$3,750,000
Updated 11 years ago
Sold

701 Tenth Ave

Hell's Kitchen, Manhattan | West 47th Street & West 48th Street

Rental Property

$3,750,000
floors / apts4 / 5
Lot Size25'x100'
Built Size25'x81'
Building TypeTownhouse
RE Taxes$43,179

This property was sold for $3,200,000 on 07/28/09.

Listing Features

  • Gas Heat
  • No AC

Outdoor space and views

  • Garden

Building Amenities

  • Voice Intercom
  • Laundry Room

Property Description for 701 Tenth Ave

> Located in Clinton Special District, this Mixed-Use brick apartment building is in the midst of a neighborhood charging ahead. > 5 new Residential buildings (3 of them Luxury), have increased the community West of Tenth Ave. > A top ad agency and a high end Hotel will shortly join the community as their spaces near completion. > New small businesses open as foot traffic and demand rise. > This 4 story walk-up building with full basement is in very good-excellent condition. > The ground floor is a Commercial unit (Hardware Store) and the 3 upper floors are Residential (5 free market rental units). > All the residential units have been renovated. > They loft-like apartments with high ceilings, hardwood floors and exposed brick. > The Kitchens are modern with Dishwashers. > All the apartments have Washer/Dryers and through the wall A/C units. > There are approximately 1900 sq feet of unused FAR. > The building is fully rented. > This is a well located, great income producing property. > It is an investment for now and the future.

Listing History for 701 Tenth Ave

Now
07/30/2009
$3,200,000
Sold and Closed by Suzette Meshulam
Brown Harris Stevens Residential Sales LLC
06/07/2009
Contract Signed by Suzette Meshulam
Brown Harris Stevens Residential Sales LLC

Building Details for 701 Tenth Ave

OwnershipRental Property
Building TypeTownhouse
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Floors/Apts4/5
Learn More About the Building

Transit and Citi Bike

Subway

50 St
0.37 miles
42 St-Port Authority Bus Terminal
0.45 miles
50 St
0.49 miles

Citi Bike

W 47 St & 10 Ave
0.05 miles
W 50 St & 10 Ave
0.11 miles

Contact Agent

Contact Agent

Suzette Meshulam
Brown Harris Stevens

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: 28315TH