$5,250,000
Updated 7 years ago
Off Market

458 West 50th Street

Hell's Kitchen, Manhattan | Ninth Ave & Tenth Ave

19 Rooms11 Beds6 Baths5,200 Square FeetIncome Property

$5,250,000
floors / apts5 / 6
Lot Size20'x61'
Built Size20'x47'
ZoneR8
Building TypeTownhouse
RE Taxes$56,664
Price Per SF
$1,010

Listing Features

  • High Ceilings
  • Spiral Staircase
  • WBFP
  • Gas Heat

Outdoor space and views

  • Backyard
  • Patio [29'x17']
  • Terrace [20'x50']

Building Amenities

  • Voice Intercom
  • Garden
  • Gated Entry
  • Roof Deck
  • Second Entry
  • Stoop Entry

Property Description for 458 West 50th Street

Fantastic opportunity to purchase a 6-unit multi-family apartment building in the heart of Midtown West.

The building consists of three 3-bedroom apartments, two 1-bedroom apartments and 1 studio apartment. Highlights of the units include the pre-war charms of exposed brick and wood-burning fireplaces in the units. The penthouse includes access to the roof and a backyard is available for the first floor.

All units in this townhouse are free market and includes special zoning privileges which would allow for a conversion of the building into a bed and breakfast and hotel. The building can be delivered vacant and is approximately 5,200 sq. ft. The new owner could also convert it to a single-family townhouse.

The townhouse is located in Midtown West nearby numerous shops, bars, entertainment and theaters that hold Broadway and Off-Broadway shows in the Theater District. The Rockefeller Center, Carnegie Hall, the Javits Convention Center, and the Intrepid Sea, Air & Space Museum are cultural highlights of the neighborhood, in addition to Restaurant Row.
The townhouse is near the hustle and bustle that is Times Square but also a short distance from the serenity of the waters off the Hudson River to the west and the green lawns of Central Park to the north-east. With the development of the Hudson Yards just to the south, this area of old New York is being revitalized by new construction and outdoor spaces such as the High Line.

It is a half mile from Port Authority Bus Terminal and nearby public transportation that include the 1, A, C, E, N, R, W, B and D subway lines.

Listing History for 458 West 50th Street

Now
03/01/2019
POM by Jules Borbely
Oxford Property Group
01/04/2019
$5,250,000 [-$150,000] [2.8%]
Price Drop by Jules Borbely
Oxford Property Group

Building Details for 458 West 50th Street

OwnershipIncome Property
Building TypeTownhouse
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1910
Floors/Apts5/6
Learn More About the Building

Transit and Citi Bike

Subway

50 St
0.32 miles
50 St
0.44 miles
49 St
0.5 miles
42 St-Port Authority Bus Terminal
0.5 miles

Citi Bike

W 50 St & 10 Ave
0.03 miles
W 50 St & 9 Ave
0.13 miles

Co-exclusive agents

Co-exclusive agents

Jules Borbely
FIND Real Estate
Jake Seigal
Oxford Property Group

Hell's Kitchen | Manhattan

Quick Profile

There is some mystery surrounding Hell’s Kitchen and how it got its name. There’s the tale about two policemen discussing how horrendous the neighborhood was back in 1880’s. The rookie cop turned to the veteran cop and said, “this place is hell.” The veteran cop replied, “No, this is hell’s kitchen.” Some say it's named after a notorious 19th century motorcycle gang. Even the historians will tell you the neighborhood's name has dubious origins. 

Regardless of how it got its name, Hell’s Kitchen is here to stay.

Hell’s Kitchen is an iconic neighborhood on the west side of Manhattan. Its boundaries are 34th and 59th streets and 8th Avenue to the Hudson River. The neighborhood has a dense urban feel with plenty of bars, bodegas, restaurants and coffee shops. It’s inhabited by an eclectic mix of young professionals, long term residents from the old days, LGBQT community and members of the performing arts community - due to the highest number of off Broadway theatres in all of New York CIty. 

From the early 1800’s to the 1980’s, Hell’s Kitchen held the title for one of the toughest neighborhoods in the city. In its early history it was populated by poor working class Irish and street gangs. Riots, violence, and crime were not uncommon. During prohibition times it was said that Hell’s Kitchen had more speakeasies than children. 

Several attempts of neighborhood rebranding have taken place over the years. Clinton, Midtown West, and even the short-lived Hell’s Canyon are a few of the replacement names that have been used. Hell’s Kitchen has a lot of grit and no shortage of fortitude. A trendy name change seems doubtful. 

Hell’s Kitchen benefited greatly from the Times Square clean up in the 1990’s. When crime rates lowered and adult theatres and prostitution disappeared, Times Square became less sleazier. Soon after, Hell’s Kitchen changed. The days of Gangsters, Irish immigrants, and rough and tumble housing tenements are part of its storied history. They’ve been replaced with bars, bodegas, restaurants, off broadway theatres, and luxury buildings. The recent completion of Hudson Yards and the Highline extension has brought new life into Hell’s Kitchen 

Low-rises, brownstones, row houses and 5 to 6 floor walk ups with studio and one bedroom apartments are common in Hell’s Kitchen. The local zoning laws from previous years kept the building heights on the lower side. Over the past decade, developers have been granted exceptions to building height zoning laws and created more modern highrise developments.

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 49605TH