$2,800,000
Updated 4 years ago
Sold

313 West 55th Street

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

20 Rooms4 Beds8 Baths4,732 Square FeetIncome Property

$2,800,000
floors / apts4 / 8
Lot Size18'x100'4"
Built Size18' wide
ZoneR8
Building TypeTownhouse
RE Taxes$63,792
Price Per SF
$592

This property was sold for $2,800,000 on 11/03/22.

Outdoor space and views

  • Garden

Building Amenities

  • Voice Intercom
  • Garden

Property Description for 313 West 55th Street

Built circa 1920, this wonderful 4-story multi-residential townhouse is located within the heartbeat of NYC's cultural epicenter, on a tree-lined residential block, a few blocks from Central Park and Columbus Circle. The building is currently divided into 8 incredibly well-maintained one-bedroom and studio apartments (2 per floor) that each offer unique details including marble decorative fireplaces, high ceilings and tall windows, and a large garden off the rear of the house with access from the first floor rear apartment. The house is fully rented with 7 free market leases (leases end in 2022 with one ending in 2023) and one rent stabilized unit, all with excellent tenants. With a strong rent roll, very reasonable expenses, and approximately 6400 sf of unused air rights, this house is a great investment property with a very strong return (3.18% cap rate). With a great location, desirable apartments and a very attractive financial profile, this is an incredible opportunity! Rent Roll upon Request.

313 West 55th Street is ideally positioned on a pretty, tree-lined residential block (with lit trees in the winter) only a few blocks from Central Park! Its superb location is within the heart of NYC's cultural epicenter proximate to Lincoln Center, Juilliard School, The Met Opera, Carnegie Hall, Radio City Music Hall and Broadway. The townhouse is conveniently located near excellent shopping, renowned cultural institutions and excellent public transportation options with Columbus Circle's transportation hub only a few blocks away. The house also offers one of the best locations for dining options in the city!

Real estate agents affiliated with The Corcoran Group are independent contractors and are not employees of The Corcoran Group. The Corcoran Group is a licensed real estate broker located at 590 Madison Ave., New York, NY. All information herein is intended for information purposes only and has been compiled from sources deemed reliable, but Corcoran makes no warranty or representation as to the accuracy thereof. All dimensions and measurements provided are approximate. To obtain exact dimensions, Corcoran advises you to hire a qualified architect or engineer. Equal Housing Opportunity

Listing History for 313 West 55th Street

Now
11/03/2022
$2,800,000
Sold and Closed by Deanna Kory
Corcoran
09/27/2022
Contract Signed by Deanna Kory
Corcoran

Building Details for 313 West 55th Street

OwnershipIncome Property
Building TypeTownhouse
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1920
Floors/Apts4/8
Learn More About the Building

Transit and Citi Bike

Subway

57 St-7 Av
0.21 miles
59 St-Columbus Circle
0.21 miles
7 Av
0.25 miles
50 St
0.25 miles
50 St
0.28 miles

Citi Bike

8 Ave & W 55 St
0.03 miles
W 56 St & 8 Ave
0.06 miles

Contact Agents

Contact Agents

Deanna Kory
Corcoran
Lynn Nguyen
Corcoran

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: 83320TH