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458 W 51st St
New York, NY 10019
Lender-Owned | MF in Hell's Kitchen (NYC) · Multifamily Property For Sale
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5 Units
Investment Highlights
- Renovated Interiors: The property was recently renovated, allowing investors to capitalize on future rent increases with minimal capital expenditures.
- Protected Tax Class 2A: The assessed value cannot increase more than 8% from the prior year or 30% over five years.
- 100% Free Market: All five units at the subject are free market, which allows investors to increase rents without any restrictions.
- Access to Public Transportation: The asset is close to the A/C/E, B/D, 1, 2, and N/Q/R/W subway lines providing tenants access throughout NYC.
Property Facts
| Sale Condition | Auction Sale | Lot Size | 0.05 AC |
| Type of Ownership | Fee Simple | Building Size | 4,120 SF |
| No. Units | 5 | Average Occupancy | 80% |
| Property Type | Multifamily | No. Stories | 5 |
| Property Subtype | Apartment | Year Built/Renovated | 1920/2015 |
| Apartment Style | Mid-Rise | Parcel Number | 1060-0158 |
| Building Class | C | ||
| Zoning | R8, CL - High density residential district | ||
| Sale Condition | Auction Sale |
| Type of Ownership | Fee Simple |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.05 AC |
| Building Size | 4,120 SF |
| Average Occupancy | 80% |
| No. Stories | 5 |
| Year Built/Renovated | 1920/2015 |
| Zoning | R8, CL - High density residential district |
| Parcel Number | 1060-0158 |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Washer/Dryer
- Heating
- Hardwood Floors
- Island Kitchen
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Public Transportation
- Walk-Up
- Smoke Detector
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