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Newest Manhattan Residential Asset for Namdar Realty Group

Namdar Realty Group has added a new Manhattan Residential asset to their property portfolio. Namdar Realty Group closed on this property on April 4, 2023.

Property Address:
550 W. 54th Street
New York, NY 10019

GLA: 144,328 Sq. Ft.

Built in 2012; This is a 162-unit Residential multi-family Condominium in the upper floors (22-32) of a Building Complex called "Mercedes House". It is located in the heart of Manhattan’s thriving Midtown West between 10th & 11th Avenues, offering residents unobstructed west-facing views of the Hudson River, further accentuated by the property‚Äôs glass facade and floor-to-ceiling windows. The modern glass tower’s dynamic silhouette, which is accented by cascading green roof terraces, imposes a striking statement along the Manhattan skyline. Though many Midtown commuters can easily walk to work, the property offers seamless access to public transit, with nearby access to major subway lines (A, B, C, D, E, 1, N, Q, R), crosstown buses, and multiple Citibike stations adjacent to the building.

Namdar owns and operates retail property throughout the United States.
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