Check Availability
$900,000
↓ $100K (10%)
Commercial - For Sale

48 West 39th Street

New York, NY 10018
bedrooms
Studio
bathrooms
0 Bath
square feet
3000 Sqft
$4,420
Estimated Monthly
$0
HOA / Fees

About This Property

Unique opportunity.  Largest barber school in NYC.  Licensed by department of education and in business for 28 years.  Stable business growth and a lot of room for expansion.  Located close to transportation, this institute is perfect for someone that wants a new venture and is totally set up to run itself.  American Barber Institute for sale.  It's certified.
Every student gets a diploma after finishing school and passing the test.
Main location in in Manhattan NY.  Located on 3 levels: Ground floor, basement and Mezzanine.
10 people work all together: 6 teachers and 4 administrators.
There are 3 locations right now: Manhattan, Bronx and Florida.
Students practice and charge $3 haircuts, doing 200 haircuts a day.
$1,200,000 gross income.  There is a bookkeeper, a CPA, an agent, 6 teachers, etc.
There is also a special project: evaluation of licenses of people from other countries.
Owner can stay and continue working for a salary and train a new owner for a few month.
The business has opportunity to grow rapidly.  In about 8 month, students can apply for government grants: Instead of $5,000 per student, they could get much larger amount.
Manhattan Lease $17K mth. (7 years left)  45 chairs.  3,000 sq ft.  $500K salaries to workers.
Bronx location rent $3,500mth (10 years left)in good area Westchester Squire, 2,000 sq ft
Florida location $6K mth.(10 years left) 2,500 sq ft in the heart of Coral Springs.
Don't miss this opportunity.

The manager has listed the unit size as 3000 square feet.
Unit Size
3,000Ft²
Days on Market
125 days
Land Size
0.07 acres
Price per sqft
$300
Property Type
Commercial
Property Taxes
-
HOA Dues
-
Year Built
1927
Listed By
Diana Melerud
Superior Realty Service
Last updated: 3 months ago (BMLSNY #478948)

Price History

Date / Event Date Event Price
Feb 15, 2024 Price Decreased $900,000
↓ $100K (10%)
Price Decreased
Jan 17, 2024 Price Decreased $1,000,000
↓ $200K (16.7%)
Price Decreased
Jan 2, 2024 Listed by Superior Realty Service $1,200,000
Listed by Superior Realty Service

Property Highlights

Exterior Details

Exterior Information

Brick

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Condo
Stu
1 Bath
560 ft²
$1,529/ft²
$856,500 May 30, 2017
$856,500 Apr 9, 2018
$1,910/mo
Condo
Stu
1 Bath
560 ft²
$1,482/ft²
$830,000 Sep 5, 2016
$830,000 Oct 5, 2017
$2,001/mo
Condo
Stu
1 Bath
560 ft²
$1,366/ft²
$765,000 May 8, 2013
$765,000 Nov 8, 2013
$1,304/mo
Condo
Stu
-
542 ft²
$1,402/ft²
$760,000 Nov 20, 2013
- Feb 5, 2021
$1,263/mo
Condo
Stu
1 Bath
482 ft²
$1,618/ft²
$780,000 Jan 7, 2015
$780,000 Aug 13, 2015
$1,085/mo
Condo
Stu
1 Bath
560 ft²
$1,304/ft²
$730,000 Jan 22, 2021
$730,000 Aug 26, 2021
$2,494/mo
Condo
Stu
1 Bath
590 ft²
$1,483/ft²
$875,000 Mar 12, 2024
-
$1,224/mo
Condo
Stu
1 Bath
500 ft²
$1,598/ft²
$799,000 Oct 6, 2023
-
$2,070/mo
Condo
Stu
1 Bath
500 ft²
$1,578/ft²
$789,000 Jun 7, 2023
-
$2,385/mo
Co-op
2 Beds
2 Baths
1,200 ft²
$749/ft²
$899,000 Sep 9, 2023
-
$2,724/mo
Co-op
2 Beds
2 Baths
1,300 ft²
$615/ft²
$800,000 May 6, 2023
-
$2,112/mo
Co-op
2 Beds
2 Baths
1,250 ft²
$788/ft²
$985,000 Feb 28, 2024
-
$3,655/mo

Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20221003
10/03/2022
Loft
-
-
$1,000,000
bedrooms
Loft
bathrooms
-
-
-
-
Michael Dukhovny
UNITED NATIONAL REALTY GROUP INC

Building Info

48 West 39th Street 48 West 39th Street, New York, NY 10018
  • 30 Units
  • 1 Unit for Sale
More about this Building
48 West 39th Street
Want to find out who owns 48 West 39th Street, New York, NY 10018? Get detailed property transactions here .

About Midtown Manhattan


Similar Homes for Sale

Unit for sale at 159 Madison Avenue, Manhattan, NY 10016

$985,000

  • 2 Beds
  • 2 Baths
  • 1,250 ft²
159 Madison Avenue #3DE, Manhattan, NY 10016 Listing by Julie Colyer
Unit for sale at 100 West 39th Street, Manhattan, NY 10018

$789,000

  • Studio
  • 1 Bath
  • 500 ft²
100 West 39th Street #36C, Manhattan, NY 10018 Listing by Akiko Sano
Unit for sale at 35 East 38th Street, Manhattan, NY 10016

$799,000

  • Studio
  • 1 Bath
  • 500 ft²
35 East 38th Street #PHB, Manhattan, NY 10016 Listing by ALEXANDER BROWN

Nearby Rentals

Unit for rent at 78 East 3rd Street, New York, NY 10003

$2,025 /mo

  • Studio
  • 1 Bath
78 East 3rd Street #1R, New York, NY 10003 Listing by Brandon Ellis
Unit for rent at 413 East 82nd Street, New York, NY 10028

$2,150 /mo

  • Studio
  • 1 Bath
413 East 82nd Street, New York, NY 10028 Listing by Alexandra Skiba
Unit for rent at 15 East 11th Street, New York, NY 10003

$2,194 /mo

  • Loft
  • 1 Bath
15 East 11th Street #2G-A, New York, NY 10003 Listing by Ken Levene


Quantcast