Highlights
• User Potential - The property offers a range of potential uses, including an exclusive private club, a single family mansion, a high-end restaurant, a boutique hotel, a cigar club, a consulate or embassy, or a combination of these uses. • Brand & Legacy Value - An internationally recognized address with a 120-year history of cultural significance, the property carries a wealth of built-in exposure. • Market Timing - Demand for exclusive membership clubs is growing, alongside a resurgence in private dining and entertainment venues. Additionally, New York City’s tourism sector is stronger than ever, further supporting the viability of these uses. • Operational Flexibility - The property holds existing certificates of occupancy for multiple uses and features an established entertainment and food service infrastructure. Its flexible floor plans support various concepts, offering the opportunity to phase improvements and incorporate mixed-use programming. • Strong Market Fundamentals - Situated in one of Manhattan's most exclusive submarkets, the property benefits from consistently strong luxury retail and hospitality performance, an extremely high-net-worth residential population, and a strong corporate presence driving business demand.
Description
BKREA has been exclusively retained to arrange the sale of 57 East 55th Street, an iconic limestone building that has housed the legendary Friars Club for over a century. Property Overview : • Size: 14,541 SF across five floors. • Frontage: 33 feet along East 55th Street. • Rich History: Former home to entertainment icons such as Frank Sinatra, Jerry Lewis, Dean Martin, Milton Berle, and Johnny Carson. Prestigious Midtown Location : • Surrounded by world-class retail: Steps from Louis Vuitton, Gucci, Prada, Tiffany & Co. • Exceptional dining nearby: Close to Avra and The Modern at MoMA. • Convenient transit access: Near the E, M, 4, 5, and 6 subway lines. Unmatched Potential & Flexibility : • The Friars Club presents a once-in-a-lifetime opportunity to acquire a piece of NYC’s cultural and architectural history. Possible redevelopment options include: • Continuation as a private club, preserving its legacy. • High-end restaurant or fine dining venue. • Conversion into a luxury single-family mansion. • Consulate or embassy use, capitalizing on its prime location. Investment Highlights : • Rare ownership opportunity in Midtown Manhattan. • Significant historic and architectural value. • Flexible zoning allows for multiple high-end uses. With its storied past, prime location, and endless potential, 57 East 55th Street is a trophy asset in one of the world’s most coveted neighborhoods.
Listing Details
- Space Type
mixed-use
- Sub Category
mixed-use-other
- Date Listed
3/21/2025
Property Specifics
- Property Name
Friars Club | 57 E 55th St
- No of Buildings
1
- No of Stories
5
- Building Size
14,514 SF
- Lot Size
3,317 SF