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$9,408,863*
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House -
Off Market
418 W 51ST ST.
NEW YORK, NY 10019
23 Beds
0 Bath
$5,850,000 - $7,150,000
Reference Base Price*
44.75%
Since Dec 1, 2019
NY-New York
Primary Model
About This Property
levelgroup is pleased to announce that it has been retained on an
exclusive basis to arrange for the sale of this multi-family
residential property located just off 9th Avenue on West 51st
Street in the prestigious Hells Kitchen neighborhood of Manhattan.
The property is zoned R8 and has the potential to add roughly
10,000 square feet to the existing 5,140 sq ft. Just steps from the
Theater District and Times Squares restaurants, entertainment and
transport. 5-minute walk to Central Park, the Columbus Circle
bustle, and the Lincoln Center - the worlds cultural epicenter. 418
West 51st Streets location and convenience cannot be beaten.
The large scale of this offering, truly uncommon, provides developers with the critical mass necessary to create a unique residence in what has become New York Citys most sought after neighborhood.
Nearby transportation includes: C,E,1,2,3,7,N,R,W,B,D trains & Port Authority.
As the long history of New York City neighborhoods such as Soho, Chelsea, Meat- Packing and Hudson Yards would suggest, residents, being priced out of mature neighborhoods will always travel along transportation lines to neighboring areas where they can live more comfortably. With the finest new restaurants, cafes, bars, art galleries, retail stores, and creative work lofts, Hells Kitchen / Clinton has emerged as a fast-growing and most sought after real estate market in all of New York City.
From an investment perspective, 418 W 51st Street presents a rare opportunity to purchase real estate in a rapidly appreciating neighborhood at a significant discount. This presents an ideal scenario for a forward-looking investor.
Property Details
Block: 1060 Lot: 43
Lot Dimensions 25.0 x 100.0
Zoning: R8
FAR as Built: 2.05
Max FAR: 6.02
The large scale of this offering, truly uncommon, provides developers with the critical mass necessary to create a unique residence in what has become New York Citys most sought after neighborhood.
Nearby transportation includes: C,E,1,2,3,7,N,R,W,B,D trains & Port Authority.
As the long history of New York City neighborhoods such as Soho, Chelsea, Meat- Packing and Hudson Yards would suggest, residents, being priced out of mature neighborhoods will always travel along transportation lines to neighboring areas where they can live more comfortably. With the finest new restaurants, cafes, bars, art galleries, retail stores, and creative work lofts, Hells Kitchen / Clinton has emerged as a fast-growing and most sought after real estate market in all of New York City.
From an investment perspective, 418 W 51st Street presents a rare opportunity to purchase real estate in a rapidly appreciating neighborhood at a significant discount. This presents an ideal scenario for a forward-looking investor.
Property Details
Block: 1060 Lot: 43
Lot Dimensions 25.0 x 100.0
Zoning: R8
FAR as Built: 2.05
Max FAR: 6.02
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1910
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 13, 2022 | Sold to 418w51 Llc | $4,800,000 | |
| Sold to 418w51 Llc | |||
| Nov 23, 2019 | No longer available | - | |
| No longer available | |||
| Nov 14, 2019 | Listed | $6,500,000 | |
| Listed | |||
| Jul 29, 2017 | Listed | $2,200,000 | |
| Listed | |||
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It's Very Rare that you can find 2 WHOLE FLOOR Apartments in the
same building sold as a lot, BUT EVEN MORE RARE is that they are in
a 25.5 ft by 55 ft building.
These apartments have not been on the market since 1979! They still
exude the original charm of the building. Originally built as
oversize one bedroom Broadway apartments @ 1400 square feet per
apartment! The apartments have windows on the North & South
side.
This offering is for a 'Tenants In Common' ownership interest in…
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Property Highlights
Air Conditioning
Building Info
Overview
Building
Neighborhood
Zoning
Geography
418 W 51ST ST.
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Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Condo
3
Beds
3
Baths
2,224 ft²
$2,923/ft²
$6,500,000
Jan 11, 2023
$6,500,000
Mar 24, 2023
$8,589/mo
Condo
4
Beds
4
Baths
3,786 ft²
$1,716/ft²
$6,495,000
Jun 11, 2018
$6,495,000
Dec 6, 2018
$7,174/mo
Condo
2
Beds
2
Baths
1,750 ft²
$3,714/ft²
$6,500,000
Nov 8, 2013
$6,500,000
Dec 11, 2013
$3,977/mo
Condo
2
Beds
3
Baths
1,653 ft²
$3,811/ft²
$6,300,000
Jul 5, 2017
$6,300,000
Apr 17, 2019
$6,922/mo
Condo
2
Beds
2.5
Baths
1,433 ft²
$4,536/ft²
$6,500,000
Dec 17, 2013
$6,500,000
Feb 11, 2014
$4,472/mo
Condo
3
Beds
4
Baths
2,199 ft²
$2,871/ft²
$6,313,150
May 22, 2014
$6,313,150
Jan 9, 2015
$4,381/mo
Active
Condo
2
Beds
3
Baths
1,985 ft²
$3,275/ft²
$6,500,000
Apr 25, 2023
-
$6,840/mo
Active
Co-op
2
Beds
3
Baths
2,100 ft²
$3,095/ft²
$6,500,000
Feb 15, 2023
-
$7,775/mo
Active
Condo
2
Beds
3
Baths
1,591 ft²
$4,082/ft²
$6,495,000
Dec 27, 2022
-
$5,812/mo
