460 W 51st ST New York (manhattan), NY 10019
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Subdivision Hell'S Kitchen/Clinton
MLS Listing ID KEY836127
Rental Info No
Year Built 1920
Annual Tax Amount $39,896
Property Sub-Type Multi Family
Source onekey2
Property Description
Once again - FREE MARKET RENTS!! Very Rare Find! Even with the current rent roll the cap rate is above 4% which in New York City is typically 3% and under. Being that current leases all end in the mid of this year, with the exception of one that ends in Jan of 2026, you can and should observe the proforma, along with the rental use of the finished basement which is currently not in use, and you can easily achieve a 6% and higher cap rate in the greatest and most luxurious city in the world!!
Location
State NY
County New York (manhattan)
Rooms
Basement Bilco Door(s), Finished, Full, Partially Finished, See Remarks, Storage Space
Interior
Heating Electric, ENERGY STAR Qualified Equipment, Hot Air, Hot Water, Other
Cooling Central Air
Fireplace No
Exterior
Parking Features Off Site, On Street, Open
Fence Perimeter
Utilities Available Cable Available, Cable Connected, Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Phone Available, Phone Connected, See Remarks, Sewer Available, Sewer Connected, Trash Collection Public, Underground Utilities, Water Available, Water Connected
View City, Neighborhood
Building
Lot Description Back Yard, Garden, Landscaped, Near Public Transit, Private, See Remarks, Views
Story 5
Sewer Public Sewer
Water Public
Structure Type Brick,Energy Star,Foam Insulation,Other,Stone,Structurally Insulated Panels,Stucco
Schools
Elementary Schools Ps 111 Adolph S Ochs
Middle Schools City Knoll Middle School
High Schools Independence High School
School District Manhattan 2
Others
Special Listing Condition None
Salmon Real Estate has been selling residential homes and commercial property on Staten Island since 1956, making us the oldest independent real estate firm on Staten Island.
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