A Five Story, Prewar Mixed Use building, one commercial and 5 Free Market residential units.


Property

Website:https://www.nestseekers.com/5358211
Address:
314 West 52nd Street
New York, NY 10019
Cross street:Eighth Avenue
Type:Townhouse
Era:Post-war
Floors:5
Ownership: income-property
Rooms: 9
Bedrooms: Studio

Financials

Price:$5,750,000
Real estate tax:$132,213

Description

A Five Story, Prewar Mixed-Use building, one commercial and 5 Free Market residential units. The property has a restaurant on the ground floor, which has access to the basement and back and side yard. The second floor, fourth and fifth floor has one apt, all oversized two bedroom and two bath apartments. The third floor has two units; one studio apt and one bedroom apt with terrace. All apartments have full kitchen and full bathroom and metered for electric only. (all units have electric stoves) This walk up building has gas furnace for heat and electric hot water heaters.

The property is a prime investment opportunity , since the units are free market. The added value is to possibly convert the larger apartment into three bedrooms, and/ or adding their own HVAC to each apartment.

Located in the heart of Midtown West, steps away from Times Square, Central Park, 9th Avenue restaurants and most subway trains.

Amenities

  • Voice Intercom
  • Walk-up

Contact

594 Broadway, New York, NY 10012, USA
Listing Courtesy of Douglas Elliman Real Estate

314 West 52nd Street New York NY 10019 USA