This is a RARE Investment OPPORTUNITY to own a fully occupied rental building. The building, which is well run, is in walking distance to the Hudson Yards, with all its amenities, shopping and restaurants. The building is nestled between many new buildings on 36th street and just around the corner from the long-established Glass Farmhouse Condo along with the Baryshnikov Arts Center on West 37th. The property is a 25 ft wide, 6 story fully occupied building that was built in 1900. It currently has 24 rental apartments. Each apartment is a studio and 2 of the ground floor units share outdoor space. Several units have been renovated; The basement is well maintained with all updated utilities.
This could also be a great New Development opportunity. There is only one rent stabilized apartment and the remaining 23 apartments command fair market rent. Zoning permits the add on of more floors to the building. There is 6,639 ft of unused buildable area. The Zoning is: R8A Building sqft: 8,214 Lot dimensions: 25' x 98.75' Building dimensions: 25' x 51.
Rent Roll, Income and Expenses available upon request.
Listed by Ralph Godfrey
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License #10401378160
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Compass
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(917) 406-3708
Listed by Percy Mori
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License #10401371545
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Compass
Last updated August 30, 2025
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Source: REBNY #RLS20039872
Listing Facts
TypeMulti-family
NeighborhoodHudson Yards
Bedrooms20
Bathrooms20
Days on Prevu41
HOA/Maint. Fees$8,000/month
Taxes$164,304/year
Size8,214 sqft
Price per sqft$1,582
Location
Mortgage Calculator
Listing History
07/30/2025
Listed by Compass
$12,998,000
Estimated Closing Costs
Total
$690,595
Attorney Fees
$4,000
NYC Mansion Tax
$422,435
Title Insurance
$58,491
Bank Attorney
$1,500
Mortgage Recording Tax
$200,169
Other Closing Costs
$4,000
Estimated closing costs are based on the list price of $12,998,000 and a 20% downpayment. These estimates are for indicative purposes only. Actual closing costs may vary for each transaction. See the Closing Costs Calculator for calculations specific to your situation.
Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.