Discover the charm and potential of this 1-bed, 1-bath duplex in the heart of Hell's Kitchen. This spacious HDFC restricted apartment offers a rare opportunity for those seeking affordability with endless possibilities for personalization.
HIGHLIGHTS
Downstairs:
Large, windowed open kitchen with ample counter space, perfect for cooking and entertaining.
Spacious living/dining room featuring two oversized windows with sunny southwestern exposure, flooding the space with natural light.
Upstairs:
Bedroom with a spacious layout, southwestern exposure, and a walk-in closet.
Large bathroom with a western facing window, offering natural light and ventilation.
Additional walk in closet offering additional storage options.
Separate access door for added convenience.
Key Details:
Monthly Maintenance: Ultra-low at $325.00.
Income Limits:
1 Person: $95,030
2 Persons: $108,820
No Asset Limit. Gifting is permitted for added flexibility
Flip Tax: 50% on profit from resale, less $20,000 for capital improvements.
This walk-up duplex is in its original condition and awaits your vision and care to make it your own. Enjoy the vibrant Hell's Kitchen neighborhood with its iconic restaurants, theaters, and easy access to transportation.
This is an incredible opportunity to own a piece of New York City at an unbeatable price. Contact the listing agent to schedule a viewing and unlock the potential of 4W at 465 West 46th Street.
Some photo's have been virtually staged
Kitchen, bath and floor renovation recommended
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.