412 West 36th Street

Property Description

Newmark has been retained on an exclusive basis to arrange for the sale of 412 West 36th Street. The 11,175 ± SF multifamily property is located on the south side of West 36th Street between Ninth and Tenth Avenues in the Midtown West neighborhood, just steps from Hudson Yards, New York’s largest private luxury development. 412 West 36th Street is comprised of fourteen (14) units between a front building and a carriage house. The front building is 6-stories and approximately 25’ x 60’, consisting of ten (10) two-bedroom, one-bathroom apartments over one (1) floor through two-bedroom, two-bathroom apartment on the ground floor. The carriage house is 3-stories and approximately 25’ x 29’, consisting of three (3) two bedroom, one-bathroom apartments. The ground floor of the carriage house is used as mechanical space and alternative storage. There is a private courtyard separating the two buildings. The property was substantially rehabilitated in 2014, leaving the property in condo-end finished condition. Each unit contains hardwood floors, stainless steel appliances, granite countertops, tile bathrooms, exposed brick, Mitsubishi PTAC heating and AC Units, and a Bosch washer/dryer combination. The units are also individually metered, allowing future ownership to pass expenses through to the tenants. The building also benefits from a modern security system. This opportunity offers investors strong and stable cashflow through competitive unit layouts in an ever-growing neighborhood.