Multi-family

Introducing 147-149 West 46th Street, New York, NY 10036—an exceptional investment opportunity in the heart of Manhattan’s vibrant commercial district. This 21,117 sq. ft. retail storefront building offers substantial potential for long-term returns, making it an ideal acquisition for investors seeking to capitalize on a prime location in the city.

Property Overview:

• Address: 147-149 West 46th Street, New York, NY 10036
• Price: $24,000,000 ($1,136.53/SF)
• Cap Rate: 3.81%
• Type: 3-Star Retail Storefront
• GLA: 21,117 sq. ft.
• Stories: 4
• Typical Floor: 3,920 sq. ft.
• Class: B
• Building Height: 43’
• Ceiling Height: 43’
• Construction: Masonry

Key Features:

• Prime Retail Location: Situated in one of the most sought-after areas of New York City, this building offers an excellent opportunity for retail businesses looking to capitalize on high foot traffic. The property’s position in the vibrant West 46th Street corridor ensures exposure to a diverse customer base, surrounded by an array of shops, restaurants, and entertainment venues.
• Spacious and Versatile Layout: With a total GLA of 21,117 sq. ft., including four stories and typical floors measuring 3,920 sq. ft., this property offers ample space for both retail and commercial use. The expansive interior allows for flexible tenant configurations, making it an ideal space for various retail ventures.
• Solid Investment Opportunity: Priced at $24,000,000 with a competitive cap rate of 3.81%, this property presents an attractive investment option for those seeking stable returns in one of Manhattan’s most desirable locations. The building’s class B status and strong masonry construction ensure long-term durability and low maintenance costs.
• High Visibility and Accessibility: The property’s prime location in the city’s Central Business District offers excellent accessibility via major subway lines and bus routes, ensuring convenient access for both customers and employees. Its high visibility adds tremendous value to any retail or commercial business operating within the space.
• Future Potential: Given its prime location, substantial square footage, and versatile layout, this property offers significant potential for appreciation over time. The West 46th Street area is continuously evolving, adding to the long-term investment value.

Conclusion: 147-149 West 46th Street offers an exceptional opportunity for investors seeking to acquire a prime retail storefront in the heart of Manhattan. With its large footprint, competitive cap rate, and sought-after location, this property presents significant potential for both immediate and long-term returns. Don’t miss the chance to secure a piece of New York City’s thriving commercial real estate market!