Two-Story Building Offers Flexibility for Uses Ranging from Automotive to Manufacturing

ABS Partners Real Estate, a leading New York City-based real estate firm, today announced it has been tapped to market a 20,000-square-foot flexible drive-in warehouse building at 539 W. 47^th St. in the heart of Manhattan’s Auto Row. The property has legal nonconforming use status which permits all uses in Use Groups 6-17 and is the only two-story drive-in garage in the immediate area with a Certificate of Occupancy that allows non-public parking uses. The building can accommodate uses including retail, manufacturing, warehousing, automobile showroom and repair. Ryan Cerqueira and Randy Modell of ABS Partners are leading the marketing effort.

“As Hudson Yards development continues, Auto Row is experiencing a ripple effect influx of residential, office and retail development and, with that, comes added foot traffic and an increase in vehicular traffic,” said Cerqueira of ABS. “While high-end office towers are rising in the area and auto showrooms continue to thrive, the uses for this building are virtually unlimited. It’s a truly unique find in an area that has become a destination for residents and visitors alike.”

With auto dealers from Toyota, Chrysler and Mitsubishi to Bentley, Mercedes and Land Rover around the the building, 539 W. 47 ^th St. is well-suited for an automotive use while proximity to the Lincoln Tunnel and the Port Authority makes the location ideal for shipping/receiving, and light manufacturing.

“The layout and the shell of the building are flexible enough that the space can be reimagined beyond its current use,” continued Cerqueira. “Shared manufacturing or technology spaces are growing in popularity and the prime location would also be perfect for a vehicle and equipment storage for tenants seeking quick access to New Jersey and points west.”

Generous column spacing with 10,000 square feet on each of the two floors round out the notable features at 539 W. 57 ^th St.

About ABS Partner Real Estate

ABS Partners Real Estate is a leading New York City based real estate firm dedicated to building lasting real estate and professional partnerships. Our team maintains a focus in two areas: providing services which add value in leasing, investment sales, property management, construction management and advisory; and organizing opportunities for our clients to participate in the ownership of real estate.