Extremely Rare Offering
Own New York's Thriving Music Production Hub and a Piece of Music History.
Available for purchase are a legendary, world class recording studio business called Avatar Entertainment Corporation (known as Avatar Studios) and a four-story building in Midtown West, Manhattan, New York City that houses the studios. They are being sold together.
The recording studios was originally built in 1977 as The Power Station and became Avatar Studios in 1996. During the last 38 years, over 400 Gold and Platinum albums - from jazz, rock to classical - have been recorded at this facility. It is considered one of the top recording studios in the world and one of the last great recording studios in New York City. The studio continues to be busy today serving Broadway, media & advertising companies, and the film & music industries in the Media Capital of the World.
The property is located in the C6-2 zoning district within the Special Clinton District which provides for an FAR of 4.2. Based on an approximate existing land area of 7,537 square feet and an FAR of 4.2, a gross building area of up to approximately 31,655 +/-_square feet can be constructed. The existing building contains an above grade gross building area of approximately 23, 325 +/-. Consequently, there are approximately 8,330 +/- square feet of unused development rights available to the subject property. (Please note that the foregoing is subject to independent verification by any interested party.) The existing building also contains a basement below grade which is approximately 6,408 square feet in size.
Price Available Upon Request.
441 West 53rd Street, New York, NY 10019
North side of West 53rd Street between 9th and 10th Avenues
Clinton section of Manhattan, New York County, New York
Tax Map Designation:
Block 1063, Lot 8
Approximately 7,537 square feet
Approximately 75 linear feet along West 53rd Street
C6-2 / Special Clinton District - City of New York
Midtown West Location
New York’s Manhattan Midtown (Midtown: Madison/5th Avenue) is the world’s third most expensive office market, after London and Hong Kong.
To the South:
There has been a surge of development from the Meatpacking District to Chelsea, where Google has its huge offices, and north along the High Line that was just extended to 34th Street ending in Hudson Yards Redevelopment Project near Javits Convention Center.
To the North & West:
Beginning from 72nd Street, a row of high-rise condominiums have been built along the Hudson River front and construction continues on the west side moving southward into the high West 50s.
To the East:
At “Billionaire’s Row” on Midtown’s 57th Street, seven luxury towers are in construction within a six-block radius looming over Central Park. Columbus Circle (where Mandarin Oriental Hotel is located) is a short walk away as well as cultural institutions like The Metropolitan Opera House, Jazz at Lincoln Center and Alvin Ailey American Dance Theater.
Subway lines 1, B, C, E that run along the west side is close by, and the Port Authority Bus Terminal on 42nd Street and Penn Station (access to Amtrak and Long Island Railroad) on 34th Street are a couple of stations away.