NY > Manhattan > Hells Kitchen
Manhattan, NY 10036,428 W 44TH Street
Manhattan, NY 10036,428 W 44TH Street
Manhattan, NY 10036,428 W 44TH Street
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Listing Courtesy of Brown Harris Stevens Residential Sales LLC
$4,050,000
Est. payment /mo
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6 Beds
6 Baths
4,032 SqFt
Active

428 W 44TH Street Manhattan, NY 10036

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London Foster

London Foster

+1(305) 766-7993

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,032 sqft

Price per Sqft $1,004

Subdivision Hells Kitchen

MLS Listing ID RLS20050253

Style Walk-Up

Bedrooms 6

HOA Y/N No

Year Built 1901

Annual Tax Amount $52,644

Property Sub-Type Multi Family

Property Description

20' wide four-story 6-unit brick building FULLY DEREGULATED  since 2015 and can be delivered VACANT.  Located on what is widely regarded as the best block in Clinton.  Set between Actors Studio and New Dramatists, the house is mid block among a row of well maintained brownstone houses, several single family. This entire building was gut renovated in 1968 when new electric, plumbing and structural work was done but much of the original period character and detail was retained.  New Weil McLain 355,000 BTU gas fired steam boiler in 2023 and new AO Smith hot water  tanks in 2022. All of the apartments  were again renovated and new appliances installed within the past  ten  years.

Currently the configuration is Parlor and Garden apartments  each 900 sq ft one bedrooms that  share a bright south facing  landscaped garden.  The 3rd and 4th floors each have two studio rental apartments. The building can be delivered entirely vacant.  The building has significant unused FAR which may be used to add a fifth floor and extend the rear. (Check with your architect.) This building is in the Special Clinton Zoning District which is intended to preserve the low rise character of the neighborhood.  Midtown offices, Broadway theatres, Hudson Yards, Manhattan West offices, Hudson River Park, subways A,C,E,7,N, Q,R,1,2,3 all 10 minutes away. Owner/Broker

LAYOUT/RENT ROLL
Garden Unit - Floor Through 1 Bedroom
Rent: $4,495; Market Value: $4,495; Lease Expires: 9/30/25
Parlor Unit - Floor Through 1 Bedroom
Rent: $4,860; Market Value: $4,860; Lease Expires: 2/28/25
Unit 2F - Studio
Rent: $3,440; Market Value: $3,550; Lease Expires: 4/30/26
Unit 2R - Studio
Rent: $3,395; Market Value: $3,450; Lease Expires: 11/30/25
Unit 3F - Studio
Rent: $3,425; Market Value: $3,425; Lease Expires: 6/30/26
Unit 3R - Studio
Rent: $2,995; Market Value: $2,995; Vacant

Monthly Projected Rents: $22,775
Annual Projected Rents:$ 273,300

Estimated Expenses (Annual):
Real Estate Taxes: $52,644
Water/Sewer: $1,800
Insurance: $12,917
Heat/Electric: $9,400
Super/Cleaning: $6,900
Repair, Replacements:$7,000
Legal, Accounting: $2,000
Cable: $1,200
Other: $3,000

Total: $96,861

Nominal NOI: $176,439
Vacancy: $15,000 
Effective NOI: $161,439

Location

State NY

County New York

Rooms

Basement Other

Interior

Interior Features Smoke Free

Cooling Other

Fireplaces Number 8

Fireplaces Type Other

Fireplace Yes

Appliance Washer Dryer Allowed

Laundry Washer Hookup, In Unit

Exterior

Exterior Feature Private Outdoor Space Over 60 Sqft

View Y/N No

View Other

Porch None

Private Pool No

Building

Story 4

New Construction No

Others

Pets Allowed Pets Allowed

Tax ID 1053-0047

Ownership None

Monthly Total Fees $4, 387

Special Listing Condition Standard

Pets Allowed Building Yes, No

REBNY IDX
RLS Data display by LONDON FOSTER, LLC

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London Foster

London Foster

Broker | License ID: 0705018

+1(305) 766-7993

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428 W 44TH Street