This is a RARE Investment OPPORTUNITY to own a fully occupied rental building.


Property

Website:https://www.nestseekers.com/4779482
Address:
445 West 36th Street
New York, NY 10018
Cross street:Ninth Avenue
Type:Low-rise
Era:Post-war
Floors:6
Ownership: income-property
Bedrooms: Studio
Bathrooms: 1

Financials

Price:$12,998,000
Real estate tax:$164,304

Description

This is a RARE Investment OPPORTUNITY to own a fully occupied rental building. The building, which is well run, is in walking distance to the Hudson Yards, with all its amenities, shopping and restaurants. The building is nestled between many new buildings on 36th street and just around the corner from the long-established Glass Farmhouse Condo along with the Baryshnikov Arts Center on West 37th. The property is a 25 ft wide, 6 story fully occupied building that was built in 1900. It currently has 24 rental apartments. Each apartment is a studio and 2 of the ground floor units share outdoor space. Several units have been renovated; The basement is well maintained with all updated utilities. This could also be a great New Development opportunity. There is only one rent stabilized apartment and the remaining 23 apartments command fair market rent. Zoning permits the add on of more floors to the building. There is 6,639 ft of unused buildable area. The Zoning is: R8A Building sqft: 8,214 Lot dimensions: 25' x 98.75' Building dimensions: 25' x 51. Rent Roll, Income and Expenses available upon request.

Amenities

  • Voice Intercom

Contact

594 Broadway, New York, NY 10012, USA
Listing Courtesy of Compass

445 West 36th Street New York NY 10018 USA