional flexibility for repositioning, hospitality, restaurant, entertainment, retail, owner-user occupancy, or other value-add opportunities. Strategically located between Penn Station, Madison Square Garden, Herald Square, and Koreatown, the asset benefits from one of Manhattan’s most active commercial corridors and substantial pedestrian traffic.
Asking Price: $12,000,000
For additional information or to arrange a private tour, please contact:
Paul Son, Broker
pson@findrealestate.com
(212) 300-3869
Julie Lee, Broker
julie@findrealestate.com
(212) 719-5315
The property was formerly home to O’Reilly’s Irish Pub, a well-known Midtown Manhattan establishment that served patrons for decades and became a familiar destination for residents, commuters, sports fans, and visitors to the Penn Station and Madison Square Garden district. The rooftop component further distinguished the property and contributed to its longstanding presence within the neighborhood. (Manhattan Sideways)
Delivered vacant and in shell condition, the property provides exceptional flexibility for repositioning, hospitality, restaurant, entertainment, retail, owner-user occupancy, or other value-add opportunities. Strategically located between Penn Station, Madison Square Garden, Herald Square, and Koreatown, the asset benefits from one of Manhattan’s most active commercial corridors and substantial pedestrian traffic.
Asking Price: $12,000,000
For additional information or to arrange a private tour, please contact:
Paul Son, Broker
pson@findrealestate.com
(212) 300-3869
Julie Lee, Broker
julie@findrealestate.com
(212) 719-5315
Property Facts
Sale Type
Investment
Sale Condition
Building in Shell Condition
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
9,101 SF
Building Class
C
Year Built
1910
Price
$12,000,000
Price Per SF
$1,318.54
Tenancy
Single
Building Height
4 Stories
Building FAR
3.48
Lot Size
0.06 AC
Zoning
C6-4X - Permit a Wide Range of High-Bulk Commercial Uses Requiring a Central Location
Frontage
Amenities
- Signage
Exceptionally walkable
90/100
Fairly drivable
40/100
Exceptional public transit
100/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,074,150 | |
| Land Assessment | $630,000 | Total Assessment | $1,704,150 |
Property Taxes
Parcel Numbers
Land Assessment
$630,000
Improvements Assessment
$1,074,150
Total Assessment
$1,704,150
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54 W 31st St
