Expert Tenant Broker
We represent you, not the landlord
Rent/Lease Office 254 W 54th St
| $ / SF / Yr | SF | Monthly Rent |
|---|---|---|
| $ 49.5 |
Nearby Sublease office Spaces for Rent
| Address | $ / SF / Yr | SF | Monthly Rent |
|---|---|---|---|
| W 57th St & Seventh Avenue | $ 59 | 10,800 |
$ 53,100 |
| Broadway & West 51st Street | $ 29 | 56,200 |
$ 135,816 |
| W 57th St & Eighth Avenue | $ 60 | 11,500 |
$ 57,500 |
| Address | $ / SF / Yr | SF | Monthly Rent |
|---|---|---|---|
| W 57th St & Eighth Avenue | $ 39 | 5,000 |
$ 16,250 |
| Address | $ / SF / Yr | SF | Monthly Rent |
|---|---|---|---|
| Madison Ave & East 49th Street | $ 76.5 | 2,200 |
$ 14,025 |
| Address | $ / SF / Yr | SF | Monthly Rent |
|---|---|---|---|
| W 54th St & Eighth Avenue | $ 50 | 7,500 |
$ 31,250 |
| Address | $ / SF / Yr | SF | Monthly Rent |
|---|---|---|---|
| W 54th St & Eighth Avenue | $ 51 | 4,300 |
$ 18,275 |
| Address | $ / SF / Yr | SF | Monthly Rent |
|---|---|---|---|
| W 57th St & Avenue of the Americas | Negotiable | 2,300 |
Negotiable |
| Address | $ / SF / Yr | SF | Monthly Rent |
|---|
| Address | $ / SF / Yr | SF | Monthly Rent |
|---|
| Address | $ / SF / Yr | SF | Monthly Rent |
|---|
| Type of Space | Class A/month | Class B/month | Class C/month |
|---|---|---|---|
| Windowed office/person | |||
| Interior office/person | |||
| Team Rooms | |||
| Suites |
Nearby office Spaces for Rent
| Address | $ / SF / Yr | SF | Monthly Rent |
|---|---|---|---|
| Columbus Cir & West 58th Street | $ 87 | 13,000 |
$ 94,250 |
| W 57th St & Seventh Avenue | $ 97 | 10,900 |
$ 88,108 |
| Broadway & West 53rd Street | $ 71.5 | 10,800 |
$ 64,350 |
| 7th Ave & West 56th Street | $ 105 | 9,200 |
$ 80,500 |
| Address | $ / SF / Yr | SF | Monthly Rent |
|---|---|---|---|
| W 57th St & Seventh Avenue | $ 79 | 2,600 |
$ 17,116 |
| Columbus Cir & West 58th Street | $ 78.5 | 4,100 |
$ 26,820 |
| Broadway & West 54th Street | $ 95.5 | 5,700 |
$ 45,362 |
| Broadway & West 53rd Street | $ 49.5 | 3,300 |
$ 13,612 |
| Broadway & West 57th Street | $ 65 | 4,300 |
$ 23,291 |
| 7th Ave & West 56th Street | $ 85 | 2,900 |
$ 20,541 |
| W 56th St & Between Sixth Avenue | $ 100.5 | 3,500 |
$ 29,312 |
| Address | $ / SF / Yr | SF | Monthly Rent |
|---|---|---|---|
| Broadway & West 57th Street | $ 65 | 1,800 |
$ 9,750 |
| Address | $ / SF / Yr | SF | Monthly Rent |
|---|---|---|---|
| W 57th St & Avenue of the Americas | $ 55 | 8,700 |
$ 39,875 |
| W 54th St & Ninth Avenue | $ 55 | 16,500 |
$ 75,625 |
| Address | $ / SF / Yr | SF | Monthly Rent |
|---|---|---|---|
| Seventh Ave & West 54th Street | $ 49 | 4,100 |
$ 16,741 |
| W 57th St & Avenue of the Americas | $ 60 | 4,200 |
$ 21,000 |
| Address | $ / SF / Yr | SF | Monthly Rent |
|---|---|---|---|
| Seventh Ave & West 54th Street | $ 46 | 2,000 |
$ 7,666 |
| W 57th St & Seventh Avenue | $ 60 | 2,200 |
$ 11,000 |
| W 57th St & Avenue of the Americas | $ 61 | 1,500 |
$ 7,625 |
| Broadway & Between West 62nd Street | $ 54 | 2,200 |
$ 9,900 |
| Address | $ / SF / Yr | SF | Monthly Rent |
|---|---|---|---|
| W 60th St & Broadway | $ 45 | 13,800 |
$ 51,750 |
| W 52nd St & Ninth Avenue | $ 46 | 8,800 |
$ 33,733 |
| Address | $ / SF / Yr | SF | Monthly Rent |
|---|---|---|---|
| Broadway & West 53rd Street | $ 39 | 5,800 |
$ 18,850 |
| W 52nd St & Ninth Avenue | $ 49 | 4,200 |
$ 17,150 |
| Address | $ / SF / Yr | SF | Monthly Rent |
|---|---|---|---|
| W 52nd St & Ninth Avenue | $ 47.5 | 1,800 |
$ 7,125 |
Retail Spaces for Rent at 254 W 54th St
Rent Retail 254 W 54th St
Rent Medical Space at 254 W 54th St
- Young & Rubicam Group leased 124,760 SF at 3 Columbus Circle
- Scripps Networks LLC leased 120,721 SF at 1180 Sixth Ave
- Advance Publications leased 120,000 SF at 1166 Sixth Ave
