$4,700,000
Updated 3 years ago
Off Market

458 West 51st Street

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

23 Rooms8 Beds5 Baths4,120 Square FeetMulti-Family

$4,700,000
floors / apts5 / 5
Lot Size20'10"x100'5"
Built Size20'10"x50'
ZoneR8
Building TypeTownhouse
RE Taxes$40,718
Price Per SF
$1,141

Listing Features

  • Original Details

Outdoor space and views

  • Backyard
  • Garden [21'x46']
  • Treeline Views

Building Amenities

  • Voice Intercom
  • Garden
  • Gated Entry
  • Second Entry
  • Stoop Entry

Property Description for 458 West 51st Street

458 West 51st Street is a four story apartment building located on a tree-lined street in Hell’s Kitchen. The building is currently divided into 5 incredibly well-maintained apartments all of which are free market. Apts 3, 4, and 5 each have 2 bedrooms plus a home office/den with radiator heating and a wall mounted air conditioner. Kitchens and bathrooms have been renovated and have stainless steel appliances. Each apartment features their own washer/dryer, high ceilings, exposed brick, and recessed lighting. Apt 2 is a large one bedroom with a home office/den located on the parlor level with extra high ceilings. This apartment has also been renovated and has the same finishes as the 2 bedroom apartments. Apt 1 is the garden apartment which is also a one bedroom with a home office/den and has a spacious private backyard which is almost 1,000 sq ft. This is a great opportunity for a sold return now, with potential for increased rents. Enjoy reduced monthly expenses as there are separate electric heating systems installed in each unit which tenants are responsible for paying. Very large backyard with an opportunity to build on along with about 8,000 SF of additional air rights. Check with an architect. The building is walking distance to the E, C, B, D, A and 1 trains. A 1031 exchange or a potential developer will find great upside here.

Listing History for 458 West 51st Street

Now
09/20/2023
TOM by Kevin Geloso
Compass
04/27/2023
$4,700,000 [-$500,000] [9.6%]
Price Drop by Kevin Geloso
Compass

Building Details for 458 West 51st Street

OwnershipMulti-Family
Building TypeTownhouse
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1920
Floors/Apts5/5
Learn More About the Building

Transit and Citi Bike

Subway

50 St
0.3 miles
50 St
0.42 miles
49 St
0.49 miles

Citi Bike

W 50 St & 10 Ave
0.06 miles
W 50 St & 9 Ave
0.12 miles

Contact Agents

Contact Agents

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: 60021TH