Log In/Sign Up
Your email has been sent.
367 W 48th St 7 Unit Apartment Building $3,999,000 ($571,286/Unit) 5.30% Cap Rate New York, NY 10036
Executive Summary
We are pleased to offer the sale of 367 West 48th Street. This well-maintained building features seven (7) free-market apartments and is fully leased, with long-term management in place.
The property presents multiple value-add opportunities, including potential for an owner-occupant with live-in income, as well as rental upside across the existing units.
Conveniently located near major transportation, retail, and neighborhood amenities, this is a strong investment opportunity with flexible use potential.
For more information or to view the offering memorandum, please reach out.
The property presents multiple value-add opportunities, including potential for an owner-occupant with live-in income, as well as rental upside across the existing units.
Conveniently located near major transportation, retail, and neighborhood amenities, this is a strong investment opportunity with flexible use potential.
For more information or to view the offering memorandum, please reach out.
Property Facts
| Price | $3,999,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $571,286 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.03 AC |
| Cap Rate | 5.30% | Building Size | 5,700 SF |
| No. Units | 7 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 5 |
| Property Subtype | Apartment | Year Built | 1920 |
| Zoning | R8 - High-density residential district with tall apartment buildings. | ||
| Price | $3,999,000 |
| Price Per Unit | $571,286 |
| Sale Type | Investment |
| Cap Rate | 5.30% |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.03 AC |
| Building Size | 5,700 SF |
| Average Occupancy | 100% |
| No. Stories | 5 |
| Year Built | 1920 |
| Zoning | R8 - High-density residential district with tall apartment buildings. |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Trash Pickup - Curbside
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 7 | - | - |
1 1
Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
100/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 1039-0006 | Improvements Assessment | $493,973 |
| Land Assessment | $84,392 | Total Assessment | $578,365 |
Property Taxes
Parcel Number
1039-0006
Land Assessment
$84,392
Improvements Assessment
$493,973
Total Assessment
$578,365
1 of 4
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
367 W 48th St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.