453 WEST 50 STREET

For Sale - Manhattan - Hell's Kitchen / Clinton

$4,500,000

Net Operating Income: Contact Agent

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Key Details

Property Type
MultiFamily
Neighborhood
Hell's Kitchen / Clinton
Property Dimensions
25.0 x 60.0
Property Area
6,040 sq.ft.
Total Units:
14
Stories:
4
NOI
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Price
$4,500,000
Price Per Unit
$321,428
Cap Rate
-%

Listing Description

-The Property: 13-Unit, 25’ wide multifamily property spanning 6,040 square feet
-Rare Offering: First sale in roughly 40 years of ownership
-Future Value: 9,000+ Square feet of additional air-rights
-Flexibility: 6 units delivered vacant: 5 rent regulated studios + the 800 SF ground floor unit with full backyard
-Convenience: Located in Hell’s Kitchen, the property sits within close proximity to Times Square, Hudson Yards, Central Park, Time Warner Center, and Restaurant Row.  Within 5 blocks, there is seamless access to the 1, 2, A, C, E, B, and D subway lines.

Property Details

Block/Lot:
1060/6
Lot Dimensions
25.0 x 100.42
Lot Area
2,510 sq.ft
Zoning:
R8
FAR as Built:
2.41
Max FAR:
6.5
Logan MarkleyNew York Multifamily
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