539 West 54th Street

Completed

Hell's Kitchen, Manhattan

Scale: $30M Exit
Type: Air Rights · Strategic Exit
Developer: Heletz Group

Acquired in 2021 for $25M. Identified significant unused air rights within a Large-Scale Residential Development dating back to 1972. Demolished, secured entitlements, filed tower plans. Profitable $30M exit in 2026.

Project Gallery

Return to Portfolio →

HELETZ

Built to last.

A vertically integrated real estate firm specializing in ground-up construction, luxury conversions, and strategic acquisitions across New York and Miami.

116-55 Queens Blvd, Suite 206
Forest Hills, NY 11375

718.268.0222 INFO@HELETZ.COM

Company

About
Leadership
Portfolio
Expertise
Tenant Portal ↗
Invest
Press
Contact

Expertise

Value Add
Luxury Home Building
Ground-Up Development
Development Rights & Assemblage
Property Management

Markets

New York
Miami
Brooklyn
Manhattan
Queens
Bronx
Staten Island
Long Island

Privacy Terms LinkedIn ↗