The Collection at Mercedes House
162 Luxury Penthouses in the Heart of Manhattan's Thriving Midtown West
Deal Type: Acquisition
Property Types: Multifamily
Cushman & Wakefield has been exclusively retained by Ownership to offer for sale the 100% fee simple interest in The Collection at Mercedes House (“The Collection” or the “Property”), comprised of 162 luxury penthouse apartments, featuring best-in-class physical features and inspiring amenities in the heart of Manhattan’s thriving Midtown West. Located at 550 West 54th Street between 10th and 11th Avenues, The Collection sits on the upper floors (22-32) atop Mercedes House, a Class A multifamily asset featuring a striking geometry of a glass and steel façade, bringing unforgettable beauty to the New York City Skyline.
With an impressive 97% occupancy, the Collection offers future Ownership the generational opportunity to acquire a stabilized collection of masterfully designed residential apartments. Moreover, following the expiration of the Property’s 421-a (1-15) abatement in June 2023, future Ownership will have a significant mark-to-market opportunity, particularly as The Collection features exclusively market rate units.
All inquiries should be directed to Cushman & Wakefield.