NEW YORK | 3 East 54th Street | FT | FLOORS

ChiND · #1 Posted **May 16, 2024, 1:24 PM**

I have always wondered when this PRIME spot would be redeveloped. It appears from ACRIS that Cohen also owns the adjacent parking garage located at 13 E 54th St.

As per Property Shark, the office building has about 290k sf, and it’s unclear how much buildable space the garage has. Clearly, though, a reasonably tall condo or hotel could rise here.
https://www.crainsnewyork.com/real-estate/cohen-bros-files-demolition-permits-midtown-office-site

ChiND · #2 Posted **May 17, 2024, 3:35 AM**

It looks the like adjacent garage is coming down too!

https://a810-dobnow.nyc.gov/publish/Index.html#!/search

Crawford · #3 Posted **May 17, 2024, 4:22 AM**

Nice. Given the location, the replacement tower should be very high quality.

I could see a major residential/hotel tower here, maybe even a supertall.

ChiND · #4 Posted **May 17, 2024, 1:26 PM**

I agree, Crawford.

I wonder how many buildable square feet the garage adds to the 290k of the office building.

This should definitely be at least 800’ and maybe more.

mrnyc · #5 Posted **May 17, 2024, 2:31 PM**

good news. i mean talk about a building nobody will miss. yeesh.

ChiND · #6 Posted **May 17, 2024, 3:43 PM**

Quote:

Originally Posted by mrnyc

good news. i mean talk about a building nobody will miss. yeesh.

I agree. The garage next door too. This is such a super-prime area. A 5-star hotel and condos would do great here.

ChiND · #7 Posted **May 28, 2024, 12:51 PM**

I’d love to see something like this (but taller) rise here. Same with 405-417 Park, 347 Madison, and 415 Madison.

https://www.newyorkyimby.com/2024/05/fou...treet-on-manhattans-upper-east-side.html

Crawford · #8 Posted **May 28, 2024, 1:11 PM**

Yes, that would be very nice. Let's hope we get something of similar quality.

ChiND · #9 Posted **May 28, 2024, 1:23 PM**

Definitely. A RAMSA there would be in very high demand.

ChiND · #10 Posted **Jan 17, 2025, 2:05 AM**

https://nypost.com/2025/01/16/real-estate/a-look-at-the-latest-crop-of-towers-rising-in-nyc/

A look at the latest crop of top towers rising in NYC
By Lois Weiss
Published Jan. 16, 2025, 4:38 p.m. ET

As per Lois: "Cohen’s family-owned firm is also planning to demolish a squat, nine-story office building at 3-15 E. 54th St. and likely rebuild as condominiums."

Credit: Family Guy

ChiND · #11 Posted **Jan 23, 2025, 5:52 PM**

Hopefully, whoever acquires title (assuming that the foreclosure is successful) will continue the redevelopment. A very high-end hotel and condo would do very well here.

In any event, the foreclosure is, presumably, why demo has been in abeyance.

https://commercialobserver.com/2024/12/cohen-brothers-foreclosure-3-east-54th-street-debt/

Finance · Distress New York City
Cohen Brothers Facing Foreclosure at 3 East 54th Street Amid High Debt
By Isabelle Durso December 20, 2024 5:05 pm

Hoda Devane

Crawford · #12 Posted **Jan 23, 2025, 6:00 PM**

Good news. This is a fantastic location. Perfect for a residential or residential/hotel tower.

Busy Bee · #13 Posted **Jan 23, 2025, 6:13 PM**

Quote:

Originally Posted by ChiND

Hopefully, whoever acquires title (assuming that the foreclosure is successful) will continue the redevelopment. A very high-end hotel and condo would do very well here.

In any event, the foreclosure is, presumably, why demo has been in abeyance.

https://commercialobserver.com/2024/12/cohen-brothers-foreclosure-3-east-54th-street-debt/

Finance · Distress New York City
Cohen Brothers Facing Foreclosure at 3 East 54th Street Amid High Debt
By Isabelle Durso December 20, 2024 5:05 pm

Hoda Devane

That's a beautiful edifice. I'd love to see it landmarked.

ChiND · #14 Posted **Jan 23, 2025, 6:56 PM**

I respect your opinion.

Busy Bee · #15 Posted **Jan 23, 2025, 9:35 PM**

Man that was too easy. Next time I'll pitch my Verizon building landmarking idea.

ChiND · #16 Posted **Jan 23, 2025, 9:45 PM**

Quote:

Originally Posted by Busy Bee

Man that was too easy. Next time I'll pitch my Verizon building landmarking idea.

Busy Bee · #17 Posted **Jan 23, 2025, 10:04 PM**

Gary Coleman is one of the best little dudes that ever was, that's for sure. He had a kickass model railroad when he was older too.

streetscaper · #18 Posted **Jan 24, 2025, 12:55 AM**

Quote:

Originally Posted by Busy Bee

Man that was too easy. Next time I'll pitch my Verizon building landmarking idea.

ChiND · #19 Posted **Jan 24, 2025, 2:38 AM**

Quote:

Originally Posted by Busy Bee

Gary Coleman is one of the best little dudes that ever was, that's for sure. He had a kickass model railroad when he was older too.

He was great.

Now, the world don't move to the beat of just one drum,
What might be right for you, may not be right for some.
A man is born, he's a man of means.
Then along come two, they got nothing but their jeans.

But they got, Diff'rent Strokes. It takes,
Diff'rent Strokes. It takes,
Diff'rent Strokes to move the world.

ChiND · #20 Posted **Jul 14, 2025, 3:38 PM**

This foreclosure action is moving like molasses.

https://iapps.courts.state.ny.us/nyscef/ViewDocument?docIndex=Zp5clEqRdAIWzwd5jX8qzQ==