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Image 1 - 431 W 48th St, New York, 10036 - House for sale

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W Th St, New York, Home For Sale

431 W 48th St, New York, 10036

W Th St, New York, Home For Sale

house for sale

8 views

Listed: 07/15/24

431 W 48th St, New York, 10036

8 Bed:

8 Bath:

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Price

$ 3,5M

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About This House

Situated in the heart of Hell's Kitchen, Manhattan, 431 West 48th Street is a prime multi-family building offering significant upside and investment potential. Built in 1920 with recent renovations, this6, 560sq. ft. building sits on a2, 510sq. ft. lot and features 8units, all one-bedroom units, and are well below market rate rents. 3 Rent Stabilized and 5 Free Market units in total.The property's prime location provides convenient access to public transportation, including major subway lines (A, C, E), bus routes, and bike lanes, as well as an array of dining, entertainment, and cultural venues, including Broadway and off-Broadway theaters. Nearby, residents can enjoy Central Park, Hudson River Park, and several local parks. The property currently generates a gross income of … Full description

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Clinton Housing & Living

Household Income

Median household income: $63,799

Number of households: 3,2M

The average household income in New York, NY grew from $60,879 to $63,799 in the past year. This data is an estimate based upon 3,2M households in New York, NY.
The chart below presents how household income is distributed in New York, NY in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $3k+

One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in New York, NY compared to median property taxes around the country. The prevalent amount of property taxes in New York, NY equals $3k+ , which is more than the national average.