- Gensler leased 119,414 SF at 1700 Broadway
- Convene leased 116,000 SF at 530 Fifth Avenue
- Bank of America leased 115,000 SF at 1133 Avenue of the Americas
- Dow Jones & Co. leased 115,000 SF at 1155 Sixth Ave
- Comcast leased 100,000 SF at 1407 Broadway
- Spaces leased 99,000 SF at 787 11th Avenue
- United Talent Agency leased 97,249 SF at 888 Seventh Ave
- Montenapo by Bice leased 5,274 SF at 620 Eighth Ave
- TD Americatrade leased 5,227 SF at 1155 Avenue of the Americas
- AT&T; leased 5,000 SF at 3 Times Sq
- TD Bank leased 4,662 SF at 224 West 57th St
- CRT Restaurant Inc. leased 4,525 SF at 110 West 40th St
- MedRite leased 4,200 SF at 330 West 42nd St
- New Balance leased 4,100 SF at 745 Seventh Ave
- Brooks Brothers leased 3,967 SF at 1270 Sixth Ave
- Pret A Manger leased 3,889 SF at 1071 Avenue of the Americas
- PF Chang's To Go leased 3,800 SF at 240 West 40th Street
| $ / SF | SF | Monthly Rent |
|---|---|---|
| Please notify me when a new space is available | ||
Why Optimal Spaces Tenant Broker
- Lease negotiation: full terms, renewals, expansion options
- Cost analysis, inventory identification, negotiating scope
- Risk mitigation against hidden pitfalls
Cost Savings
- Negotiate 30+ leasing points to prevent hidden costs
- Save 10–15% on total leasing costs
- Save 100–200 hours filtering unviable spaces
- Property access via broker databases and networks (off-market, subleases, future availability)
Alone or With Other Brokers
- Managing agents owe fiduciary duty to landlords, seeking maximum price and terms rather than tenant savings.
- Inherent conflict of interest as most brokers represent landlords
- Risk of weaker terms and overlooked hidden costs
- Heavy workload falls on you while best spaces are missed
254 West 54th Street Property Overview
| Building Address: | 254 W 54th St, New York NY 10019 |
| Building Name: | Studio 54 Building |
| Building Alternate Address: | 254 W 54th St |
| Zip Code: | 10019 |
| Neighborhood: | Columbus Circle |
| Borough: | Manhattan |
| Stories: | 17 |
| Year Built: | 1926 |
| Building Class: | B |
| Block & lot: | 01025-0058 |
254 West 54th Street in Manhattan, New York City, originally opened in 1927 as the Gallo Opera House. Designed by architect Eugene De Rosa, the building featured a 1,400-seat theater as part of a 16-story office building. The interior was designed by Ida Louise Killam with a gold, blue, and rose palette, including walnut paneling and a vaulted dome ceiling measuring 50 feet across. The theater originally contained lounges, promenades, and an opera museum below the main floors.
The Gallo Opera House opened with a production of La bohème by the San Carlo Grand Opera Company but faced financial difficulties after only a few years, leading to foreclosure in 1929. During the 1930s, the theater underwent several name changes and uses, including as the New Yorker Theatre and as a venue for the WPA Federal Music Project. It housed productions such as an all-black version of The Swing Mikado before falling vacant in the early 1940s.
Mid-century, the building was used by CBS as Studio 52 for radio and television broadcasts, with a seating capacity adjusted to 828 across three levels. In the late 1970s, the building gained international fame as Studio 54, a legendary nightclub that became a symbol of disco culture and nightlife, attracting celebrities and renowned figures of the era.
Following the nightclub era, the venue was reconverted back into a Broadway theater, currently operating with about 1,006 seats over two levels. The building stands as a significant cultural landmark in Midtown Manhattan, reflecting nearly a century of entertainment history from opera and theater to broadcast media and club culture.
