367 W 48th St - Apartments FOR SALE


New York, NY 10036- Hell's Kitchen
$3,999,000 USD
917-250-0290
367 W 48th St, New York, NY for Sale
$3,999,000 USD
Apartments - FOR SALE
1/3
null | 5.3% Cap Rate

367 W 48th St
New York, NY 10036
Hell's Kitchen


OVERVIEW

We are pleased to offer the sale of 367 West 48th Street. This well-maintained building features seven (7) free-market apartments and is fully leased, with long-term management in place. The property presents multiple value-add opportunities, including potential for an owner-occupant with live-in income, as well as rental upside across the existing units. Conveniently located near major transportation, retail, and neighborhood amenities, this is a strong investment opportunity with flexible use potential. For more information or to view the offering memorandum, please reach out.

FOR SALE DETAILS

PRICE

$3,999,000 USD

PRICE/SF

$702 USD /SF

# OF UNITS

7

PRICE/UNIT

$571,286

CAP RATE

5.3%

% LEASED

100%

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

0.03 AC

LAND SF

1,307 SF

ZONING

R8

APN/PARCEL ID

1039-0006

ASK ABOUT THIS PROPERTY

Shane BoyleCompassMore Info
917-250-0290

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Shane BoyleCompassMore Info
917-250-0290

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