- Commercial Condo, former theatre with 20’ ceilings

Adelaide Polsinelli, Vice Chair of Compass and the newly launched investment sales division, has been hired to sell a two story commercial condo, of approximately 3,500 sf, at 424 West 49th in Hell’s Kitchen, steps from Times Square.

The commercial unit occupies the first two floors of the condominium building. This unit has three separate entrances and elevator access. The space is flooded with natural light, delivered vacant, column free and ready for immediate occupancy. It was formerly occupied as a theatre with a full bank of skylights and exceptional acoustics. The musical, West Side Story, is claimed to have been written about this block. Theater experts declare the fight scene took place in the school yard across the street. In addition, the famous Cupcake Café, which many New Yorkers rave about was relocated to this block.

The property is ideally located between Ninth and Tenth Avenues, in the Hell’s Kitchen, area in New York City. Conveniently located to Worldwide Plaza, all Broadway theaters, remarkable restaurants and nightlife, this location is a tourist Mecca. The property is steps away from the subway, and Port Authority Bus Terminal.

Named for the notorious 19th century motorcycle gang, “Hell’s Kitchen” was once a part of town where few New Yorkers thought to live. Its gritty reputation and far-west location kept it under the radar. But today’s Hell’s Kitchen is a far cry from the image its name evokes. In the past ten years, developers and small business owners have planted roots in this up-and-coming neighborhood. With the production of Hudson Yards, The High Line and Time Warner Center, Hell’s Kitchen is a desirable neighborhood with a convenient location and rich culture.

“The area has become a magnet for the theatre industry, the arts, financial services and tech startups that are attracted to the neighborhood’s accessibility,” noted Adelaide Polsinelli. “This property is perfect for a user interested in being in Manhattan’s center of gravity,” continued Adelaide Polsinelli.

“The neighborhood has benefitted from the explosion of the city’s creative services’ sectors in recent years, and will remain in demand for years to come” concluded Polsinelli.

ABOUT COMPASS

Compass is a technology-driven real estate platform dedicated to creating a seamless and intelligent buying, selling, and leasing experience. Combining the country’s top agents, proprietary market insights, and integrated mobile and web technologies, Compass is developing the future of real estate decision-making. With $1 Billion in revenue, and $35 Billion in sales volume, Compass has 238 offices with locations in 122 markets, including New York City, Washington DC, Boston, Miami, Los Angeles, Santa Barbara, the Hamptons, and Aspen. New funding fuels international expansion, enhanced technology developments for agents and consumers. Compass was founded by Ori Allon, who sold two previous companies to Google and Twitter, and business partner Robert Reffkin, a former White House Fellow and Chief of Staff to Goldman Sachs’ President & COO.