351 W 47th St - Apartments FOR SALE


New York, NY 10036- Times Square
$5,500,000 USD
646-284-2026
351 W 47th St, New York, NY for Sale
$5,500,000 USD
Apartments - FOR SALE
1/16
null | 4% Cap Rate

351 W 47th St
New York, NY 10036
Times Square


OVERVIEW

Prime 8,250+ SF Residential Building in Hell’s Kitchen steps from Time Square Located in the heart of Manhattant, between 8th Avenue and 9th Ave, this exceptional 8,250+ square foot residential building is a prime investment opportunity. The Buiilding has had over $800,000 in upgrades in the last 3 years. Building Features: - 10Units Out of the 10 units, there are 5 free market apartments which have been fully renovated. In addition, one rent-stabilized unit (4F) has had a gut renovation in the last few years - One rent controlled unit will be delivered which is currently owner occupied High-Quality Upgrades: -New Boiler installed 2024 -New Virtual Intercom installed 2024 - New Cornice and facade 2023 - New Roof in 2022 - New Heating system converted to natural gas added new gas line 2024 -Electric Service Upgrade in 2024 - All New Service doors (5) Architectural plans to convert basement into rentable office space, onsite laundry and storage/ supers' office. Don't miss out on this rare opportunity to own a well maintained 10-unit semi detached building in one of Manhattan’s most desirable neighborhoods overlooking a park..

FOR SALE DETAILS

PRICE

$5,500,000 USD

PRICE/SF

$489 USD /SF

# OF UNITS

10

PRICE/UNIT

$550,000

CAP RATE

4%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

1920

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,178 SF

ZONING

R8

APN/PARCEL ID

1038-0007

ASK ABOUT THIS PROPERTY

Michal KurasMichal KurasMore Info
646-284-2026

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Michal KurasMichal KurasMore Info
646-284-2026

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.