JLL has been exclusively retained to market for sale 539 West 54th Street, an outstanding development opportunity located between 10th and 11th Avenues, along the border of Hell’s Kitchen and Lincoln Square on Manhattan’s west side. Currently known as the Centro Maria, 539 West 54th Street is improved by a 5-story convent and religious establishment totaling approximately 43,500 square feet. The existing structure consists of dorm style rooms, common area spaces, a cafeteria and chapel.
The property features an impressive 125’ of frontage and is situated within an R8 zoning district, allowing for residential and/or community facility development. The as-of-right residential FAR is 6.02, or approximately 75,566 buildable square feet and the community facility FAR is 6.5 or approximately 81,591 buildable square feet.