Community Renewal

Community Renewal

Learn about Building for the Arts’ history of community renewal.

Current Rental Opportunities:

Office Space Rentals

Residential Rentals

Commercial Leases

Since 1976, Building for the Arts (formerly 42nd Street Development Corporation) has played a key role in the community renewal of Hells Kitchen, revitalizing the neighborhood with accessible performing arts at the center of this transformation.

Over the years, working together with Hells Kitchen community leaders, the City of New York, the Port Authority, local arts organizations, and patrons of the arts, we anchored the transformation of West 42nd Street by developing the theaters, restaurants, and apartments known as Theatre Row, and advocating for the designation of Manhattan Plaza into affordable housing for performing artists.

Today, we continue our decades-long commitment to transforming communities through the performing arts. Our mission extends to partnerships with organizations, businesses, agencies, and public representatives to increase the community’s access to the performing arts and improve the quality of life in our community.

Building for the Arts offers a unique mix of programming that includes Community Renewal through partnerships, office space rentals, residential housing, and commercial leases.

Together with you, we are truly building for the arts. 

Office Space Rentals

There are currently no office rental opportunities.

Residential Rentals

414 West 42nd Street, 5th floor walk up

1 bed/1bath, 290 sq. ft.

Situated above charming French restaurant and piano bar, Chez Josephine, this building is walking distance to dozens of restaurants, retail, specialty food stores and is in the heart of one of NYC’s premiere Off-Broadway districts. Easy access to Port Authority and subway at the 42nd St stop includes A, C, E, 1, 2, 3, 7, S, N, Q, R, and W trains.

This is a rent stabilized apartment. The tenant may choose between a one- or two-year lease. Security deposit equal to one months’ rent due upon signing.

1-year lease: $1913.57/month

2-year lease: $1904.31/month for the first year, then $1965.25/month for the next year.

For more information, please contact us at rentals@bfany.org.

Commercial Leases

There are currently no commercial lease opportunities.