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$7,950,000

Added 2 months ago

315 W 46 Th St, New York, NY

Real Estate

For Sale

Listed price in listed location currency (USD).
$7,950,000

Added 2 months ago

00-0
  • Key Facts
  • Description
  • Map

Key Facts

Type Other
Levels Commercial Sale
Size -
Garage No
HOA Fees 
Taxes $96,101
Days Active 53
Approx. Age 1910
MLS® Number 880436

Property Address: 315 W 46 Th St, New York, New York

Average square foot calculated using Size range provided by listing agent.

Description

Current Configuration: 4 Residential Units + 1 Retail Storefront Annual Gross Income: $465, 000 2024 Property Taxes: Only $96, 000 Lot Size: 20×100.42ft Building Footprint: 20×50ft (approx. 3, 540SF, 3 stories) Development & Upside Potential Zoning: R8 (High-Density Residential) with C1-5 Commercial Overlay • Residential FAR up to 6.02 under R8 zoning – allows building ~6× the lot area (~12, 000SF) • C1-5 overlay Commercial FAR of 2.0 within R8, equating to combined FAR equal to the higher of the two (6.02) Buildable Area: Over 12, 000SF of potential space – ideal for expansion, redevelopment, or mixed-use conversion. Key Highlights • Turn-key income: Immediate cash flow with long-term tenants (+ retail), plus two vacant units for flexible use • Tax-efficient ownership: Annual tax burden only ~$96K, low compared to income • Transferrable development rights: Rare Manhattan plot with substantial upside under current zoning • Midtown core location: Minutes from Broadway, Times Square, transit, dining, and entertainment
MLS® Number880436
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1910
Stories
Pets
Corp Number

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

HeatOther
A/CCentral Air
Heating Fuel

Extras

315 W 46 Th St, New York, NY

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