362 West 30th Street #NA New York City, NY 10001
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4950000
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0Bed

0Bath

0SqFt

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Key Details

Property Type: Townhouse

Listing Status: Active

Purchase Type: For Sale

MLS Listing ID: RPLU-326416485309

Property Description

Cushman & Wakefield has been retained on an exclusive basis to arrange for the sale of 362 West 30th Street, a 4-story, 3,200 square-foot townhouse located at the nexus of the Hudson Yards, Manhattan West and Chelsea - the epicenter of the most dynamic areas in Manhattan. Built in 1848, the offering is one of the oldest residences in Manhattan, a reminder of Chelseas earlier days as a bucolic suburb within the metropolis of Manhattan. The building presently consists of an owner-occupied duplex encompassing the garden and parlor floors in addition to two floor-through units on the third and fourth floors which are occupied by free market tenants on a month-to-month basis. Therefore, prospective purchasers benefit from vacant possession immediately upon closing. Additionally, the building features a well-maintained private garden that blossoms with the passing seasons, a rare occurrence in Manhattan. Along the front and back facades of the building, well-kept yet whimsical vines cascade throughout, further enhancing the propertys aesthetic beauty and overall charm.With record levels of investment pouring into the surrounding neighborhoods, 362 West 30th Street presents a rare opportunity with a variety of potential visions including the creation of a one-ofa- kind single family residence or the expansion and repositioning of the building into a lucrative cash-flowing investment vehicle that is poised to achieve significant rental upside. The townhouse is not landmarked nor located within a Historic District, giving a prospective purchaser the unique ability to use the remaining approximately 5,500 square feet of excess development rights to add on to the back of the property and/or increase the height. The extensive rear yard is currently 60 feet deep, making it viable to add depth to the existing structure for more flexible layouts while preserving the coveted private outdoor garden. This is a unique opportunity for an investor, developer, or user looking for a chance to capitalize on the excitement of Manhattans most rapidly expanding neighborhoods.The immediate vicinity of 362 West 30th Street has recently emerged as one of Manhattans most desirable residential enclaves due to over $27 billion in recent public and private investments including Hudson Yards, Manhattan West, and the High Line, all of which are within short walking distance of the subject property. With many tenants and retailers relocating to the area including Coach, LOreal, Time Warner, Wells Fargo Securities, KKR, Whole Foods, Neiman Marcus and more, demand for housing in the neighborhood has been on the rise and is expected to continue as more developments welcome new workers to the area. With its stellar location and dynamic neighborhood life, 362 West 30th Street is an incredible opportunity for an investor or user alike to take advantage of one of the best properties available in New York City today.

Location

State: NY

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