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57 E 55th St 14,541 SF Specialty Building Offered at $20,900,000 in New York, NY 10022
INVESTMENT HIGHLIGHTS
- The property offers a range of potential uses, including an exclusive private club, a single family mansion, a high-end restaurant, etc.
- Demand for exclusive membership clubs is growing, alongside a resurgence in private dining and entertainment venues.
- Flexible floor plans support various concepts, offering the opportunity to phase improvements and incorporate mixed-use programming.
- An internationally recognized address with a 120-year history of cultural significance, the property carries a wealth of built-in exposure.
- The property holds existing certificates of occupancy for multiple uses and features an established entertainment and food service infrastructure.
- - Situated in one of Manhattan's most exclusive submarkets, the property benefits from consistently strong luxury retail and hospitality performance.
EXECUTIVE SUMMARY
BKREA has been retained on an exclusive basis to arrange for the sale of 57 East 55th Street. This historic limestone building, known as The Friars Club, spans 14,541 square feet across five floors and features 33 feet of frontage. For over a century, The Friars Club served as a hub for legendary entertainers and industry professionals. It stands as one of New York’s most significant cultural institutions, having played a pivotal role in shaping entertainment history. Countless entertainment icons have called the club their own, including Frank Sinatra, Jerry Lewis, Dean Martin, Milton Berle, and Johnny Carson. The Friars Club presents a once-in-alifetime opportunity to own a piece of New York City’s cultural and architectural history. The Property is in the heart of Midtown Manhattan, one of the City’s most prestigious locations. It stands two blocks from the 53rd Street E and M Trains, three blocks from the 4, 5, 6 trains at Lexington and 59th Street.The Friars Club sits in one of the world's most prestigious shopping districts, featuring the flagship locations for Louis Vuitton, Gucci, Prada, and Tiffany & Co. Additionally, The Friars Club is surrounded by some of Manhattan’s most acclaimed restaurants
and cultural institutions ranging from the upscale Greek seafood restaurant, Avra and The Modern which features contemporary American cuisine at the Museum of Modern Art (MoMa). Whether continuing its legacy as a private club, a high-end restaurant and fine dining establishment, or a combination of both. It can also be reimagined as an opulent single-family mansion, or converted into a consulate or embassy; this property offers unmatched potential and flexibility in one of the world’s most prestigious neighborhoods.
and cultural institutions ranging from the upscale Greek seafood restaurant, Avra and The Modern which features contemporary American cuisine at the Museum of Modern Art (MoMa). Whether continuing its legacy as a private club, a high-end restaurant and fine dining establishment, or a combination of both. It can also be reimagined as an opulent single-family mansion, or converted into a consulate or embassy; this property offers unmatched potential and flexibility in one of the world’s most prestigious neighborhoods.
PROPERTY FACTS
| Price | $20,900,000 | Building Class | C |
| Price Per SF | $1,437.32 | Lot Size | 0.08 AC |
| Sale Type | Investment | Building Size | 14,541 SF |
| Sale Condition | Deferred Maintenance | No. Stories | 6 |
| Property Type | Specialty | Year Built/Renovated | 1909/1986 |
| Property Subtype | Lodge/Meeting Hall | ||
| Zoning | C5-2.5 - Central Commercial District with continuous retail frontage intended for offices and retail establishments that serve the entire metropolitan region. | ||
| Price | $20,900,000 |
| Price Per SF | $1,437.32 |
| Sale Type | Investment |
| Sale Condition | Deferred Maintenance |
| Property Type | Specialty |
| Property Subtype | Lodge/Meeting Hall |
| Building Class | C |
| Lot Size | 0.08 AC |
| Building Size | 14,541 SF |
| No. Stories | 6 |
| Year Built/Renovated | 1909/1986 |
| Zoning | C5-2.5 - Central Commercial District with continuous retail frontage intended for offices and retail establishments that serve the entire metropolitan region. |
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Walk Score®
Walker's Paradise (99)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (81)
PROPERTY TAXES
| Parcel Number | 1291-0127 | Improvements Assessment | $956,700 |
| Land Assessment | $746,550 | Total Assessment | $1,703,250 |
PROPERTY TAXES
Parcel Number
1291-0127
Land Assessment
$746,550
Improvements Assessment
$956,700
Total Assessment
$1,703,250
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57 E 55th St
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