Multifamily

453 West 50th Street

453 W 50th St, New York, NY 10019

Listing Price: $4,500,000

Cap Rate
4.50%
Number of Units
13
Price/Unit
$346,154
Price/Gross SF
$745.03
Gross SF
6,040

Investment Overview

The Property: 13-Unit, 25’ wide multifamily property spanning 6,040 square feet. Rare Offering: First sale in roughly 40 years of ownership Future Value: 9,000+ Square feet of additional air-rights Flexibility: six units delivered vacant: five rent regulated studios + the 800 SF ground floor unit with full backyard Convenience: Located in Hell’s Kitchen, the property sits within close proximity to Times Square, Hudson Yards, Central Park, Time Warner Center, and Restaurant Row.  Within five blocks, there is seamless access to the "1", "2", "A", "C", "E", "B", and "D" subway lines.

Investment Highlights

  • Rare Offering: First sale in roughly 40 years of ownership
  • The Property: 13-Unit, 25' wide multifamily property spanning 6,040 square feet
  • Flexibility: six units delivered vacant: five rent regulated studios + the 800 SF ground floor unit with full backyard

Exclusively Listed By

  • Peter Von Der Ahe

    Licensed Associate Real Estate Broker

    (212) 430-5114

    Email Peter

    License(s): NY: 10301209838, NY: 31VO0942643

    Manhattan

  • Joe Koicim

    Licensed Associate Real Estate Broker

    (212) 430-5147

    Email Joe

    License(s): NY: 10311201039, NY: 10301208718

    Manhattan

  • Daniel Handweiler

    Licensed Real Estate Salesperson

    (212) 430-5138

    Email Daniel

    License(s): NY: 10401245659

    Manhattan

  • Logan Markley

    Licensed Real Estate Salesperson

    (212) 430-5194

    Email Logan

    License(s): NY: 10401268674

    Manhattan

  • Peter Dodge

    Licensed Real Estate Salesperson

    Email Peter

    License(s): NY: 10401319098

    Manhattan

Listing Price: $4,500,000

Cap Rate
4.50%
Number of Units
13
Price/Unit
$346,154
Price/Gross SF
$745.03
Gross SF
6,040

Investment Highlights

  • Rare Offering: First sale in roughly 40 years of ownership
  • The Property: 13-Unit, 25' wide multifamily property spanning 6,040 square feet
  • Flexibility: six units delivered vacant: five rent regulated studios + the 800 SF ground floor unit with full backyard

Investment Overview

The Property: 13-Unit, 25’ wide multifamily property spanning 6,040 square feet. Rare Offering: First sale in roughly 40 years of ownership Future Value: 9,000+ Square feet of additional air-rights Flexibility: six units delivered vacant: five rent regulated studios + the 800 SF ground floor unit with full backyard Convenience: Located in Hell’s Kitchen, the property sits within close proximity to Times Square, Hudson Yards, Central Park, Time Warner Center, and Restaurant Row.  Within five blocks, there is seamless access to the "1", "2", "A", "C", "E", "B", and "D" subway lines.

Exclusively Listed By

  • Peter Von Der Ahe

    Licensed Associate Real Estate Broker

    (212) 430-5114

    Email Peter

    License(s): NY: 10301209838, NY: 31VO0942643

    Manhattan

  • Joe Koicim

    Licensed Associate Real Estate Broker

    (212) 430-5147

    Email Joe

    License(s): NY: 10311201039, NY: 10301208718

    Manhattan

  • Daniel Handweiler

    Licensed Real Estate Salesperson

    (212) 430-5138

    Email Daniel

    License(s): NY: 10401245659

    Manhattan

  • Logan Markley

    Licensed Real Estate Salesperson

    (212) 430-5194

    Email Logan

    License(s): NY: 10401268674

    Manhattan

  • Peter Dodge

    Licensed Real Estate Salesperson

    Email Peter

    License(s): NY: 10401319098

    Manhattan

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