140 West 46th Street, New York, NY, 10036
For Sale (Part of a Portfolio): $10,500,000 ($875,000/Unit)
Property Overview:
140 West 46th Street offers a unique investment opportunity as part of a larger portfolio. This 2-Star Mid-Rise Apartment Building comprises 6 market-rate units across 5 stories, with a Gross Building Area (GBA) of 5,685 SF. Located in the heart of Manhattan’s Central Business District (CBD), this property is well-positioned for investors seeking stable cash flow and long-term growth potential in a highly sought-after area.
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Key Details:
- Units: 6 (Market Rent)
- Average Unit Size: 360 SF
- Stories: 5
- Typical Floor Size: 1,333 SF
- Building Count: 2
- Units per Area: 86/AC
- Cap Rate: 5.90%
- Market Segment: All
Investment Highlights:
- Prime CBD Location: Strategically located in the heart of Manhattan, 140 West 46th Street offers exceptional proximity to business, entertainment, transportation, and amenities.
- Attractive Cap Rate: With a cap rate of 5.90%, this property delivers strong income potential for investors.
- Efficient Unit Sizes: Each of the 6 units averages 360 SF, appealing to tenants seeking efficient, affordable living in a prime location.
- Two-Building Portfolio: The property consists of 2 buildings, offering diversified opportunities for future development or expansion.
- Market-Rate Rent: All units are rented at market value, ensuring stable rental income with potential for rent increases over time.
Summary:
140 West 46th Street is a prime investment opportunity offering 6 market-rate units in the vibrant CBD of Manhattan. Priced at $10,500,000, this property delivers strong cash flow potential with an attractive cap rate of 5.90%. With its prime location, efficient unit sizes, and market-rate rents, this property offers excellent long-term investment potential.
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