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446 W 55th St 20 Unit Apartment Building $9,500,000 ($475,000/Unit) 5.89% Cap Rate New York, NY 10019
INVESTMENT HIGHLIGHTS
- Located in Clinton-Hell's Kitchen
EXECUTIVE SUMMARY
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PROPERTY FACTS
| Price | $9,500,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $475,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.06 AC |
| Cap Rate | 5.89% | Building Size | 10,000 SF |
| No. Units | 20 | Average Occupancy | 20% |
| Property Type | Multifamily | No. Stories | 5 |
| Property Subtype | Apartment | Year Built | 1901 |
| Zoning | C6-2 - Located in the Hell's Kitchen neighborhood of Manhattan between 9th Ave & 10th Ave near the 59th St - Columbus Circle subway station. | ||
| Price | $9,500,000 |
| Price Per Unit | $475,000 |
| Sale Type | Investment |
| Cap Rate | 5.89% |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 10,000 SF |
| Average Occupancy | 20% |
| No. Stories | 5 |
| Year Built | 1901 |
| Zoning | C6-2 - Located in the Hell's Kitchen neighborhood of Manhattan between 9th Ave & 10th Ave near the 59th St - Columbus Circle subway station. |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Fireplace
- Washer/Dryer
- Kitchen
- Hardwood Floors
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Walking/Biking Trails
- Public Transportation
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 10 | - | 350 |
| 1+1 | 10 | - | 500 |
1 1
Walk Score®
Walker's Paradise (98)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (89)
PROPERTY TAXES
| Parcel Number | 1064-0055 | Improvements Assessment | $759,690 |
| Land Assessment | $225,900 | Total Assessment | $985,590 |
PROPERTY TAXES
Parcel Number
1064-0055
Land Assessment
$225,900
Improvements Assessment
$759,690
Total Assessment
$985,590
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446 W 55th St
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