Emmut Properties has acquired the two-story television studio at 433 West 53rd Street, in Hell’s Kitchen, for $25 million. The 10,000 square-foot block-thru property, with an address also at 442 West 54th Street, will be demolished for two six-story residential buildings, according to The Real Deal. The rental project will have over 60 residential units and could measure as large as 42,000 square feet. Neither a design firm nor a targeted completion date have yet been disclosed.
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