324-326 West 47th Street, New York, New York, 10036

324-326 West 47th Street
New York NY 10036

Cross street:Eighth Avenue

Building

Type:Low-rise
Era:Post-war
Floors:5

Property

Ownership: Mixed Use
Rooms: 40
Bedrooms: 20 BR
Bathrooms: 20
Pets: Pets Unknown

Financials

Price: $22,000,000
415 Madison Avenue New York, NY 10017
Courtesy of Compass

Description

324-326 West 47th Street offers a unique opportunity for investors consisting of two five-story buildings with a combined 56ft of frontage and zero open violations. There are 4 commercial and 36 residential units total with 4 being rent-stabilized and one rent-controlled along with a shared laundry room accessed through a private key fob entry. Additional upside includes below-market rents and an estimated 11,970sf of unused residential FAR (air rights and usage will need to be verified by the buyer). Ideal for a turnkey investment, all free-market units have been gut-renovated within 10yrs along with the facade in 2018. Anchored between 8th and 9th avenues, location is ideal as Times Square, Port Authority, Rockefeller Center, and the Theatre District are within the immediate vicinity. Contact us today for more information and a private tour.

Amenities

Laundry Room;

  • Laundry Room
  • Voice Intercom
  • Walk-up

Neighborhood

More listings:

324 326 West 47th Street offers a unique opportunity for investors consisting of two five story buildings with a combined 56ft of frontage and zero open violations.

Description

324-326 West 47th Street offers a unique opportunity for investors consisting of two five-story buildings with a combined 56ft of frontage and zero open violations. There are 4 commercial and 36 residential units total with 4 being rent-stabilized and one rent-controlled along with a shared laundry room accessed through a private key fob entry. Additional upside includes below-market rents and an estimated 11,970sf of unused residential FAR (air rights and usage will need to be verified by the buyer). Ideal for a turnkey investment, all free-market units have been gut-renovated within 10yrs along with the facade in 2018. Anchored between 8th and 9th avenues, location is ideal as Times Square, Port Authority, Rockefeller Center, and the Theatre District are within the immediate vicinity. Contact us today for more information and a private tour.

Amenities

Laundry Room;

  • Laundry Room
  • Voice Intercom
  • Walk-up

Neighborhood

More listings:

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.