Terrific Tenements

Terrific Tenements is located at 527 West 47th Street and 425 West 48th Street in Manhattan. With the opening of nearby Manhattan Plaza (also a Related property) in 1977, the process of gentrification began in the surrounding area. Stores and restaurants now occupy formerly vacant store fronts on Ninth Avenue from 42nd Street to 57th Street.  Now the formerly notorious Hell’s Kitchen neighborhood is one of Manhattan’s “hot” new neighborhoods. The buildings contain 88 units of affordable housing, and are federally subsidized under the Section 8 program. 

Terrific Tenements

ADDRESS

425 West 48th Street
New York, NY  10036

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PROPERTY CONTACT

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Terrific Tenements is located at 527 West 47th Street and 425 West 48th Street in Manhattan. With the opening of nearby Manhattan Plaza (also a Related property) in 1977, the process of gentrification began in the surrounding area. Stores and restaurants now occupy formerly vacant store fronts on Ninth Avenue from 42nd Street to 57th Street.  Now the formerly notorious Hell’s Kitchen neighborhood is one of Manhattan’s “hot” new neighborhoods. The buildings contain 88 units of affordable housing, and are federally subsidized under the Section 8 program. 


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PROPERTY TYPE

Affordable

COMPLETION DATE

1983

NUMBER OF UNITS

88

MARKET STATUS

Currently Leasing