The former Hit Factory building at 421 West 54th Street between Ninth and Tenth Avenues has been acquired by Sagamore Capital LLC of Carefree Arizona, and will be converted to residential condominiums.
The attractive, 6-story, red-brick, mid-block building was probably the world's most famous recording studio where John Lennon recorded "Double Fantasy," his last album, Paul Simon worked on his "Graceland" album and Bruce Springsteen and the E Street Band recorded "Born in in the U.S.A."
Other musicians who used the Hit Factory over the years include Michael Jackson, Stevie Wonder, David Bowie, Billy Joel, and Madonna.. In 1994, 41 songs that won Grammy nominations were recorded at The Hit Factory.
The 100,000-square-foot studio facilities closed earlier this year.
The Hit Factiory was started in 1968 by Jerry Ragavoy and was purchased in 1975 by Eddie Germano, who moved it to this location in 1991.
Arpad Baksa is the architect for the conversion.
The building has a handsome, polished granite base with an arched entrance, a large lobby and large multi-paned windows.
The attractive, 6-story, red-brick, mid-block building was probably the world's most famous recording studio where John Lennon recorded "Double Fantasy," his last album, Paul Simon worked on his "Graceland" album and Bruce Springsteen and the E Street Band recorded "Born in in the U.S.A."
Other musicians who used the Hit Factory over the years include Michael Jackson, Stevie Wonder, David Bowie, Billy Joel, and Madonna.. In 1994, 41 songs that won Grammy nominations were recorded at The Hit Factory.
The 100,000-square-foot studio facilities closed earlier this year.
The Hit Factiory was started in 1968 by Jerry Ragavoy and was purchased in 1975 by Eddie Germano, who moved it to this location in 1991.
Arpad Baksa is the architect for the conversion.
The building has a handsome, polished granite base with an arched entrance, a large lobby and large multi-paned windows.
Architecture Critic
Carter Horsley
Since 1997, Carter B. Horsley has been the editorial director of CityRealty. He began his journalistic career at The New York Times in 1961 where he spent 26 years as a reporter specializing in real estate & architectural news. In 1987, he became the architecture critic and real estate editor of The New York Post.
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