445 West 36th Street
Go Back To Previous PageThis is a RARE Investment OPPORTUNITY to own a fully occupied rental building. The building, which is well run, is in walking distance to the Hudson Yards, with all its amenities, shopping and restaurants. The building is nestled between many new buildings on 36th street and just around the corner from the long-established Glass Farmhouse Condo along with the Baryshnikov Arts Center on West 37th.
The property is a 25 ft wide, 6 story fully occupied building that was built in 1900. It currently has 24 rental apartments. Each apartment is a studio and 2 of the ground floor units share outdoor space. Several units have been renovated; The basement is well maintained with all updated utilities.
This could also be a great New Development opportunity. There is only one rent stabilized apartment and the remaining 23 apartments command fair market rent. Zoning permits the add on of more floors to the building. There is 6,639 ft of unused buildable area.
The Zoning is: R8A
Building sqft: 8,214
Lot dimensions: 25′ x 98.75′
Building dimensions: 25′ x 51.
Rent Roll, Income and Expenses available upon request.
Georges has been working in Wall Street for the last 16 years trading derivatives with hedge funds. He has been an active real estate investor for over a decade. Georges graduated from HEC Business School in Paris and holds a master in Finance from ESADE Barcelona.
