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424 W 49th St
3,462 SF Office/Retail Condo Unit Offered at $2,295,000 in New York, NY 10019
Investment Highlights
- 22-foot Ceiling Heights with continuous Skylights
- Renovated Live / Workspace with option of DOB approved residential conversion, including the opportunity 1,500 SF expansion
- New Surveillance & Security system with mobile control access
- Renovated Ground Level
- HVAC and heating system dedicated solely for both spaces
- Designated Storage Space
Executive Summary
Douglas Elliman Commercial has been exclusively retained by ownership to market for sale 424 W. 49th Street, Unit 1A. 424 W. 49th Street, Unit 1A, is a rare opportunity to acquire a commercial condo in the neighborhood of Historic Special Clinton District in Hell’s Kitchen/ Midtown West. The surprising airy openness found with the impressive ground level 22-foot ceiling heights, provides a loftlike feel. The unit comprises both a commercial and live / workspace. The ground level (2,412 SF) features a continuous skylight; a front desk; an open work area; 2 office spaces; wood floors; a kitchenette; two restrooms and a patio space. The second floor (1,050 SF) is configured as a live / workspace unit with its own private entrance. It includes the option of both board and DOB approved residential conversion and 1,500 SF additional expansion without increasing common charges, adding further flexibility for investors. There is also the opportunity of obtaining direct elevator access to the unit. It is located right in Manhattan’s most energized district that actively benefits from bustling traffic day after day. The space is best suited for special purpose uses, including Creative, Theater and Fitness; Medical and Education, but an excellent opportunity for a special space with a wow-factor. Please contact broker to discuss details. • 22-foot Ceiling Heights with continuous Skylights • Renovated Ground Level Renovated Live / Workspace with option of DOB approved residential conversion, including the opportunity 1,500 SF expansion • HVAC and heating system dedicated solely for both spaces • New Surveillance & Security system with mobile control access • Designated Storage Space
Property Facts
Price | $2,295,000 | Sale Type | Investment or Owner User |
Unit Size | 3,462 SF | Building Class | C |
No. Units | 1 | Floors | 5 |
Total Building Size | 10,050 SF | Typical Floor Size | 2,650 SF |
Property Type | Multifamily (Condo) | Year Built | 1920 |
Property Subtype | Apartment | Lot Size | 0.06 AC |
Price | $2,295,000 |
Unit Size | 3,462 SF |
No. Units | 1 |
Total Building Size | 10,050 SF |
Property Type | Multifamily (Condo) |
Property Subtype | Apartment |
Sale Type | Investment or Owner User |
Building Class | C |
Floors | 5 |
Typical Floor Size | 2,650 SF |
Year Built | 1920 |
Lot Size | 0.06 AC |
1 Unit Available
Unit 1A
Unit Size | 3,462 SF | Condo Use | Office/Retail |
Price | $2,295,000 | Sale Type | Investment or Owner User |
Price Per SF | $662.91 |
Unit Size | 3,462 SF |
Price | $2,295,000 |
Price Per SF | $662.91 |
Condo Use | Office/Retail |
Sale Type | Investment or Owner User |
Description
424 W. 49th Street, Unit 1A, is a rare opportunity to acquire a commercial condo in the neighborhood of Historic Special Clinton District in Hell’s Kitchen/ Midtown West. The surprising airy openness foundwith the impressive ground level 22-foot ceilingheights, provides a loftlike feel. The unit comprises both a commercial and live / workspace. The groundlevel (2,412 SF) features a continuous skylight; a front desk; an open work area; 2 office spaces; wood floors; a kitchenette; two restrooms and a patio space. The second floor (1,050 SF) is configured as a live / workspace unit with its own private entrance. It
includes the option of both board and DOBapproved residential conversion and 1,500 SF additional expansion without increasing commoncharges, adding further flexibility for investors. There is also the opportunity of obtaining direct elevator access to the unit. It is located right in Manhattan’s most energized district that actively benefits frombustling traffic day after day.
The space is best suited for special purpose uses, including Creative, Theater and Fitness; Medical andEducation, but an excellent opportunity for a special
space with a wow-factor. Please contact broker to discuss details.
Sale Notes
Douglas Elliman Commercial has been exclusively retained by ownership to market for sale 424 W. 49th Street, Unit 1A.
Amenities
Site Amenities
- Storage Space
zoning
Zoning Code | R8 (High Density Residential District) |
R8 (High Density Residential District) |
Presented by
424 W 49th St
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