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Map
$3,685,000
●
Multifamily -
In Contract
421 W 50TH Street #NA
Manhattan, NY 10019
5 Beds
7 Baths,
1
Half Bath
3700 Sqft
$18,094
Estimated Monthly
$0
HOA / Fees
2.04%
Cap Rate
About This Property
Welcome to 421 West 50th Street, a beautiful 4 story brick 1920's
townhouse in Midtown West. This two unit multifamily is situated on
a lovely, residential, tree lined block. Currently this home is
built 16.67' wide by 50' deep on a 16.67' by 100' lot.
UNIT 1 A garden duplex with 2 bedrooms, 2.5 bathrooms, in unit laundry, access to a 33' by 50' shared garden and a fully renovated chef's kitchen with stainless steel appliances, an island and granite countertops.
UNIT 2 A triplex with 3 bedrooms, 3.5 bathrooms, in unit laundry, access to a private roof terrace and a fully renovated chef's kitchen with stainless steel appliances, an island and granite countertops.
A rare opportunity exists to combine with 419 West 50th Street to create a truly incredible single-family home with over 33 feet of frontage or a condo conversion with almost 14,000 additional FAR (combined for 419 & 421). For the savvy investor, this would be an ideal property for 1031 exchange or for someone who is looking to live in an income producing asset. The possibilities are endless and both buildings will be delivered vacant.
Hell's Kitchen is a special place to call home. With beloved restaurants such as Bocca di Bacco, Five Napkin Burger, Totto Ramen, Kashkaval and The Marshal you won't tire of the same old fare. Take a stroll along the Hudson River, visit the Intrepid Museum or MoMA, and enjoy easy access to shopping at Bergdorf Goodman, Sak's and Rockefeller Center. Whole Foods, Columbus Circle and Hudson Yards are just a short walk away and, if a sweet tooth is your thing, make sure to pick up a treat at some of our local favorites; Schmackary's Cookies or Amy's Bakery.
PROPERTY HIGHLIGHTS
Four story multifamily building with 6,377 additional FAR
Delivered Vacant
2 Free Market Units
Conversion Potential
Single user Potential
1031 Exchange
B9 Dwelling Classification with R8 Zoning
Proximity to 1/2/3/S/7/A/C/E/B/D Subways
NJ Transit buses at Port Authority
Easy Grand Central access via the 50th Street Crosstown Bus
UNIT 1 A garden duplex with 2 bedrooms, 2.5 bathrooms, in unit laundry, access to a 33' by 50' shared garden and a fully renovated chef's kitchen with stainless steel appliances, an island and granite countertops.
UNIT 2 A triplex with 3 bedrooms, 3.5 bathrooms, in unit laundry, access to a private roof terrace and a fully renovated chef's kitchen with stainless steel appliances, an island and granite countertops.
A rare opportunity exists to combine with 419 West 50th Street to create a truly incredible single-family home with over 33 feet of frontage or a condo conversion with almost 14,000 additional FAR (combined for 419 & 421). For the savvy investor, this would be an ideal property for 1031 exchange or for someone who is looking to live in an income producing asset. The possibilities are endless and both buildings will be delivered vacant.
Hell's Kitchen is a special place to call home. With beloved restaurants such as Bocca di Bacco, Five Napkin Burger, Totto Ramen, Kashkaval and The Marshal you won't tire of the same old fare. Take a stroll along the Hudson River, visit the Intrepid Museum or MoMA, and enjoy easy access to shopping at Bergdorf Goodman, Sak's and Rockefeller Center. Whole Foods, Columbus Circle and Hudson Yards are just a short walk away and, if a sweet tooth is your thing, make sure to pick up a treat at some of our local favorites; Schmackary's Cookies or Amy's Bakery.
PROPERTY HIGHLIGHTS
Four story multifamily building with 6,377 additional FAR
Delivered Vacant
2 Free Market Units
Conversion Potential
Single user Potential
1031 Exchange
B9 Dwelling Classification with R8 Zoning
Proximity to 1/2/3/S/7/A/C/E/B/D Subways
NJ Transit buses at Port Authority
Easy Grand Central access via the 50th Street Crosstown Bus
Unit Size
3,700Ft²
Days on Market
-
Land Size
-
Price per sqft
$996
Property Type
Multifamily
Property Taxes
-
HOA Dues
-
Year Built
1920
Listed By
Last updated: 4 months ago (RLS #RPLU-33421381721)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 13, 2021 | Listed by Corcoran Group | $3,685,000 | |
| Listed by Corcoran Group | |||
Property Highlights
Interior Details
Bedroom Information
Bedrooms: 5
Bathroom Information
Full Bathrooms: 6
Half Bathrooms: 1
Interior Information
Appliances: Dryer, Dishwasher, Washer Dryer Allowed, Washer
Living Area: 3700
Room Information
Rooms: 11
Exterior Details
Building Information
Pets Allowed: Building Yes, No
Land Information
Tax Block: 01060
Location Details
Subdivision Name: Middle West Side
Stories Total: 4
421 W 50TH Street #NA, Manhattan, NY, 10019
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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
5
Beds
4
Baths
2,274 ft²
$1,759/ft²
$4,000,000
Feb 23, 2015
$4,000,000
Jul 15, 2015
$3,433/mo
Condo
2
Beds
3
Baths
1,809 ft²
$2,049/ft²
$3,707,500
Jan 2, 2018
$3,707,500
May 22, 2018
$4,318/mo
Condo
2
Beds
2
Baths
1,676 ft²
$2,248/ft²
$3,767,525
Aug 8, 2014
$3,767,525
Mar 13, 2015
$3,060/mo
Condo
2
Beds
3
Baths
1,599 ft²
$2,251/ft²
$3,600,000
Aug 8, 2014
$3,600,000
Mar 16, 2015
$2,920/mo
Condo
3
Beds
3
Baths
1,870 ft²
$1,925/ft²
$3,600,000
Sep 23, 2014
$3,600,000
Jul 15, 2015
$2,869/mo
Condo
2
Beds
2
Baths
1,806 ft²
$2,049/ft²
$3,700,000
Aug 8, 2014
$3,700,000
Feb 18, 2015
$3,297/mo
Active
Condo
1
Bed
3
Baths
1,500 ft²
$2,500/ft²
$3,750,000
Apr 5, 2023
-
$4,909/mo
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
|---|
Building Info
About Midtown Manhattan
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Listed by: Caroline Bass
Listing Courtesy of Corcoran Group
Last Updated: 4 months ago
Last Checked: 11 minutes ago
Data Source: REBNY (©2024 Real Estate Board of New York)
The information is being provided by REBNY Listing Service, Inc. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. 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 REBNY Listing Service, Inc. All rights reserved. RLS Data display by RH Advisors.
Listing Courtesy of Corcoran Group
Last Updated: 4 months ago
Last Checked: 11 minutes ago
Data Source: REBNY (©2024 Real Estate Board of New York)
Courtesy of RH Advisors, Inc. and RHP Realty NJ, Inc.
