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424 W 49th St

3,462 SF Office/Retail Unit Offered at £1,825,489 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 £1,825,489
Unit Size 3,462 SF
No. Units 1
Total Building Size 10,050 SF
Property Type Residential (Unit)
Property Subtype Apartment
Sale Type Investment or Owner User
Building Class C
Number of 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
Price £1,825,489
Price Per SF £527.29
Unit 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.

Walk Score ®
Walker's Paradise (100)
Transit Score ®
Rider's Paradise (100)
Bike Score ®
Biker's Paradise (95)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Amenities

Site Amenities

  • Storage Space

zoning

Zoning Code R8 (High Density Residential District)
R8 (High Density Residential District)
  • Listing ID: 34274873

  • Date on Market: 23/12/2024

  • Last Updated:

  • Address: 424 W 49th St, New York, NY 10019

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