324-326 West 47th Street

324-326 W 47th St Hell's Kitchen, Manhattan, NY 10036

$22,000,000
Price
20
Beds
20
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

324-326 West 47th Street offers a unique opportunity for investors consisting of two five-story buildings with a combined 56ft of frontage and zero open violations. There are 4 commercial and 36 residential units total with 4 being rent-stabilized and one rent-controlled along with a shared laundry room accessed through a private key fob entry.
Additional upside includes below-market rents and an estimated 11,970sf of unused residential FAR (air rights and usage will need to be verified by the buyer).
...

Amenities

  • Walk Up
  • Laundry in Building
  • Laundry Room in Building
  • Laundry Room
  • Common Laundry

Location

Property Details for 324-326 West 47th Street

StatusActive
Days on Market33
Taxes$25,000 / month
Maintenance-
Min. Down Pymt-
Total Rooms40.0
Compass TypeMixed Use
MLS Type-
Year Built-
Lot Size-
CountyNew York County

Listing Agent

Contact Agent(s)

Location

Listing Agents

  1. Michael Holt

    Michael Holt

    Listing Agent

    Compass

    mholt@compass.com

    P: 646.956.2077

  2. Nicole Hay

    Nicole Hay

    Listing Agent

    Compass

    nicole.hay@compass.com

    P: (516) 322-0139

Payment Calculator

$98,729 per month

30 year fixed, 2.95% Interest

Principal and Interest

$73,729

Property Taxes

$25,000

Maintenance/Common Charges

$0

Property History for 324-326 W 47th St

DateEvent & SourcePriceAppreciation
Mar 9, 2021

Listed (Active)

Manual

$22,000,000
DateEvent & SourcePrice
03/09/2021

Listed (Active)

Manual

$22,000,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 324-326 West 47th Street


SchoolTypeGradesDistanceRating
P.S. 212 Midtown WestPublicPK-50.0 mi
8
Professional Performing Arts High SchoolPublic6-120.0 mi
6
Urban Assembly Gateway School For TechnologyPublic9-120.2 mi
6
Holy Cross SchoolPrivatePK-80.2 mi
NR

P.S. 212 Midtown West

PK-5, 0.0 mi, Public

8

Professional Performing Arts High School

6-12, 0.0 mi, Public

6

Urban Assembly Gateway School For Technology

9-12, 0.2 mi, Public

6

Holy Cross School

PK-8, 0.2 mi, Private

NR

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Hell's Kitchen
Hell's Kitchen
A beloved neighborhood with a little grit. In Hell’s Kitchen what you see is what you get—and that’s great dining, affordable apartments, and a low-key vibe. Even as luxury high-rises dot the complexion of this classic neighborhood, Hell’s Kitchen maintains its no-frills attitude with ease.

Neighborhood Map and Transit

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324-326 West 47th Street is a mixed use property for sale in Hell's Kitchen, Manhattan, NY 10036. This property was listed for sale on March 9, 2021 by Compass at $22,000,000. This listing's school district is Nyc Geog District # 2 - Manhattan. Nearby schools include P.S. 212 Midtown West, Professional Performing Arts High School and Urban Assembly Gateway School For Technology. 324-326 West 47th Street is a 20-bed, 20-bath, mixed use property. This address can also be written as 324-326 W 47th St.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. No financial or legal advice provided. Equal Housing Opportunity.

All data is deemed reliable but is not guaranteed accurate by Compass. See Terms of Service for additional restrictions. Compass · Tel: 212-913-9058 · New York, NY