548-554 22Nd St, New York, NY 10011

RARE CHELSEA FULL BUILDING & DEVELOPMENT OPPORTUNITY BETWEEN THE HIGH LINE AND HUDSON RIVER PARK.
548 West 22nd Street is a stunning ‘Blank Slate’ masonry construction property with flexible zoning use, 45,000 square feet of interior space, a car-port elevator servicing every level, and approx. 35,000 square feet of buildable air rights. Nestled between the Chelsea Highline and the Hudson River Greenway, this exceptional redbrick building was constructed in 1920 and was a former art center. At the building’s core, there is a curb cut, drive-in capability, and a car lift to every floor including the fully finished and landscaped roof. Every level is completely open with dramatic floor-plates spanning approx. 10,000 square feet and ceiling heights ranging from 15.5 feet to nearly 18 feet. Natural light floods these dramatic spaces throughout the day from the building’s authentic arch-wrought iron windows.
The building has 4,000 AMP power and is well suited to handle high capacity for regular and electric vehicles on every level. The rooftop is fully finished and boasts stunning views of the Hudson River and Chelsea skyline. 548 West 22nd Street is in one of the most desirable areas in Manhattan. The building is moments from an abundance of trendy dining and nightlife options, as well as renowned art galleries. It is also close to the High Line, Chelsea Piers, Hudson River Greenway, Little Island, Chelsea Market, the Whitney Museum of Art, Meatpacking District, and Hudson Yards.
PRELIMINARY ZONING ANALYSIS
548 West 22nd Street can flex as a residential building, an office, a gallery or event space, a retail location, or a combination residential-commercial property. Current zoning is M1-5/C6-3/West Chelsea Special District. Requirements for the West Chelsea Special District would override those of C6-3 or its residential R9 equivalent. The allowable ZFA is approx. 74,000 square feet.
RESIDENTIAL OPTION #1:
With option 1, developers leverage the existing structure and maintain the existing ZFA. The first floor (9,500 square feet) becomes a commercial or retail space, while the upper levels (28,500 square feet) and rooftop are dedicated to residential units and amenities.
RESIDENTIAL OPTION #2:
With option 2, developers have the opportunity to build an eight or ten-story tower using the existing structure as a base. The first floor will be for commercial or retail, while the upper levels (64,000 square feet) become residential and amenity spaces.
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