428 West 44TH Street, New York City, NY 10036
Listing Courtesy of Brown Harris Stevens Residential Sales LLC
$4,050,000
Potential Rebate: $60,750
Overview
20' wide four-story 6-unit brick building FULLY DEREGULATED since 2015 and 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 again renovated and new appliances installed within the past ten years.<br> <br> Currently the configuration is Parlor and Garden apartments each 900 sq ft one bedrooms that 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. Midtown offices, Broadway theatres, Hudson Yards, Manhattan West offices, Hudson River Park, subways A,C,E,7,N, Q,R,1,2,3 all 10 minutes away. Owner/Broker<br> <br> LAYOUT/RENT ROLL<br> Garden Unit - Floor Through 1 Bedroom<br> Rent: $4,495; Market Value: $4,495; Lease Expires: 9/30/25<br> Parlor Unit - Floor Through 1 Bedroom<br> Rent: $4,860; Market Value: $4,860; Lease Expires: 2/28/25<br> Unit 2F - Studio<br> Rent: $3,440; Market Value: $3,550; Lease Expires: 4/30/26<br> Unit 2R - Studio<br> Rent: $3,395; Market Value: $3,450; Lease Expires: 11/30/25<br> Unit 3F - Studio<br> Rent: $3,425; Market Value: $3,425; Lease Expires: 6/30/26<br> Unit 3R - Studio<br> Rent: $2,995; Market Value: $2,995; Vacant<br> <br> Monthly Projected Rents: $22,775<br> Annual Projected Rents:$ 273,300<br> <br> Estimated Expenses (Annual):<br> Real Estate Taxes: $52,644<br> Water/Sewer: $1,800<br> Insurance: $12,917<br> Heat/Electric: $9,400<br> Super/Cleaning: $6,900<br> Repair, Replacements:$7,000<br> Legal, Accounting: $2,000<br> Cable: $1,200<br> Other: $3,000<br> <br> Total: $96,861<br> <br> Nominal NOI: $176,439<br> Vacancy: $15,000 <br> Effective NOI: $161,439
Home Features
- •Washer Hookup
- •In Unit
- •Private Outdoor Space Over 60 Sqft
- •Smoke Free
- •Washer Dryer Allowed
Why Buy With Us
Rebates Up To
2.5%
25+ Years
Experience
REBNY & NAR
Member
Verified
Listings
RLS IDX Data display by Real Estate Rebate Team. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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 and for no listing shall the number of bedrooms listed be considered a legal conclusion.
The Real Estate Rebate Team
Listing Courtesy of Brown Harris Stevens Residential Sales LLC
Data Source: TRESTLE #RLS20050253
Hell's Kitchen
Restaurant Row & Nightlife
\nHell's Kitchen (Clinton) is vibrant, diverse, and food-focused. It stretches west of the Theater District.
\nReal Estate & Housing Market
\nWalk-up tenements mix with massive new luxury rental towers (like Sky and Silver Towers).
\nLifestyle & Community
\nThe dining scene along 9th Ave is legendary. Very popular with the LGBTQ+ community and Broadway actors.
\nTransportation & Accessibility
\nA/C/E at 8th Ave. Port Authority offers buses everywhere.
\nParks, Schools & Amenities
\nHudson River Park is the backyard. Intrepid Museum nearby.
\nWho This Neighborhood Is Best For
\nBest for foodies, theater lovers, and young professionals.
