Property

Ownership: For Sale
Type: Unknown
Bedrooms: 7 BR
Bathrooms: 4
Pets: Pets No

Financials

Price:$675,000
Annual Taxes:$11,960
44 W 24th St, New York, NY 10010, USA
Phone:
Listing Courtesy of Andrew J. Freerks

Description

Rare opportunity to own a fully updated, semi-detached historic gem! This beautifully restored side-by-side two-unit property (4 units total) blends timeless charm with modern upgrades. Built in the 1810s and recently renovated from top to bottom, the buildings feature new roofs, updated mechanicals, newer electrical and plumbing systems, and fresh exterior paint. Each apartment boasts a unique layout, updated kitchens and baths, in-unit washer/dryers, and private outdoor space—including a brand-new deck. The unit mix includes a spacious 3-bedroom, a 2-bedroom, and two 1-bedroom apartments—all with well-proportioned bedrooms and great natural light. A perfect investment opportunity: all tenants are current on rent, and the 3-bedroom and one of the 1-bedrooms can be delivered vacant for owner occupancy or market-rate leasing. This turnkey property is a rare blend of historic character and modern convenience—ideal for investors or live-in owners seeking cash flow and long-term value. The properties are located in historic Hudson Square, which is centrally located with easy access to the state government buildings, Albany Medical Center, several parks, and the active bar/ restaurant scene on Lark Street. This area has a high demand for rentals, and demands high rent prices. Income and Expense Numbers: Expenses (we self manage): Taxes: $11,960 Insurance: $2,542 Vacancy (5%): $4,185 Cap X (2.5%): $2,092 Trash: $600 PLP: $840 Water: $1,000 Total Expenses: $23,219 Income: $83,700 Net: $60,481

Amenities

  • beamed ceilings
  • Decorative
  • First Floor Bedroom

Rare opportunity to own a fully updated, semi detached historic gem !


Long Island MLS

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.