445 West 36th Street, New York City, NY 10018
Listing Courtesy of Compass
$12,998,000
Potential Rebate: $194,970
Overview
This is a RARE Investment OPPORTUNITY to own a fully occupied rental building. The building, which is well run, is in walking distance to the Hudson Yards, with all its amenities, shopping and restaurants. The building is nestled between many new buildings on 36th street and just around the corner from the long-established Glass Farmhouse Condo along with the Baryshnikov Arts Center on West 37th.
The property is a 25 ft wide, 6 story fully occupied building that was built in 1900. It currently has 24 rental apartments. Each apartment is a studio and 2 of the ground floor units share outdoor space. Several units have been renovated; The basement is well maintained with all updated utilities.
This could also be a great New Development opportunity. There is only one rent stabilized apartment and the remaining 23 apartments command fair market rent. Zoning permits the add on of more floors to the building. There is 6,639 ft of unused buildable area.
The Zoning is: R8A
Building sqft: 8,214
Lot dimensions: 25' x 98.75'
Building dimensions: 25' x 51.
Rent Roll, Income and Expenses available upon request.
Home Features
- •See Remarks
- •Private Outdoor Space Over 60 Sqft
Estimated Monthly Payment
$85,920 per month
30 year fixed, 6.28% Interest
Estimated Rebate for this Home
One-time rebate at closing
$194,970
Monthly savings impact
$542/mo
💡 Estimated at 1.5% of purchase price
The rebate is paid to you at closing and can help offset closing costs or other expenses.
Calculator Disclaimer: This calculator provides estimates for informational purposes only. Actual monthly payments, interest rates, taxes, and rebate amounts may vary. The rebate calculation is an estimate and subject to final terms. This information is not provided by the Real Estate Board of New York (REBNY).
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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 Compass
Data Source: TRESTLE #RLS20039872
Price Analysis
Compare average listing prices and value metrics for 445 West 36th Street against the surrounding Hudson Yards market.
Average List Price
Price Per SqFt
17.18% Lower
than the Hudson Yards price-per-sq-ft average
Units in this building are listed below the neighborhood average, potentially offering better value per square foot compared to surrounding properties.
Hudson Yards
Overview of Hudson Yards
Hudson Yards is New York City's newest neighborhood, a technological and architectural marvel built over a rail yard on the Far West Side. It is a "city of the future," featuring gleaming skyscrapers, high-end retail, and public art like The Vessel. For buyers considering Hudson Yards Manhattan real estate, it offers a brand-new, curated luxury experience.
Living in Hudson Yards, Manhattan is akin to living in a luxury resort or a forward-thinking metropolis. Everything is new, clean, and designed for efficiency. As a cutting-edge Manhattan NYC neighborhood, it attracts tech workers, international buyers, and those who prioritize modern amenities and river views above historic charm.
Real Estate & Housing Market
The market for homes for sale in Hudson Yards consists almost entirely of ultra-luxury condominiums. Buildings like 15 Hudson Yards and 35 Hudson Yards offer hotel-level services, including private dining rooms, screening rooms, and pet spas. The finishes are state-of-the-art.
Prices are at the top of the market. This is an area for buyers who want zero renovation work and maximum convenience. The 421-a tax abatements on some buildings have also been a draw for investors looking for long-term holds.
Lifestyle & Community
The lifestyle in Hudson Yards is vertical and convenient. Residents can take an elevator down to buy Cartier jewelry, grab a coffee at Blue Bottle, or dine at a Jose Andres restaurant without leaving the complex. It is a self-contained ecosystem.
While still developing a traditional "neighborhood" feel, the community is forming around the High Line and the public plazas. The events at The Shed arts center bring a cultural vibrancy right to residents' doorsteps.
Transportation & Accessibility
Hudson Yards was unlocked by the extension of the 7 train to 34th Street-Hudson Yards, connecting it directly to Times Square and Grand Central. It is the western terminus of the line.
The neighborhood sits at the northern end of the High Line, allowing for a scenic walk to Chelsea and the Meatpacking District. Proximity to the West Side Highway and the Lincoln Tunnel makes it convenient for car commuters heading to New Jersey or airports.
Parks, Schools & Amenities
The Public Square and Gardens at Hudson Yards functions as a smart park, with controlled soil temperatures and humidity for the plants. The High Line is the major recreational asset, offering a unique linear park experience.
Amenities are unmatched in their specific luxury niche: The Shops at Hudson Yards offer 7 floors of retail and dining. Equinox Hotel provides wellness services. It is a neighborhood built around the concept of "live, work, play" in one place.
Who This Neighborhood Is Best For
Hudson Yards is best for tech executives, international buyers, and lovers of modern architecture who want a seamless, fully-serviced living experience. It is for those who prefer the future over the past.
