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Mixed-Use

416 West 46th Street

416 W 46th St, New York, NY 10036

Listing Price: $5,500,000

Cap Rate
4.76%
Number of Units
15
Occupancy
100.0%
Price/Unit
$366,667
Price/Gross SF
$763.89
Gross SF
7,200

Investment Overview

Marcus & Millichap is the exclusive sales broker 416 West 46th Street (“Property”), a mixed-use building on 46th Street between Ninth and Tenth Avenues in Midtown West. The Property consists of a front building and a rear building. The front building contains six two-bedrooms, one studio, and two commercial units. Of the seven apartments in the front building, three are rent-stabilized. The rear building contains six free-market studios. The front building measures 25 feet by 47 feet and the rear building measures 25 by 25 feet totaling approximately 7,200 square feet and sits on a 25 by 100-foot R8 zoned lot (maximum 6.02 floor area ratio). The Property is located in the Hell's Kitchen section of Midtown West. The property is a five-minute walk to the Times Square Subway Station (1,2,3,7,N,R,Q,W) and 50th Street Subway Station (A,C,E). The property is one half-block away from the Ninth and Tenth Avenue retail corridors.

Investment Highlights

  • 25-Foot-Wide Mixed-Use Building
  • 13 Apartments & Two Stores
  • Near Several Subway Lines (1, 2, 3, N, R, Q, W, A, C, E)
  • Minimal Rent Regulation
  • Located Near Times Square, Restaurant Row, & Port Authority

Exclusively Listed By

Listing Price: $5,500,000

Cap Rate
4.76%
Number of Units
15
Occupancy
100.0%
Price/Unit
$366,667
Price/Gross SF
$763.89
Gross SF
7,200

Investment Highlights

  • 25-Foot-Wide Mixed-Use Building
  • 13 Apartments & Two Stores
  • Near Several Subway Lines (1, 2, 3, N, R, Q, W, A, C, E)
  • Minimal Rent Regulation
  • Located Near Times Square, Restaurant Row, & Port Authority

Investment Overview

Marcus & Millichap is the exclusive sales broker 416 West 46th Street (“Property”), a mixed-use building on 46th Street between Ninth and Tenth Avenues in Midtown West. The Property consists of a front building and a rear building. The front building contains six two-bedrooms, one studio, and two commercial units. Of the seven apartments in the front building, three are rent-stabilized. The rear building contains six free-market studios. The front building measures 25 feet by 47 feet and the rear building measures 25 by 25 feet totaling approximately 7,200 square feet and sits on a 25 by 100-foot R8 zoned lot (maximum 6.02 floor area ratio). The Property is located in the Hell's Kitchen section of Midtown West. The property is a five-minute walk to the Times Square Subway Station (1,2,3,7,N,R,Q,W) and 50th Street Subway Station (A,C,E). The property is one half-block away from the Ninth and Tenth Avenue retail corridors.

Exclusively Listed By

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