254 West 54th Street, Manhattan, New York, NY 10019
Building Name: Studio 54 Building
Neighborhood: Theatre District - Times Square, Midtown Manhattan
Building Type: Office with Commercial
Building Class: B
Year Built: 1926
Stories: 17
Building Size: Approximately 60,000 - 83,000 square feet
Typical Floor Size: About 4,525 square feet
Ceiling Height: 12 feet (unfinished)
Lot Size: Approximately 5,906 square feet
Tax Information (2024-2025):
- Property Tax: $1,052,411
- Assessed Value: $9,789,300
- Market Value: $21,754,000
Amenities & Features
- 24 Hour Access
- Air Conditioning
- High Speed Internet Access
- Hardwood Floors
- Doorman
- Elevator
- Surface and Covered Parking available
Location Highlights
Situated in Midtown Manhattan, within walking distance to multiple subway lines:
- B, D, E lines at 7th Avenue (under 500 feet)
- C, E lines at 50th Street (0.13 miles)
- N, Q, R, W lines at 57th Street (0.13 miles)
- 1, A, C, B, D lines at 59th Street - Columbus Circle (0.15 miles)
Nearby parks include Central Park (0.26 miles) and Father Duffy Square (0.38 miles).
Close to cultural landmarks such as the Museum of Modern Art (MoMA) and Carnegie Hall.
- Residential Amenities (Apartments.com listing):
- 24-hour full service doorman
- State-of-the-art fitness center
- Resident's lounge
- Furnished sundeck
- Laundry facility
- No fee rentals
- Air conditioning
- Dishwasher
- Hardwood floors
- Granite countertops
- Stainless steel appliances
- Commercial Amenities (LoopNet/Optimal Spaces listings):
- 17-story office building (Class B)
- 24-hour access
- Proximity to bus/metro lines (7th Ave B/D/E subway under 500ft)
- Surface & covered parking options
- 4,525 SF typical floor size
- 12' unfinished ceiling height
- Cultural Amenities (54 Below):
- Broadway-themed supper club onsite
- Professional performance venue
- Fine dining establishment
Office Tenants at 254 W 54th St, Manhattan, NYC
- Richard Frankel Productions
- Prizmah: Center for Jewish Day Schools
- RAVSAK
Internet providers available at 254 W 54th St, Manhattan, NYC, include:
- AT&T U-verse: Offers reliable high-speed internet with download speeds up to 1 Gbps.
254 W 54th St, Manhattan, NYC is located near several transportation options:
Address: 254 W 54th St, Manhattan, NYC
Cross Streets: Broadway and 8th Avenue
Public Transportation:
- Subway: Closest stops include 50 St (1, B, D, W lines) and 57 St – 7 Av (N, Q, R, W lines).
- Bus: M104, M20, M31, M5, and QM10 buses are nearby.
- Train: PATH and other commuter trains are accessible via nearby routes.
Parking: Options available at nearby garages such as City Parking on 8th Avenue.
- Young & Rubicam Group leased 124,760 SF at 3 Columbus Circle
- Scripps Networks LLC leased 120,721 SF at 1180 Sixth Ave
- Advance Publications leased 120,000 SF at 1166 Sixth Ave
- Gensler leased 119,414 SF at 1700 Broadway
- Convene leased 116,000 SF at 530 Fifth Avenue
- Bank of America leased 115,000 SF at 1133 Avenue of the Americas
- Dow Jones & Co. leased 115,000 SF at 1155 Sixth Ave
- Comcast leased 100,000 SF at 1407 Broadway
- Spaces leased 99,000 SF at 787 11th Avenue
- United Talent Agency leased 97,249 SF at 888 Seventh Ave
- Montenapo by Bice leased 5,274 SF at 620 Eighth Ave
- TD Americatrade leased 5,227 SF at 1155 Avenue of the Americas
- AT&T; leased 5,000 SF at 3 Times Sq
- TD Bank leased 4,662 SF at 224 West 57th St
- CRT Restaurant Inc. leased 4,525 SF at 110 West 40th St
- MedRite leased 4,200 SF at 330 West 42nd St
- New Balance leased 4,100 SF at 745 Seventh Ave
- Brooks Brothers leased 3,967 SF at 1270 Sixth Ave
- Pret A Manger leased 3,889 SF at 1071 Avenue of the Americas
- PF Chang's To Go leased 3,800 SF at 240 West 40th Street
Recent News About 254 West 54th Street
Nuverse Advisor LLC Testimonial
Dear Stephen,
We would like to thank you for your assistance in helping us to arrange a sublet in Olympic Tower. My partners and I were determined to sublet a space that was fully furnished and equipped to our specifications at a fair market value. We utilized several different brokers, but we found that only you consistently found new sublet opportunities for us during the entire year of our search. When we began our search, prices for Class A office space in the Plaza District ranged from $80-150/RSF, by the end of our search the prices had fallen to $50-$85/RSF. Your hard work and tenacity at finding new listings allowed us to find the ideal space at the right price in Class A. Thanks for sticking with us.
Sincerely,
Elias Saal
Optimal Spaces negotiates tenant deals, typically securing 10-15% savings. We find the perfect commercial space in New York, offering a wide range of options: office, educational, industrial, retail, medical, and loft spaces.