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428 West 44th Street
Hell's Kitchen, Manhattan | Ninth Ave & Tenth Ave
Income Property
$3,550,000 $3,950,000
Follow This Listing
Follow This Listing
$3,550,000 $3,950,000
Updated 4 days ago

428 West 44th Street

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

Income Property

$3,550,000 $3,950,000
floors / apts4 / 6
Building TypeTownhouse
RE Taxes$52,644

Outdoor space and views

  • Backyard

Building Amenities

  • Voice Intercom
  • Garden

Property Description for 428 West 44th Street

20' wide four-story 6-unit brick building fully deregulated since 2015, can be delivered vacant.
Located on what is widely regarded as the best block in Clinton. Set between Actors Studio and New Dramatists, the house is mid block among a row of well maintained brownstone houses, several single family. This entire building was gut renovated in 1968 when new electric, plumbing and structural work was done but much of the original period character and detail was retained. New Weil McLain 355,000 BTU gas fired steam boiler in 2023 and new AO Smith hot water tanks in 2022. All of the apartments were renovated and new appliances installed within the past ten years.

Suitable for conversion to a single family. We have plans drawn to combine the Garden and Parlor floors into a 3 Bedroom apartment. The current configuration is: Parlor and Garden apartments are each floor-thru one bedrooms and share a bright south facing landscaped garden. The 3rd and 4th floors each have two studio rental apartments. The building can be delivered entirely VACANT. The building has significant unused FAR which may be used to add a fifth floor and extend the rear. (Check with your architect.) This building is in the Special Clinton Zoning District which is intended to preserve the low rise character of the neighborhood. Within walking distance are Midtown offices, Broadway theatres, Hudson Yards, Manhattan West offices, Hudson River Park, subways A,C,E,7,N, Q,R,1,2,3. Owner/Broker

RENT ROLL & EXPENSES:
Garden Unit - Floor Through 1 Bedroom plus 800 sq ft garden
Rent: $4,695; Market Value: $4,695; Lease Expires: VACANT

Parlor Unit - Floor Through 1 Bedroom
Rent: $4,860; Market Value: $4,990; Lease Expires: 3/31/26

Unit 2F - Studio
Rent: $3,440; Market Value: $3,550; Lease Expires: 4/30/26

Unit 2R - Studio
Rent: $3,395; Market Value: $3,350; Lease Expires: 4/30/26

Unit 3F - Studio
Rent: $3,425; Market Value: $3,425; Lease Expires: 6/30/26

Unit 3R - Studio
Rent: $2995; Market Value: $2995 LXP 4/30/26

Monthly Projected Rents: $23,570
Annual Projected Rents: $282,840Estimated Expenses (Annual):

Real Estate Taxes: $52,644
Water/Sewer: $1,800
Insurance: $12,917
Heat/Electric: $9,400
Super/Cleaning: $6,900
Repair, Replacements:$7,000
Legal, Accounting: $2,000
Cable: $1,200
Other: $3,000
Total: $96,861

Nominal NOI: $185,979
Vacancy: $15,000
Effective NOI: $170,979

Listing History for 428 West 44th Street

Now
05/28/2026
$3,550,000 [-$400,000] [10.1%]
Price Drop by Wolf Jakubowski
Brown Harris Stevens
01/11/2026
$3,950,000 [-$100,000] [2.5%]
Price Drop by Wolf Jakubowski
Brown Harris Stevens
Load More

Building Details for 428 West 44th Street

OwnershipIncome Property
Building TypeTownhouse
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1856
Floors/Apts4/6
Learn More About the Building

Transit and Citi Bike

Subway

42 St-Port Authority Bus Terminal
0.24 miles
50 St
0.39 miles
Times Sq-42 St
0.41 miles
49 St
0.45 miles
50 St
0.48 miles

Citi Bike

W 44 St & 9 Ave
0.07 miles
W 42 St & Dyer Ave
0.09 miles

Contact Agents

Contact Agents

Licensed As
Wolf Jakubowski
Associate Broker
License#:
30JA0748708
Company:
Brown Harris Stevens
Wolf Jakubowski
Brown Harris Stevens
Call Agent
Licensed As
Gregory Klein
Salesperson
License#:
10401265569
Company:
Brown Harris Stevens
Gregory Klein
Brown Harris Stevens
Call Agent
Send Appointment Request
View this property on the company's website

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.

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Featured on the Linecity Blog

The MEDIAN

Brooklyn | September 2023

According to New York City records, the median price for an apartment in Brooklyn in September 2023 was $735,000.  The price is identical to last year’s median for the month. The number of sales for September, when compared to 2022, however, fell dramatically from 594 to 375, representing a year-over-year decrease of 37%.   September i...

posted on December 30, 2023
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: 102932TH
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