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A blog from CityRealty (Links below will take you to the 6sqft site)

The Hit Factory, 421 West 54th Street

Between 54th Street & 55th Street

Description of The Hit Factory

The Hit Factory was built in 1928, converted to condos in 2006, and named in honor of its history as a recording studio that counted The Beatles, Madonna, and Bruce Springsteen among the luminaries that were there. In 1994, 41 Grammy nominations were awareded to songs that were recorded, mastered, or mixed in its state-of-the-art facilities.

The seven-story, 27-unit building is located in the heart of Hell's Kitchen near popular restaurants, nightlife, culture, and transportation. It is staffed by a part-time doorman, and amenities include a package room, parking garage, fitness center, storage, and roof deck. Investors, pied-a-terres, and pets are welcome.

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Building Facts

  • Year Built 1928
    Converted Year 2006
    Building Type Condominium
    Neighborhood Midtown West
  • Total Apartments 27
    Total Floors 7
    Doorman FT Doorman
    Pets Allowed

Apartment Pricing Stats

Avg. Price / ft2

Building Amenities

  • PT Doorman
  • Pre War
  • Resident Storage
  • Full Service Garage
  • Rooftop Terrace
  • Video Intercom
  • Washer/Dryer in building
  • Elevator
  • Mail Room
  • Fitness Center

The Hit Factory: Rating

17
Out of 44

Architecture Rating: 17 / 44

+
21
Out of 36

Location Rating: 21 / 36

+
16
Out of 39

Features Rating: 16 / 39

+
8
=
62

CityRealty Rating Reference

 
Architecture
  • 30+ remarkable
  • 20-29 distinguished
  • 11-19 average
  • < 11 below average
 
Location
  • 27+ remarkable
  • 18-26 distinguished
  • 9-17 average
  • < 9 below average
 
Features
  • 22+ remarkable
  • 16-21 distinguished
  • 9-15 average
  • < 9 below average
 

Carter Horsley's Review of The Hit Factory

Carter Horsley's Building Review
"In 2006, this building, which was The Hit Factory, one of the world's most famous recording studios, was converted to 27 residential condominiums.

Such musicians as John Lennon, Stevie Wonder, Billy Joel, the Rolling Stones, Madonna, U2 and others recording many of their most famous and popular albums in this red-brick building between Ninth and Tenth Avenues." Read Carter's Full Review
Pros
  • Famous building
  • "Tea for Two" bathtubs
  • Keyed entry elevators
  • Fitness center
  • Roof deck
  • Color video intercom and security systems
  • High ceilings
  • Very attractive lobby
  • Garage
Cons
  • No balconies
  • No sidewalk landscaping

Broker & Buyer Comments

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Subways

  1. E
  2. C
at 8th Ave and 51st 0.32 miles
  1. 1
  2. B
  3. D
  4. A
at Columbus Circle 0.35 miles
  1. N
  2. Q
  3. R
at 7th Ave 0.42 miles
 

Sales Summary - Past 12 Months

View By Apartment Sizes
Past 12 Months
$1,323
Avg. Price / ft2
Based on 2 Sales
 

Closing History - Last 10 sales

10
Units Sold
$1.3M - $6.2M
Price Range
$1,360
Avg. Price / ft2

Pricing Comparison of Similar Buildings

View Detailed Comparison

In The Neighborhood: What’s Available & Sales Stats

Data is based on sales from past 12 months and only transactions for which we have approximate square footage information available are included above
Not enough data available to generate chart.
  • 653 Total Sales
  • $1,660 Avg. Price / Ft2
  • $2,934,828 Avg. Price
  • $1,200,000 Median Price
  1. Most Expensive 220 Central Park South Apt 60-61 | $157,500,000
    Price / ft2 $13,269
  2. Least Expensive Carnegie House Apt 12-I | $130,000
    Price / ft2 $200

Similar Buildings

 
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For More Information
Are you ready to tour The Hit Factory?
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