Multifamily Apartment Building

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

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