445 W 36th St - Apartments FOR SALE


New York, NY 10018- Hudson Yards
$12,998,000 USD
917-885-6988
445 W 36th St, New York, NY for Sale
$12,998,000 USD
Apartments - FOR SALE
1/14
null | Request Cap Rate

445 W 36th St
New York, NY 10018
Hudson Yards


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$12,998,000 USD

PRICE/SF

$1,582 USD /SF

# OF UNITS

24

PRICE/UNIT

$541,583

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

6

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,448 SF

ZONING

R8A

APN/PARCEL ID

0734-0009

ASK ABOUT THIS PROPERTY

Vicki MussoCompassMore Info
917-885-6988

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Vicki MussoCompassMore Info
917-885-6988

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