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554-568 Eighth Ave
New York, NY 10018 Garment District

$85,000,000 USD

Office For Sale  •  330,000 SF

Property Details

  • Property Type Office
  • Total Building Size 330,000 SF
  • Lot Size 0.36 AC
  • Building Class B
  • Year Built 1924
  • Tenancy Multiple
  • Zoning M1-6
100 Transit Score
100 Walk Score

Highlights

100% Vacant, 21-Story, Corner Office Building
Ideal for Class B Office / End Users in Center of Midtown South Mixed-Use Plan (“MSMX”) Rezoning
Substantial Scale: 310K Rentable SF (281K Office RSF / 28.5K Retail RSF) - 232’ of Wraparound Corner Frontage with Multiple Setbacks / Terraces
Excellent Base Building Condition with Substantial Recent CapEx Invested (~$15M)
New Retail Boxes with Plans for 5 Units Across Ground Floor, 2nd Floor & Lower Level
Unrivaled Transit-Oriented Location (Port Authority / Penn Station / Entrance to 12 Subway Lines Within a 3-Min Walk)

Amenities

  • Air Conditioning

Public Transportation

Commuter RailDriveWalkDistance
Ny Moynihan Train Hall At Penn Station (Crescent - Amtrak, Ethan Allen Express - Amtrak, Keystone Service - Amtrak, Lake Shore Limited - Amtrak, Northeast Regional - Amtrak) 2 min 6 min 0.3 mi
New York Penn Station (Njt) (Babylon Branch - Long Island Rail Road, Far Rockaway Branch - Long Island Rail Road, Hempstead Branch - Long Island Rail Road, Long Beach Branch - Long Island Rail Road, Montauk Branch - Long Island Rail Road, Montclair-Boonton Line - Long Island Rail Road, Morris & Essex Gladstone Branch - Long Island Rail Road, Morris & Essex Morristown Line - Long Island Rail Road, North Jersey Coast Line - Long Island Rail Road, Northeast Corridor Line - Long Island Rail Road, Port Jefferson Branch - Long Island Rail Road, Port Washington Branch - Long Island Rail Road, Ronkonkoma Branch - Long Island Rail Road, West Hempstead Branch - Long Island Rail Road) 1 min 8 min 0.4 mi
Transit/SubwayDriveWalkDistance
34 Street-Penn Station (A,C,E Line) (A - New York MTA Subway (The Subway), C - New York MTA Subway (The Subway), E - New York MTA Subway (The Subway)) 1 min 3 min 0.2 mi
42 Street-Port Authority Bus Terminal (A - New York MTA Subway (The Subway), C - New York MTA Subway (The Subway), E - New York MTA Subway (The Subway)) 1 min 4 min 0.2 mi
34 Street-Penn Station (1,2,3 Line) (1 - New York MTA Subway (The Subway), 2 - New York MTA Subway (The Subway), 3 - New York MTA Subway (The Subway)) 1 min 6 min 0.3 mi
Times Sq-42 St (Broadway Express - Q - MTA New York City Transit, Broadway Local - N - MTA New York City Transit, Broadway Local - R - MTA New York City Transit, Broadway Local - W - MTA New York City Transit) 2 min 6 min 0.4 mi
34 St-Herald Sq (Broadway Express - Q - MTA New York City Transit, Broadway Local - N - MTA New York City Transit, Broadway Local - R - MTA New York City Transit, Broadway Local - W - MTA New York City Transit) 2 min 9 min 0.5 mi
AirportDriveWalkDistance
LaGuardia 18 min - 9.2 mi
Newark Liberty International 20 min - 14.2 mi
John F Kennedy International 26 min - 17.2 mi
Hall Oster 443-695-0345 JLL
Hall Oster 443-695-0345 JLL