Multi-family

Introducing 315 West 46th Street, New York, NY 10036—an outstanding investment opportunity located in the heart of Manhattan’s Central Business District. This 4,400 sq. ft. retail and residential mixed-use building offers an ideal space for investors looking to capitalize on a prime location in one of New York City’s most dynamic neighborhoods.

Property Overview:

• Address: 315 West 46th Street, New York, NY 10036
• Price: $9,500,000 ($2,159.09/SF)
• Cap Rate: 4.00%
• Sale Type: Investment
• Type: 3-Star Retail Storefront / Retail/Residential
• GLA: 4,400 sq. ft.
• Stories: 4
• Typical Floor: 1,100 sq. ft.
• Class: C
• Construction: Masonry

Key Features:

• Prime Location: Situated in the heart of Manhattan’s bustling Central Business District, this property enjoys high visibility and easy access to major commercial, residential, and entertainment areas. It is positioned on the vibrant West 46th Street corridor, close to Times Square and the Theater District, which ensures consistent foot traffic and potential for strong returns.
• Mixed-Use Versatility: With 4,400 sq. ft. of total space, this building features a blend of retail and residential use, making it suitable for a variety of tenants. The property offers four stories with typical floors measuring 1,100 sq. ft., providing flexible space that can cater to both retail businesses and residential tenants, enhancing its potential for long-term rental income.
• Solid Investment with Competitive Cap Rate: At a price of $9,500,000 and a cap rate of 4.00%, this property offers a solid investment opportunity with favorable financial metrics. The combination of a desirable location, mixed-use space, and a competitive return rate makes it an attractive option for investors seeking reliable income and value appreciation.
• Masonry Construction & Class C Building: The property features durable masonry construction, providing long-term stability and low maintenance costs. As a Class C building, it offers an affordable yet high-potential option for investors seeking to capitalize on a prime location without the higher costs associated with newer or more prestigious properties.
• Strong Accessibility & Future Potential: With proximity to major subway lines, bus routes, and iconic New York City landmarks, this property benefits from excellent accessibility. Its location also offers substantial future potential as the surrounding area continues to evolve, ensuring continued demand for both retail and residential spaces.

Conclusion: 315 West 46th Street presents an excellent opportunity to acquire a mixed-use building in one of Manhattan’s most coveted locations. With its versatile layout, solid cap rate, and prime positioning, this property offers both strong current returns and long-term potential. Don’t miss the chance to secure this valuable investment in New York City’s thriving commercial and residential real estate market!