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for saleRealtyLens property overview
$3,950,000

428 W 44th St

Manhattan, NY, 10036
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6Beds
6Baths
4,032Sqft
$980$/sqft

Listing Notes

20' wide four-story 6-unit brick building fully deregulated since 2015, 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 renovated and new appliances installed within the past ten years. Suitable for conversion to a single family. We have plans drawn to combine the Garden and Parlor floors into a 3 Bedroom apartment. The current configuration is: Parlor and Garden apartments are each floor-thru one bedrooms and 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. Within walking distance are Midtown offices, Broadway theatres, Hudson Yards, Manhattan West offices, Hudson River Park, subways A, C, E, 7, N, Q, R, 1, 2, 3. Owner/Broker RENT ROLL & EXPENSES: Garden Unit - Floor Through 1 Bedroom plus 800 sq ft garden Rent: $4, 695; Market Value: $4, 695; Lease Expires: VACANT Parlor Unit - Floor Through 1 Bedroom Rent: $4, 860; Market Value: $4, 990; Lease Expires: 3/31/26 Unit 2F - Studio Rent: $3, 440; Market Value: $3, 550; Lease Expires: 4/30/26 Unit 2R - Studio Rent: $3, 395; Market Value: $3, 350; Lease Expires: 4/30/26 Unit 3F - Studio Rent: $3, 425; Market Value: $3, 425; Lease Expires: 6/30/26 Unit 3R - Studio Rent: $2995; Market Value: $2995 LXP 4/30/26 Monthly Projected Rents: $23, 570 Annual Projected Rents: $282, 840Estimated Expenses (Annual): Real Estate Taxes: $52, 644 Water/Sewer: $1, 800 Insurance: $12, 917 Heat/Electric: $9, 400 Super/Cleaning: $6, 900 Repair, Replacements:$7, 000 Legal, Accounting: $2, 000 Cable: $1, 200 Other: $3, 000 Total: $96, 861 Nominal NOI: $185, 979 Vacancy: $15, 000 Effective NOI: $170, 979

Market Insights

Below nearby median-52%

$980/sqft vs a nearby median of $2042/sqft.

Nearby median$2042/sqft
Nearby properties8
Property size4,032 sqft
  • -52% versus the nearby median price per square foot.
  • Price history is limited, so current comps matter more than trend alone.
  • 4,032 sqft creates a usable price-per-square-foot read.

Pricing Read

Yardstick fair value$8.37M$7.68M$9.05M · 58% confidence
vs ask $3.95M−$4.42M (−111.8%)

Asking price is about 111.8% below the fair value — likely to draw competing offers if it's still on market.

$2,054/sqft median across 5 tight comps × 4,032 sqft= $8.28M
  • Days-on-market gravity−$248k −3.0%
  • Transit access+$207k +2.5%
  • Pre-war character+$207k +2.5%
  • Visible condition issues−$83k −1.0%
Cumulative NYC adjustments+$83k+1.0%

Property Read

FreshnessVerification recommended

The page is useful for research, but the status and price should be verified before acting.

Market Position-52% vs nearby

The asking price per square foot is below the nearby median, which can be worth a closer comp check.

Price MovementInitial price point

Price history is still limited; review again as more market activity becomes available.

Diligence Read2 items to check
AI ReadinessReady to analyze
Assistant read

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Generated from the facts shown on this page and nearby market data. Not a professional appraisal.

Listing Details

Days on market
232 days
Last price change
No change recorded
Listed
Sep 22, 2025
Photos
18 photos
Property type
townhomes
Status
for sale

Features & Amenities

ElevatorFireplaceTwo Or More StoriesGarage 1 Or MoreRental PropertyOfficeDen

Photos

Building Facts

Year built
1901
Stories
3
Total units
6
Residential units
6
Building area
4,032 sqft
Lot size
2,000 sqft
Land use
Multi-family walk-up buildings
Building class
C2

From NYC public records where available.

Price History

May 4, 2026Initial record
$3,950,000for sale

You can also find this listing on StreetEasy.

Listing data sourced from streeteasy.com. RealtyLens enriches and contextualises it for you, but the original listing lives on the source.