Active

431 West 48th Street

New York City NY, 10036

$3,899,000


$594.36 per sqft

Active

9 Beds

8 Baths

6,560 sqft

Multi-family

Built in 1901

Tremendous 25 ft. 8 family building with upside. All apartments are large. Rents are well below market and some can be duplexed. Of the three stabilized units two are on the top floor and one on the ground of the 4 story walk up. There are approximately 8000 ft of air rights and a clean dry full height basement with street access that can be monetized for at least $1200 a month.

This is in a vibrant neighborhood brimming with multiple international hospitality options.

Plenty of room for the savvy to reconfigure financially as well as structurally.

In-place Income - $206,664
2024 Income - $323,340

Contact me for income and expenses.

COMP-1429834431286723673

MLS ID

October 24, 2023

Listed

March 30, 2024

Updated

Map

431 West 48th Street
New York City NY, 10036

Interior Features

Total Stories

4


Bedrooms

9 Beds


Bathrooms

8 Baths


Laundry Description

See Remarks


Floor Description

Hardwood


Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

0.06 Acres

Other Property Details

Taxes

$42,000


Tax Frequency

Annually


HOA

$3,540


HOA Frequency

Monthly


Garage

No


View

No


County

NewYork


Pool

No


Buyer Agency Compensation

2%

Listing History

Date

Event

Price

2/7/2024

Price Change

$3,899,000

-3%

Courtesy of Compass with Christopher Halliburton,
Listing Contact: (917) 518-9746 

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 The Real Estate Board of New York, Inc., All rights reserved

Data last updated 2:14 AM UTC, 3/30/2024

 

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