Hells Kitchen

Kay pou vann

Adrès: ‎431 W 48TH Street

Kòd postal: 10036

8 chambre, 8 twalèt

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Kontra
$3,350,000

ID # RLS10983465

Haitian Creole (Kreyòl)

#: 212-355-3550

Corcoran Group Office: ‍212-355-3550

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ID #‎ RLS10983465
Detay8 chambre, 8 twalèt, 8 kay nan batiman an, batiman an gen 4 etaj
DOM: 27 jou
Taks
(pa ane)
$41,664
Tren anba tè
Subway
6 minit pou tren C, E
8 minit pou tren 1, A
9 minit pou tren N, R, W
10 minit pou tren B, D

Kalkilatris ipotèk

Pri yo mande

Kontra
$3,350,000

Peman ipotèk chak mwa

$12,705

Avalwa

$1,340,000

To enterè
Tèm prè

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房屋英文概況 English Description

Situated in the heart of Hell's Kitchen, Manhattan, 431 West 48th Street is a prime multi-family building offering significant upside and investment potential. Built in 1920 with recent renovations, this 6,560 sq. ft. building sits on a 2,510 sq. ft. lot and features 8units, all one-bedroom units, and are well below market rate rents. 3 Rent Stabilized and 5 Free Market units in total.The property's prime location provides convenient access to public transportation, including major subway lines (A, C, E), bus routes, and bike lanes, as well as an array of dining, entertainment, and cultural venues, including Broadway and off-Broadway theaters. Nearby, residents can enjoy Central Park, Hudson River Park, and several local parks.
The property currently generates a gross income of $203K per year and a net operating income (NOI) of $108K per year, with huge upside potential in rents and monetizing full ceiling height basement and incredible roof with views. Total Annual expenses are approximately $95K. The building is zoned R8, offering potential development opportunities with approximately 8,000 Sq Ft of unutilized air rights. Multiple areas for an experienced operator to maximize earning potential and reimagine spaces to increase rent roll. The area attracts a diverse tenant base ensuring high occupancy rates and consistent rental income

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024 The Real Estate Board of New York, Inc., All rights reserved.

Courtesy of Corcoran Group

公司: ‍212-355-3550




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Kontra
$3,350,000

Kay pou vann
ID # RLS10983465
‎431 W 48TH Street
New York, NY 10036
8 chambre, 8 twalèt


Listing Agent(s):‎
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Office: ‍212-355-3550

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