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424 W 49th St
New York, NY 10019 Times Square

$2,295,000 USD

Apartments Condo For Sale  •  3,462 SF

Property Details

  • Property Type Apartments
  • Total Building Size 10,050 SF
  • Lot Size 0.06 AC
  • Building Class C
  • Year Built 1920
  • Zoning R8
100 Transit Score
100 Walk Score

1 Unit Available

Name Condo Use Size Price Details
1st Floor - Unit 1A Office/Retail 3,462 SF $2,295,000 USD
  • Unit Size: 3,462 SF
  • Condo Use: Office/Retail
  • Price: $2,295,000 USD
  • Sale Type: Investment or Owner User
  • Price/SF: $662.91 USD
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.

Description

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

Highlights

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 Flyers

Financial Summary

Total Expenses: $0 USD

Amenities

  • Storage Space

Public Transportation

Commuter RailDriveWalkDistance
New York Penn Station (Njt) (Babylon Branch - Long Island Rail Road, Far Rockaway Branch - Long Island Rail Road, Hempstead Branch - Long Island Rail Road, Long Beach Branch - Long Island Rail Road, Montauk Branch - Long Island Rail Road, Montclair-Boonton Line - Long Island Rail Road, Morris & Essex Gladstone Branch - Long Island Rail Road, Morris & Essex Morristown Line - Long Island Rail Road, North Jersey Coast Line - Long Island Rail Road, Northeast Corridor Line - Long Island Rail Road, Port Jefferson Branch - Long Island Rail Road, Port Washington Branch - Long Island Rail Road, Ronkonkoma Branch - Long Island Rail Road, West Hempstead Branch - Long Island Rail Road) 4 min - 1.6 mi
Ny Moynihan Train Hall At Penn Station (Crescent - Amtrak, Ethan Allen Express - Amtrak, Keystone Service - Amtrak, Lake Shore Limited - Amtrak, Northeast Regional - Amtrak) 4 min - 1.8 mi
Transit/SubwayDriveWalkDistance
50 Street (A,C,E Line) (A - New York MTA Subway (The Subway), C - New York MTA Subway (The Subway), E - New York MTA Subway (The Subway)) 1 min 5 min 0.3 mi
50 Street (1,2 Line) (1 - New York MTA Subway (The Subway), 2 - New York MTA Subway (The Subway)) 1 min 8 min 0.4 mi
49 Street (N - New York MTA Subway (The Subway), R - New York MTA Subway (The Subway)) 1 min 8 min 0.4 mi
42 Street-Port Authority Bus Terminal (A - New York MTA Subway (The Subway), C - New York MTA Subway (The Subway), E - New York MTA Subway (The Subway)) 3 min 11 min 0.6 mi
7 Avenue (B,D,E Line) (B - New York MTA Subway (The Subway), D - New York MTA Subway (The Subway), E - New York MTA Subway (The Subway)) 2 min 11 min 0.6 mi
AirportDriveWalkDistance
Laguardia 18 min - 8.4 mi
Newark Liberty International 20 min - 14.4 mi
John F Kennedy International 29 min - 18.3 mi

Parking Details

Parking Available: Yes
Reserved: No
Type: Surface
Included in Rent: Yes
Chanda Colón 616-284-7057 Douglas Elliman Commercial Real Estate
Chanda Colón 616-284-7057 Douglas Elliman Commercial Real Estate