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For Sale | Apartment Buildings Available

351-357 West 45th, New York, NY 10036

351-357 West 45th, NEW YORK, New York, 10036
NEW YORK, NY 10036
United States
Inquire About This Property
Building Size:
42,536 SF
Available Space:
42,536 SF
Sale Price:
29950000 USD
Price Per Unit:
704.11 / USD
Lot Size
10,042 SF/.23 Acres
Cushman & Wakefield has been exclusively retained to sell 351, 353, 355 and 357 West 45th Street. The properties are four contiguous buildings located in Manhattan’s Hell’s Kitchen neighborhood between 8th and 9th Avenues. This offering presents a rare opportunity for an investor to acquire 100 feet of contiguous frontage along the north side of this charming tree-lined Street.

The four properties are each built five stories high, span over 42,000 square feet and currently have 4 apartments per floor for a total of 87 residential units. 67 of the units are currently vacant and in need of significant renovation. Potential exists for an investor to duplex ground floor units on the lower level and convert the upstairs apartments to 2-bedroom and 1-bedroom units.

Current ownership recently installed a brand-new boiler that services all of the buildings and each unit is separately metered for both gas and electric.

The properties are located within the Special Clinton District (SCD). The SCD requires ownership to obtain a Certificate of No Harassment (CONH) in order to obtain a new Certificate of Occupancy. Further information regarding obtaining a CONH or alternatively negotiating a Cure agreement in lieu of a CONH can be found on page 16-19 of the Offering Memorandum.

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