Renovated 5 Story building for sale in TOP DOG location in Tribeca! 44 Hudson is located right on Duane Park with views of the park and surrounding West Historic District. An Investment property...or possibly convert to condominium or owner/user or owner will lease back basement and 2nd floor, many variables with this building. 44 Hudson Street is currently an owner/user operator with a monthly Income from the commercial and residential floors. Built originally in 1903 and three floors added in 1910 it is approximately 10,404 square feet of above grade gross building area and a below basement of approximately 2,140 sq. ft. (which is currently an operating/medical room for the owner), The owner also occupies the 2nd floor which is currently a full floor medical office/reception area. The property is zoned C6-2A/TMU. The Ground floor commercial has 2 tenants in place. The Third floor commercial is owner occupied /office and the 4th and 5th floors are residential tenants with sizeable income producing rents for these two dwellings. Fourth floor is a 2 bedroom/2 bathroom (renovated). Fifth floor is a 3 Bedroom/3 bathroom (renovated) see photos.The Maximum FAR for this building is 6.02 (Residential), 6 (Commercial) & 6.5 (Facility) FAR as built is 5.77 which leaves approximately 559 square foot of AIR RIGHTS.This building is 25' wide by 98' feet deep. The potential Gross income Office summary for the ground floor , 2nd floor and basement usage is approximately $303,257 annually. Potential Gross income residential summary for the Third floor , Fourth Floor and the Fifth Floor is $432,000 annually. The potential Gross income Annually for Retail, Office and Residential is approximately $840,302. Total operating expenses are approximately $225,746 annually. Taxes annually are approximately 165,102.12 Central AC throughout this building with excellent renovations on all floors and MAGNIFICENT HISTORIC AND PARK VIEWS. 1st floor commercial has small private outdoor space at rear of the building. Call for details and viewings.
Listing Agent: Sonia Stock
Courtesy of: Douglas Elliman 140 Franklin St
Office Phone: 212.965.6000
Updated: 20th November, 2017 4:02 PM.
44 Hudson St New York, NY