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421 West 50th St., New York, NY 10019

$3,685,000
Active Listing
Listing Details:
$3,685,000 Price
Single-Family Townhouse Property Type
Hells Kitchen Neighborhood
5 Beds
6.5 Baths
-- Approx. Sq. Ft.
$2,434 RET
Key Features:
Prewar
Unit Garden
Unit Laundry
Unit Terrace
Description:

Welcome to 421 West 50th Street, a beautiful 4 story brick 1920's townhouse in Midtown West. This two unit multifamily is situated on a lovely, residential, tree lined block. Currently this home is built 16.67' wide by 50' deep on a 16.67' by 100' lot.

UNIT 1 A garden duplex with 2 bedrooms, 2.5 bathrooms, in unit laundry, access to a 33' by 50' shared garden and a fully renovated chef's kitchen with stainless steel appliances, an island and granite countertops.

UNIT 2 A triplex with 3 bedrooms, 3.5 bathrooms, in unit laundry, access to a private roof terrace and a fully renovated chef's kitchen with stainless steel appliances, an island and granite countertops.

A rare opportunity exists to combine with 419 West 50th Street to create a truly incredible single-family home with over 33 feet of frontage or a condo conversion with almost 14,000 additional FAR (combined for 419 & 421). For the savvy investor, this would be an ideal property for 1031 exchange or for someone who is looking to live in an income producing asset. The possibilities are endless and both buildings will be delivered vacant.

Hell's Kitchen is a special place to call home. With beloved restaurants such as Bocca di Bacco, Five Napkin Burger, Totto Ramen, Kashkaval and The Marshal you won't tire of the same old fare. Take a stroll along the Hudson River, visit the Intrepid Museum or MoMA, and enjoy easy access to shopping at Bergdorf Goodman, Sak's and Rockefeller Center. Whole Foods, Columbus Circle and Hudson Yards are just a short walk away and, if a sweet tooth is your thing, make sure to pick up a treat at some of our local favorites; Schmackary's Cookies or Amy's Bakery.

PROPERTY HIGHLIGHTS
Four story multifamily building with 6,377 additional FAR
Delivered Vacant
2 Free Market Units
Conversion Potential
Single user Potential
1031 Exchange
B9 Dwelling Classification with R8 Zoning
Proximity to 1/2/3/S/7/A/C/E/B/D Subways
NJ Transit buses at Port Authority
Easy Grand Central access via the 50th Street Crosstown Bus

Listing courtesy of The Corcoran Group

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