324-326 West 47th Street

Clinton   |   Eighth Avenue & Ninth Avenue

Price Drop
Building for sale
$ 20,500,000 [ 4.65% | $ 1,000,000 ]
Ownership Mixed Use
Lot Size 56'x100'
Floors/Apts 5/36
Status Active
Real Estate Taxes [Per Annum] $ 300,000
Building Type Low-Rise
Building Size 56' wide
Year Built 1920
ASF/ASM 21,375/1,986
Listing ID: 80727TH

Property Description

324-326 West 47th Street offers a unique opportunity for investors consisting of two five-story buildings with a combined 56ft of frontage and zero open violations. There are 4 commercial and 36 residential units total with 4 being rent-stabilized and one rent-controlled along with a shared laundry room accessed through a private key fob entry. Additional upside includes below-market rents and an estimated 11,970sf of unused residential FAR (air rights and usage will need to be verified by the buyer). Ideal for a turnkey investment, all free-market units have been updated within 10yrs along with the facade in 2018. Anchored between 8th and 9th avenues, location is ideal as Times Square, Port Authority, Rockefeller Center, and the Theatre District are within the immediate vicinity.  Contact us today for more information and a private tour.
324-326 West 47th Street offers a unique opportunity for investors consisting of two five-story buildings with a combined 56ft of frontage and zero open violations. There are 4 commercial and 36 residential units total with 4 being rent-stabilized and one rent-controlled along with a shared laundry room accessed through a private key fob entry. Additional upside includes below-market rents and an estimated 11,970sf of unused residential FAR (air rights and usage will need to be verified by the buyer). Ideal for a turnkey investment, all free-market units have been updated within 10yrs along with the facade in 2018. Anchored between 8th and 9th avenues, location is ideal as Times Square, Port Authority, Rockefeller Center, and the Theatre District are within the immediate vicinity.  Contact us today for more information and a private tour.

Listing Courtesy of Compass

Care to take a look at this property?

Apartment Features

A/C
324-326 West 47th Street Clinton New York NY 10036

Building Details [324-326 West 47th Street]

Ownership Mixed Use
Service Level Voice Intercom
Access Walk-up
Building Size 56' wide
Zoning R8
Building Type Low-Rise
Year Built 1920
Floors/Apts 5/36
Lot Size 56'x100'

Building Amenities

Laundry Rooms

Mortgage Calculator in [US Dollars]

$
%
$
%

Loan Amount

Klara Madlin

License

Licensed Real Estate Broker


This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2021 REBNY Listing Service, Inc. All rights reserved. Additional building data provided by On-Line Residential [OLR].
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.