408 W 46th St
5 Unit Apartment Building $7,500,000 ($1,500,000/Unit) New York, NY 10036
INVESTMENT HIGHLIGHTS
- 100% Free Market
- Condo-Quality Finishes
- Zero Short-Term Capital Expenditure
- Tax Class 2A
- Cash Flow Producing Asset
- Proximity to Public Transportation and Retail Thoroughfares
EXECUTIVE SUMMARY
Avison Young has been exclusively engaged by Ownership to offer for sale 408 West 46th Street (the “Property”), a newly gut-renovated multifamily property located in the heart of the Hell’s Kitchen neighborhood of Midtown Manhattan. 408 West 46th Street represents a rare opportunity to acquire a boutique luxury rental property with condo-level finishes in one of Manhattan’s fastest growing neighborhoods.
PROPERTY FACTS
| Price | $7,500,000 |
| Price Per Unit | $1,500,000 |
| Sale Type | Investment |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 7,296 SF |
| No. Stories | 5 |
| Year Built/Renovated | 1920/1985 |
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
1 of 1
Walk Score®
Walker's Paradise (100)
Transit Score®
Rider's Paradise (100)
Bike Score®
Biker's Paradise (95)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $888,827 | |
| Land Assessment | $617,850 | Total Assessment | $1,248,122 |
ZONING
| Zoning Code | R8 |
