254 West 54th Street, Manhattan
Commercial · built c. 1926 · Block 1025, Lot 58.
Building permits
- Alteration, filed Aug 12, 2026, estimated cost $120K, described as “Interior renovation and modification of existing tenant space, Use Group 6, on 11th floor to include minor partition work, lighting, plumbing and interior finishes. No change to use egress or occupancy.”
- Alteration, filed May 8, 2023, estimated cost $15K, described as “Proposed installation of temporary pipe scaffold as per plans. Work shall comply with chapter #33 of the NYC building code. No change in use, occupancy, or egress under this application.”
- Alteration, filed May 8, 2023, estimated cost $5K, described as “Proposed installation of heavy duty sidewalk shed as per plans. Live load 300 lbs per square feet. Sidewalk shed shall comply with chapter #33 of the NYC building code. No change in use, occupancy, or egress under this application.”
- Alteration, filed Oct 29, 2021, estimated cost $26K, described as “Paa to show as-built conditions: relocation of 24" manhole.”
Property taxes
- Assessment
- $8,765,550
- 2026–27 tax
- $950,887
- Market value (city estimate)
- $19,479,000
- Taxable value
- $8,765,550
- Assessed land
- $1,250,100
- Assessed improvements
- $7,515,450
Zoning
C6-5: floor area ratio 10.16 built, above the 10.00 base zoning allows, which bonuses, transfers or older rules can permit.
Flood zone
Current FEMA flood map: zone X, minimal flood hazard.
Board and land use applications
- Studio 54 Rehabilitation and Text Amendment (City Planning 2024M0193): Zoning text change, Special permit, In Public Review, filed Dec 16, 2025. A special permit as modified by a zoning text amendment to facilitate the rehabilitation of a listed theater in the Theater Subdistrict of Midtown Manhattan, Community District 5.
- REGENT TOWER (City Planning P2000M0369): Completed, decided Nov 14, 2000. 00DCP065M: SPECIAL PERMIT TO REPLACE AN EXISTING 450-SPACE PUBLIC PARKI NG GARAGE ON THE EAST SIDE OF EIGHTH AVENUE BETWEEN WEST 53R D AND 54TH STREET; Additional Other #(s): 99DCP051M
- REGENT TOWER/STUDIO 54 (City Planning P2000M0156): Completed, decided Jun 20, 2000. 99DCP051M: SPECIAL PERMIT IS BEING SOUGHT UNDER 81-745 OF THE ZR FOR A 4.4 FLOOR AREA BONUS FOR REHABILITATION OF THEATER UNDER NYC 'S DCP'S THEATER SUBDISTRICT ZONING
In the news
Renovations Approved for Studio 54 Theater At 254 West 54th Street in Midtown, Manhattan, New York YIMBY, Jun 6, 2026.