$4,950,000
Updated 6 years ago
Off Market

359-361 West 52nd Street

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

8,688 Square FeetIncome Property

$4,950,000
floors / apts4 / 6
Lot Size37'5"x100'4"
Building TypeLow-Rise
RE Taxes$104,279
Price Per SF
$570

Building Amenities

  • Voice Intercom

Property Description for 359-361 West 52nd Street

359 & 361 West 52nd Street are two adjacent 18.75' wide four-story, mixed-use buildings located on the north side of West 52nd Street between 8th and 9th Avenue. Both buildings have development rights allowing for an additional 5,800 sf of residential space to be built. #359 has four 2BR residential units (one per floor) as well as a one-story carriage house at the rear that is used by the ground floor commercial space of 361 West 52nd Street. There is also a basement space with direct Street access. #361 has a ground floor commercial space that is built full on the lot and floor-through three 2BR apartments on the 2nd, 3rd and 4th Floors. There is also a great cellar. 361 West 52nd Street will be delivered vacant. The fourth floor of 359 West 52nd Street is owner-occupied, while the remaining 3 floor-through units are on month-to-month leases.

Listing History for 359-361 West 52nd Street

Now
02/22/2021
POM by Chris Brodhead
B6 Real Estate Advisors
2021

Building Details for 359-361 West 52nd Street

OwnershipIncome Property
Building TypeLow-Rise
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1920
Floors/Apts4/6
Learn More About the Building

Transit and Citi Bike

Subway

50 St
0.14 miles
50 St
0.24 miles
7 Av
0.3 miles
57 St-7 Av
0.33 miles
49 St
0.34 miles

Citi Bike

8 Ave & W 52 St
0.1 miles
W 54 St & 9 Ave
0.12 miles

Contact Agents

Contact Agents

Chris Brodhead
B6 Real Estate Advisors
Nikola Cosic
B6 Real Estate Advisors

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: 75884TH