212-937-7011

313 West 55th Street Active

$3,600,000

20 Rooms
4 Bedrooms
8 Baths

Type: Multi family townhouse
Maintenance: $0
Taxes: $63,792

Built circa 1920, this wonderful 4-story multi-residential townhouse is located within the heartbeat of NYC’s cultural epicenter, on a tree-lined residential block, a few blocks from Central Park and Columbus Circle. The building is currently divided into 8 incredibly well-maintained one-bedroom and studio apartments (2 per floor) that each offer unique details including marble decorative fireplaces, high ceilings and tall windows, and a large garden off the rear of the house with access from the first floor rear apartment. The house is fully rented with 7 free market leases (leases end in 2022 with one ending in 2023) and one rent stabilized unit, all with excellent tenants. With a strong rent roll, very reasonable expenses, and approximately 6400 sf of unused air rights, this house is a great investment property with a very strong return (3.18% cap rate). With a great location, desirable apartments and a very attractive financial profile, this is an incredible opportunity! Rent Roll upon Request.313 West 55th Street is ideally positioned on a pretty, tree-lined residential block (with lit trees in the winter) only a few blocks from Central Park! Its superb location is within the heart of NYC’s cultural epicenter proximate to Lincoln Center, Juilliard School, The Met Opera, Carnegie Hall, Radio City Music Hall and Broadway. The townhouse is conveniently located near excellent shopping, renowned cultural institutions and excellent public transportation options with Columbus Circle’s transportation hub only a few blocks away. The house also offers one of the best locations for dining options in the city!Real estate agents affiliated with The Corcoran Group are independent contractors and are not employees of The Corcoran Group. The Corcoran Group is a licensed real estate broker located at 590 Madison Ave., New York, NY. All information herein is intended for information purposes only and has been compiled from sources deemed reliable, but Corcoran makes no warranty or representation as to the accuracy thereof. All dimensions and measurements provided are approximate. To obtain exact dimensions, Corcoran advises you to hire a qualified architect or engineer. Equal Housing Opportunity