424 W 44th St - Churches FOR SALE


New York, NY 10036- Midtown West
$9,450,000 USD
203-637-2607
424 W 44th St, New York, NY for Sale
$9,450,000 USD
Churches - FOR SALE
1/8
null | Request Cap Rate

424 W 44th St
New York, NY 10036
Midtown West


OVERVIEW

Prime Hell’s Kitchen Opportunity This three-story former community facility is located in Hell’s Kitchen, a few blocks from the major commercial areas of Midtown West and Hudson Yards. The vacant property is a short walk from major Manhattan attractions, including the Broadway Theatre District and Times Square. The maximum FAR for the property, as either a residential or community facility, is 4.20, equating to 8,171 SF of additional development rights and a gross building area of 16,871 SF buildable as-of-right. The Property is prominently positioned approximately 340 feet west of Ninth Avenue on the south side of West 44th Street, with 40 feet of frontage. The improvements comprise a voluminous building that has served as the home for a nonprofit organization that provides numerous services to New York’s performing arts industry. 424 West 44th Street was built in 1910 in the Gothic Revival style. It is three stories tall with a partial lower level. There are several offices, a library, and a large multi-purpose room on the ground floor which can be accessed from the street via six steps. Two staircases in the entryway provide access to the second floor with additional offices and a double height column-free performance space (with an up-to-date Place of Assembly certificate). A staircase on the eastern side of the second floor leads to the upper levels, including the roof. The third floor has a kitchen, offices, and studies for visiting playwriters, and the roof has been renovated to create a roof deck area with a large covered storage area. Virtual Tour: https://my.matterport.com/show/?m=dXijxyfB8vB Investment Highlights • Delivered fully vacant • Column-free performance space • 8,171 SF of excess development rights • Located between the Theater District & Hudson Yards • Nearby numerous transportation options • Neighborhood character protected by the Clinton Preservation District

FOR SALE DETAILS

PRICE

$9,450,000 USD

PRICE/SF

$931 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Churches

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1910

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

4,017 SF

ZONING

R8/CL

APN/PARCEL ID

1053-0045

ASK ABOUT THIS PROPERTY

Cameron TuttleDenham Wolf Real Estate Services, Inc.More Info
203-637-2607

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Cameron TuttleDenham Wolf Real Estate Services, Inc.More Info
203-637-2607

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.