428 W 44TH Street Manhattan, NY 10036
Https://realtormls.properties/ .
info@realtormls.propertiesUPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,032 sqft
Price per Sqft $880
Subdivision Hell'S Kitchen
MLS Listing ID RLS20050253
Style Walk-Up
Bedrooms 6
Full Baths 6
HOA Y/N No
Year Built 1901
Annual Tax Amount $52,644
Property Sub-Type Multi Family
Property Description
Located on what is widely regarded as the best block in Clinton. Set between Actors Studio and New Dramatists, the house is mid block among a row of well maintained brownstone houses, several single family. This entire building was gut renovated in 1968 when new electric, plumbing and structural work was done but much of the original period character and detail was retained. New Weil McLain 355,000 BTU gas fired steam boiler in 2023 and new AO Smith hot water tanks in 2022. All of the apartments were renovated and new appliances installed within the past ten years.
Suitable for conversion to a single family. We have plans drawn to combine the Garden and Parlor floors into a 3 Bedroom apartment. The current configuration is: Parlor and Garden apartments are each floor-thru one bedrooms and share a bright south facing landscaped garden. The 3rd and 4th floors each have two studio rental apartments. The building can be delivered entirely VACANT. The building has significant unused FAR which may be used to add a fifth floor and extend the rear. (Check with your architect.) This building is in the Special Clinton Zoning District which is intended to preserve the low rise character of the neighborhood. Within walking distance are Midtown offices, Broadway theatres, Hudson Yards, Manhattan West offices, Hudson River Park, subways A,C,E,7,N, Q,R,1,2,3. Owner/Broker
RENT ROLL & EXPENSES:
Garden Unit - Floor Through 1 Bedroom plus 800 sq ft garden
Rent: $4,695; Market Value: $4,695; Lease Expires: VACANT
Parlor Unit - Floor Through 1 Bedroom
Rent: $4,860; Market Value: $4,990; Lease Expires: 3/31/26
Unit 2F - Studio
Rent: $3,440; Market Value: $3,550; Lease Expires: 4/30/26
Unit 2R - Studio
Rent: $3,395; Market Value: $3,350; Lease Expires: 4/30/26
Unit 3F - Studio
Rent: $3,425; Market Value: $3,425; Lease Expires: 6/30/26
Unit 3R - Studio
Rent: $2995; Market Value: $2995 LXP 4/30/26
Monthly Projected Rents: $23,570
Annual Projected Rents: $282,840Estimated Expenses (Annual):
Real Estate Taxes: $52,644
Water/Sewer: $1,800
Insurance: $12,917
Heat/Electric: $9,400
Super/Cleaning: $6,900
Repair, Replacements:$7,000
Legal, Accounting: $2,000
Cable: $1,200
Other: $3,000
Total: $96,861
Nominal NOI: $185,979
Vacancy: $15,000
Effective NOI: $170,979
Location
State NY
County New York
Rooms
Basement Other
Interior
Interior Features Smoke Free
Cooling Wall Unit(s)
Fireplaces Number 8
Fireplaces Type Bedroom
Fireplace Yes
Appliance Washer Dryer Allowed
Laundry Washer Hookup, In Unit
Exterior
Exterior Feature Private Outdoor Space Over 60 Sqft
View Y/N No
View Other
Porch None
Private Pool No
Building
Story 4
New Construction No
Others
Pets Allowed Pets Allowed
Tax ID 1053-0047
Ownership None
Monthly Total Fees $4, 387
Special Listing Condition Standard
Pets Allowed Building Yes, No
Nearby Locations
GET MORE INFORMATION
Https://realtormls.properties/ .