Duplex Penthouse Conversion Opportunity

Duplex Penthouse Conversion Opportunity

Duplex Penthouse Conversion Opportunity

West Hells Kitchen, Midtown NY

Previously $895,000

Suggested Opening Bid $599,000

March 31

Auction Date

Property Highlights

Apartment
Coop in West Hells Kitchen

Unit
Penthouse 4C

Bedrooms
Currently studio, potential 1 bedroom plus home office with skylight

Bathrooms
Currently 1, potential for 2 full

Interior Area
Currently approx. 737 sq ft,
potential for approx. 1,167 sq ft

Exterior Area
Potential 300 sq ft

Conversion
Currently studio
Opportunity to add staircase to rooftop and build duplex penthouse with outdoor space

Listing Broker
Isaac Halpern
Brown Harris Stevens

Tours

By appointment only
Email [email protected] now to arrange

How to Participate

Download Brochure Click Here
Review Due Diligence Information Click Here
Receive email access to the Due Diligence Information, which includes coop rules, financial statements, zoning study, information regarding air rights, and more.
Submit Bid by Deadline: Wednesday, March 31 at 4pm EST
You must submit a written bid by the bid deadline. Instructions are included in the Due Diligence Information.

Buyer’s Premium 3%. Broker Participation Invited.

Property subject to seller and coop approval. Subject to prior sale. Submit bid at anytime.

THE OPPORTUNITY TO CREATE YOUR DREAM DUPLEX with 1 bedroom plus home office with skylight, two bathrooms, and a fabulous private roof deck. With dramatic 12-foot ceilings, exposed brick, and an elegant wood-burning fireplace, this home is special. Currently the space is configured as an open 737 square-foot loft with a sleeping alcove, open galley kitchen, and a full bath. The apartment comes with explicit roof rights enabling you to build a staircase to the roof and create an additional bedroom, full bathroom, skylights, plus a private roof deck for a total of approximately 1,167 interior square feet and approximately 300 exterior square feet. Details available in the Due Diligence Information. Bid now!

Broker Participation

Click below to download registration form Download

Date: 04/25/2024 Property: Duplex Penthouse Conversion Opportunity

The undersigned, on behalf of him/herself along with each of his/her respective affiliates, principals, agents, successors and assigns (collectively, “Bidder”), hereby agrees to the following, in order to access certain information from PRUSA LLC d/b/a Paramount Realty USA (collectively, “PRUSA”):

1. Bidder hereby acknowledges its interest in Property for purpose of potentially purchasing same and wishes to access certain information, including proprietary and confidential information, pertaining to the Property (the “Due Diligence Information”).
2. Bidder agrees that the Due Diligence Information, as well as all other information provided in connection herewith, is provided for informational purposes only. Some information was furnished by outside sources and PRUSA makes no representations or warranties of any kind about the completeness, accuracy, reliability, suitability, availability or of any other nature regarding any information, including, but not limited to, figures, facts, descriptions, measurements, data, products, services, related graphics, and any representations contained therein. PRUSA hereby expressly advises Bidder not to rely on such information, and to independently conduct any and all studies, investigations, reports, searches and other inquiries before proceeding with the purchase of Property. No warranty or representation, express or implied, is made by seller(s), its listing agent(s) or PRUSA, or their respective employees or agents (collectively, “Seller Group”), as to the accuracy or completeness of any information.
3. Bidder agrees to keep the Due Diligence Information and all other information provided by Seller Group confidential and agrees not to disseminate same to any third-parties (except to partners, lenders, advisors and others in connection with the purchase of the Property) without the prior written consent of PRUSA. In no event will PRUSA be liable for any loss or damage, including, without limitation, indirect or consequential loss or damage, for any matter in connection herewith or in connection with any information contained in, or accessible through, the Due Diligence Information, including the inaccessibility of any virtual data room, online bidding platform or website that PRUSA or any other may make available, or otherwise. Notwithstanding anything to the contrary, by its signature below and/or by accessing any information contained in the Due Diligence Information, Bidder agrees to the terms hereof and to the terms of sale, as set forth in the Due Diligence Information or elsewhere by PRUSA, and to forever and unconditionally release PRUSA from any cause or claim, whether in connection herewith, the Property, or otherwise.
4. Bidder understands that any unauthorized disclosure, distribution or use of such information may result in personal liability and penalties under the law.
5. No verbal statements may be relied upon.
6. Bidder hereby expressly, unequivocally and unconditionally releases PRUSA and Seller Group, and each of their respective representatives, affiliates, principals, agents and assigns from any liability whatsoever in connection with any matter relating to the Property or the purchase thereof.
7. Bidder agrees not to circumvent, or seek to circumvent, PRUSA in any manner regarding any interest in Property or in any other property or opportunity presented by PRUSA for a period of 1 (one) year from the date hereof.
8. This agreement shall be governed by the laws of the State of New York. Any claim arising out of or related to this document or any property, auction or transaction(s) contemplated hereunder shall be submitted to binding arbitration conducted by the American Arbitration Association, New York County (or at such venue as may be prescribed by law), pursuant to their rules relating to real estate disputes. The parties agree to submit the dispute to 3 (three) arbitrators chosen pursuant to AAA Rules. This shall be the sole remedy for any resolution of a dispute and the parties hereby consent to the exclusive jurisdiction of the American Arbitration Association.

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