Situated on a beautiful tree-lined street, this brownstone sits in the heart of Hell''s Kitchen being walking distance from the world famous "Times Square" and just a couple blocks from the internationally acclaimed "Restaurant Row"! This approx. 6,500 sq ft. building still has more than 8,000+ sq ft. of additional UNUSED FAR! (lot size is approx. 2100 sq ft.) There are 5 stories with 5 large fully updated high end renovation apartments w/ SEPARATE meters for electric, heat & hot water, that not only are FREE-MARKET RENT, but are also all currently BELOW market rents since the initial reduction during the Covid pandemic a few years back!! Proforma is easily $36,550/mo. as opposed to current below market rent of $28,845/mo.!! Units also have in unit washer and dryers with stainless steel appliances and access to a private garden on at least one of the units. The finished basement, which is currently not being utilized, can and should be used to further increase rental income as either storage facility or for other amenities such as an exercise room or game room for poker night! This building also has a full video intercom system for security. More than 8000+ SF air rights as well adding to the rental income upside! This location is in very close proximity to the A,B,C,D, E, and 1 Train!!
Details:
Families:
5
Property Type:
House
Built:
1920
Financials:
Price:
$6,890,000
Taxes:
$39,896
Charles Rutenberg Realty Contact Office Office: 516-575-7500
