Updated 9 years ago
Off Market
211 West 58th Street
Midtown West, Manhattan | Seventh Ave & Eighth Ave
9,270 Square FeetRental Property
$6,750,000
floors / apts5 / 14
Lot Size25'x100'
ZoneC2-1
Building TypeLow-Rise
Price Per SF
$728
Building Amenities
- Voice Intercom
Property Description for 211 West 58th Street
The subject property is a 5-story mixed-use walk-up apartment building located on the north side of West 58th Street between Broadway and Seventh Avenue featuring 14 residential units and 1 retail store. The property benefits from a one-block walk to Central Park as well as access to the 1/2, A/B/C/D, and N/Q/R trains within a three-block radius. The retail space is currently occupied by the famed piano dealer, Klavierhaus, on a month-to-month basis at $12,000 per month. The apartment breakdown consists of one (1) two-bedroom apartment, one (1) one-bedroom with an office, and twelve (12) studios. Eleven (11) of the fourteen (14) units are currently free market, while the remaining three (3) consist of two (2) rent stabilized and one (1) rent controlled apartment. All rent regulated apartments are significantly below market. Six (6) of the free market units are currently vacant while the remaining five (5) are leased on a month-to-month basis. All of the free market units could achieve substantially higher rents upon renovation. The gross annual revenue with projections for the vacant and month-to-month apartments is approximately $515,000 with a projected net operating income of approximately $306,000.
Listing History for 211 West 58th Street
Now
06/10/2013
POM by Robert Knakal
Cushman & Wakefield
03/29/2013
$6,750,000
Initial Price by Robert Knakal
Cushman & Wakefield
Building Details for 211 West 58th Street
OwnershipRental Property
Building TypeLow-Rise
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1920
Floors/Apts5/14
Transit and Citi Bike
Subway
57 St-7 Av
0.14 miles
59 St-Columbus Circle
0.15 miles
57 St
0.23 miles
7 Av
0.27 miles
5 Av/59 St
0.37 miles
Citi Bike
7 Ave & Central Park South
0.05 miles
Broadway & W 58 St
0.09 miles
Contact Agents
Contact Agents
Robert Knakal
Cushman & Wakefield
Jonathan Hageman
Cushman & Wakefield
Christoffer Brodhead
Cushman & Wakefield
Midtown West | Manhattan
Quick Profile
People, yellow cabs, bright lights, big crowds, 24-hour eateries and just about every type of store imaginable. it’s a frenetic buzz that only a few places on the globe can offer. And that’s just one part of it. Midtown West is the birthplace of hustle and bustle and it’s bordered by 42nd to the south, 59th Street to the north, 8th Avenue to the west, and 5th Avenue to the east.
Midtown West is not as residential as other neighborhoods in Manhattan. The bustling part of Midtown West is 42nd Street between Times Square and 8th Avenues where the retail and office space, theatres, and attractions are. No matter what time of day it is, you'll always find activity there.
Residential buildings lay near the western end of Midtown West beginning around 8th Avenue.
Location, location, location. Of all the neighborhoods and enclaves of Manhattan, Midtown West is perhaps the most commutable place to live, visit, or work. It contains one of the highest concentrations of subway lines in the Big Apple. A, C, E, N, Q, R, 1, 2, 3, and the 7 train. The transit system feeds the streets with commuters from everywhere. The Port Authority Bus Terminal and nearby Penn Station adds to the number of people that flood Midtown on any given day.
It’s one of the easiest places in all of Manhattan to navigate because it’s a true grid. Uptown, street numbers go up. Downtown, street numbers go down. It’s the same concept from east to west. You really can’t get lost in Midtown West.
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: 48481TH
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