324-326 West 47th Street

Hell's Kitchen, Manhattan, NY 10036

$20,500,000
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).
...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). Ideal for a turnkey investment, all free-market units have been updated within 10yrs along with the facade in 2018.

Anchored between 8th and 9th avenues, location is ideal as Times Square, Port Authority, Rockefeller Center, and the Theatre District are within the immediate vicinity. 

Contact us today for more information and a private tour.

Amenities

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

Location

Listing Courtesy of: .

Add your commute
LISTING UPDATED: 06/30/2021 12:04 PM

Property Details for 324-326 West 47th Street

StatusTemporarily Off Market
Days on Market113
Taxes$25,000 / month
Maintenance-
Min. Down Pymt-
Total Rooms40.0
Compass TypeMixed Use
MLS Type-
Year Built-
Lot Size-
CountyNew York County

Location

Listing Courtesy of: .

Add your commute

Payment Calculator

$134,992 per month

30 year fixed, 7.08% Interest

Principal and Interest

$109,992

Property Taxes

$25,000

Maintenance/Common Charges

$0

The Payment Calculator is for illustrative purposes only.

Property History for 324-326 West 47th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 324-326 West 47th Street

This home is within New York City Geographic District # 2.
RatingSchoolTypeGradesDistance
Public - PK to 5
Public - 6 to 7
Public - 6 to 8
Public - 6 to 8
RatingSchoolDistance
P.S. 51 Elias Howe
PublicPK to 5

Middle 297
Public6 to 7

Lower Manhattan Community Middle School
Public6 to 8

Nyc Lab Ms For Collaborative Studies
Public6 to 8

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.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

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. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2022 The Real Estate Board of New York, Inc., All rights reserved. The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. This information is provided exclusively for consumers’ personal, non-commercial use. The data relating to real estate for sale on this website comes in part from the IDX Program of OneKey® MLS. Information Copyright 2022, OneKey® MLS. 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