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349 W 54th St
New York, NY 10019
Multifamily Property For Sale
·
3 Units
Investment Highlights
- Close to Central Park, Columbus Circle, 57th Street, Avenue of the Americas, Times Square & Hudson Yards.
- All Mechanical systems, structure, foundation and exterior facing elements have been fully upgraded.
- Two residential units can be used for income, or owner-occupancy and garage space for 5 cars.
- Air Rights allow for additional development.
Executive Summary
This rare Midtown Manhattan property offers a unique blend of modern upgrades and future development potential in one of the city’s most desirable neighborhoods. Featuring two residential units and a private garage, the building has undergone extensive renovations over the past decade, including a new roof, foundation, plumbing, electrical service, and mechanical systems. Each unit is equipped with individual Weil McClain gas boilers and split HVAC systems, complemented by a gas-fired hot water tank for efficiency and comfort. Exterior enhancements such as new stucco and windows provide a clean, contemporary look, while the garage delivers a highly sought-after amenity for private parking or storage.
Beyond its turnkey condition, the property offers the possibility of utilizing air rights for additional development, creating an exceptional opportunity for investors or owner-users to expand and maximize value. Located steps from major transit, world-class dining, and cultural landmarks, this asset combines immediate usability with long-term growth potential in a vibrant Midtown setting.
Beyond its turnkey condition, the property offers the possibility of utilizing air rights for additional development, creating an exceptional opportunity for investors or owner-users to expand and maximize value. Located steps from major transit, world-class dining, and cultural landmarks, this asset combines immediate usability with long-term growth potential in a vibrant Midtown setting.
Property Facts
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 3 | - | - |
Property Taxes
| Parcel Number | 1045-0009 | Improvements Assessment | $83,420 CAD |
| Land Assessment | $153,670 CAD | Total Assessment | $237,090 CAD |
Property Taxes
Parcel Number
1045-0009
Land Assessment
$153,670 CAD
Improvements Assessment
$83,420 CAD
Total Assessment
$237,090 CAD
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