$6,450,000
Updated 6 years ago
Sold

355-357 West 39th Street

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

8,406 Square FeetMixed Use

$6,450,000
floors / apts4 / 8
Lot Size40'x74'
Built Size40'x45'
ZoneC1-7A
Building TypeLow-Rise
RE Taxes$126,065
Price Per SF
$767

Building Amenities

  • Voice Intercom

Property Description for 355-357 West 39th Street

The subject property consists of a 4-story mixed-use building in the front with 6 residential apartments on the top 3 floors and 2 retail units on the ground floor in addition to a 2-story building in the rear with 2 additional residential apartments. All of the units are free market and have leases expiring within one year, thus providing income with imminent development potential in what will be the new epicenter of New York as the Hudson Yards reshapes the city’s skyline. The subject property is centrally located in the near some of the city’s more popular recreational facilities, tourist attractions, shopping destinations and dining establishments alike. Envisioned to contain upwards of 24 million square feet of Class A office space mixed among 13,500 residential units, the Hudson Yards is expected to attract and cater to this newly vibrant and mixed community of artists, technology companies, media and financial firms. Additionally, side streets and thoroughfares will be home to approximately 1 million square feet of retail that will serve tourists, residents and professionals who will come to take advantage of over 20-acres of public parks and convention space, all of which are within walking distance of 355 West 39th Street.

Listing History for 355-357 West 39th Street

Now
02/27/2015
$6,450,000
Sold and Closed by Robert Knakal
Cushman & Wakefield
2015

Building Details for 355-357 West 39th Street

OwnershipMixed Use
Building TypeLow-Rise
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1920
Floors/Apts4/8
Learn More About the Building

Transit and Citi Bike

Subway

42 St-Port Authority Bus Terminal
0.21 miles
34 St-Penn Station
0.29 miles
Times Sq-42 St
0.31 miles
34 St-Hudson Yards
0.44 miles
34 St-Penn Station
0.44 miles

Railroad

Penn StationLong Island Rail Road
0.41 miles

Citi Bike

W 39 St & 9 Ave
0.01 miles
W 42 St & 8 Ave
0.15 miles

Contact Agents

Contact Agents

Robert Knakal
Cushman & Wakefield
David Kalish
Cushman & Wakefield
Stephen Palmese
Cushman & Wakefield

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: 53374TH