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314 W 52nd St
New York, NY 10019
Multifamily Property For Sale
·
5 Units
Investment Highlights
- Building equipped with electric stoves, metered electric, gas furnace, and electric hot water heaters.
- Ground-floor and basement restaurant space with direct access to a back and side yard.
- Located in Midtown West near Central Park, Times Square, major subway lines, and 9th Avenue dining and retail.
- Five-story prewar mixed-use building featuring one commercial unit and five free-market residential apartments.
- Residential units include oversized two-bedroom, two-bath layouts and a one-bedroom with terrace; all units have full kitchens and bathrooms.
- Opportunity to enhance value by adding individual HVAC systems or reconfiguring larger apartments into three-bedroom layouts.
Executive Summary
A Five Story, Prewar Mixed-use building, one commercial and 5 FREE Market
residential units. The property has restaurant on the ground floor, which has access to the
basement and back and side yard. The second floor, fourth and fifth floor has one apt, all
oversized two bedroom and two bath apartments. The third floor has two units; one studio
apt and one bedroom apt with terrace. All apartments have full kitchen and full bathroom
and metered for electric only. (all units have electric stoves) The building has gas furnace
and electric hot water heaters.The property is a prime investment opportunity , since the units are free market. The
added value is to possibly convert the larger apartment into three bedrooms, and/ or
adding their own HVAC to each apartment. The property is close to Central Park,
Times Square, all major Subway lines, Whole Foods, and of course, to 9th avenue, where
one can find many restaurants, and cafes.
residential units. The property has restaurant on the ground floor, which has access to the
basement and back and side yard. The second floor, fourth and fifth floor has one apt, all
oversized two bedroom and two bath apartments. The third floor has two units; one studio
apt and one bedroom apt with terrace. All apartments have full kitchen and full bathroom
and metered for electric only. (all units have electric stoves) The building has gas furnace
and electric hot water heaters.The property is a prime investment opportunity , since the units are free market. The
added value is to possibly convert the larger apartment into three bedrooms, and/ or
adding their own HVAC to each apartment. The property is close to Central Park,
Times Square, all major Subway lines, Whole Foods, and of course, to 9th avenue, where
one can find many restaurants, and cafes.
Property Facts
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | - | - |
| 2+1 | 1 | - | - |
| 2+2 | 2 | - | - |
Property Taxes
| Parcel Number | 1042-0040 | Improvements Assessment | $1,060,333 CAD |
| Land Assessment | $392,427 CAD | Total Assessment | $1,452,761 CAD |
Property Taxes
Parcel Number
1042-0040
Land Assessment
$392,427 CAD
Improvements Assessment
$1,060,333 CAD
Total Assessment
$1,452,761 CAD
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