Multifamily Apartment Building

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SALE$20,000,000 | 375 W 46th St, New York, NY 10036

This is a unique opportunity to own two adjacent buildings in the heart of NYC

373 W 46th & 662 9th Ave

662 9th Ave , NY, Corner / 375 W 46th, Block 1037 & Lot 01

5 Apartments Units Plus 1 Corner Retail Restaurant

373 W 46th St, NY, Retail Restaurant & 2 Apartments Block 1037 Lot 101

Potential Air Rights & Cell Tower Income Potential

View Spread Sheet for Income Figures

5 Free Market Lease and 2 Rent Stabilized & All Commercial Tenants Pay Real Estate taxes share & Water

Property Features

  • Property Type: Multifamily
  • Investment Type: Value Add
  • Net Rentable (sq ft): 6,500
  • Pro-Forma Cap Rate: 2.50%
  • Occupancy Date: 06/21/2023
  • Pro-Forma NOI: $500,000
  • Units: 8
  • Stories: 4
  • Lot Size (sq ft): 5,000
  • Ownership: 100
  • Subtype: Apartment Building
  • Class: A
  • Cap Rate: 2.38%
  • Occupancy: 100%
  • NOI: $476,360
  • Air Rights (sq ft): 8,000
  • Buildings: 2
  • Zoning: R8
  • Ground lease: No

 

All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Courtesy of Realty Executives.

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