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544 W 49th St 20 Unit Apartment Building $2,395,000 ($119,750/Unit) New York, NY 10019
INVESTMENT HIGHLIGHTS
- Well-maintained multifamily asset located in the heart of Manhattan’s vibrant Hell’s Kitchen with views of the Hudson River
- 8,800 square feet across five stories and sits on a 2,510± square foot lot
- Two blocks from the 50th Street [A, C, E] subway station, providing convenient transit throughout Manhattan and beyond
- Originally constructed circa 1909 and well maintained
- Zoned R8, C2-5, the building contains 20 residential units and offers strong in-place income with potential for future upside
EXECUTIVE SUMMARY
Besen Partners, as exclusive agent for ownership, is pleased to offer for sale 544 West 49th Street, a well-maintained multifamily asset located in the heart of Manhattan’s vibrant Hell’s Kitchen. Originally constructed circa 1909 and well maintained, the property comprises approximately 8,800 square feet across five stories and sits on a 2,510± square foot lot. Zoned R8, C2-5, the building contains 20 residential units and offers strong in-place income with potential for future upside. Situated on the south side of West 49th Street between 10th and 11th Avenues, the property benefits from excellent accessibility, just two blocks from the 50th Street [A, C, E] subway station, providing convenient transit throughout Manhattan and beyond.
PROPERTY FACTS Under Contract
| Price | $2,395,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $119,750 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.06 AC |
| Gross Rent Multiplier | 7.6 | Building Size | 8,800 SF |
| No. Units | 20 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 5 |
| Property Subtype | Apartment | Year Built | 1909 |
| Zoning | R8 | ||
| Price | $2,395,000 |
| Price Per Unit | $119,750 |
| Sale Type | Investment |
| Gross Rent Multiplier | 7.6 |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.06 AC |
| Building Size | 8,800 SF |
| Average Occupancy | 100% |
| No. Stories | 5 |
| Year Built | 1909 |
| Zoning | R8 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 10 | - | - |
| 1+1 | 10 | - | - |
1 1
Walk Score®
Very Walkable (85)
Transit Score®
Rider's Paradise (100)
Bike Score®
Biker's Paradise (94)
PROPERTY TAXES
| Parcel Number | 1077-0057 | Improvements Assessment | $482,480 |
| Land Assessment | $225,900 | Total Assessment | $708,380 |
PROPERTY TAXES
Parcel Number
1077-0057
Land Assessment
$225,900
Improvements Assessment
$482,480
Total Assessment
$708,380
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544 W 49th St
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