Multi-family
Screenshot
For Sale
Multi-family
142, West 46th Street, Manhattan Community Board 5, Manhattan, New York County, City of New York, New York, 10036, United States
Description
Prime Investment Opportunity at 142 West 46th Street, New York, NY, 10036
Discover an exceptional investment opportunity in the heart of Midtown Manhattan with this mid-rise apartment property located at 142 West 46th Street. This property is part of a portfolio, offering strong returns and a strategic location in a bustling business and entertainment district.
Property Details:
- Asking Price: $10,500,000 ($875,000 per unit)
- Cap Rate: 5.90%
- Property Type: 2-Star Mid-Rise Apartments
- Location: Central Business District (CBD)
- Units: 6
- Stories: 5
- Class: C
- Gross Building Area (GBA): 6,990 sq. ft.
- Typical Floor Size: 1,333 sq. ft.
- Rent Type: Market
Investment Highlights:
- Located in one of Manhattan’s most dynamic and high-demand neighborhoods, surrounded by offices, retail spaces, and world-famous attractions.
- Market-rate units provide excellent rental income potential in a thriving market.
- The property features six well-sized units spread across five stories, ensuring a balance of scale and manageability for investors.
- A competitive 5.90% cap rate, offering strong income generation and long-term appreciation prospects.
This property is ideal for investors seeking a stable income-producing asset in a prime Manhattan location.
Contact us today for more information or to schedule a property tour!
