408 46Th StNew York, NY 10036

For Sale
$7,600,000

Boutique Midtown Manhattan Apartment Building

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional 5-unit apartment building, located at 408 West 46th Street in the vibrant Hell's Kitchen neighborhood of Midtown Manhattan, presents a unique investment opportunity. The property boasts 7,296 square feet across five stories, offering condo-quality finishes throughout. Each unit is entirely free-market, classified as Tax Class 2A, ensuring a strong and stable cash flow. This newly gut-renovated building requires zero short-term capital expenditures, making it an immediately profitable asset. Its prime location provides easy access to public transportation and numerous retail establishments, enhancing its appeal to tenants. The building's luxurious finishes and desirable location in a rapidly developing area of Manhattan make it an attractive investment for discerning buyers. The asking price for this turnkey property is $7,600,000. This is a rare chance to acquire a boutique luxury rental building in one of Manhattan's most sought-after neighborhoods, offering both immediate returns and significant long-term growth potential. The property's strong financial performance, coupled with its prime location and high-quality finishes, makes it an ideal addition to any investment portfolio.

Highlights

  • $7,600,000 asking price.
  • Multifamily apartment building with 5 units.
  • 7,296 square feet.
  • Five-story building.
  • Located at 408 W 46th St, New York, NY 10036.

Property Details for 408 46Th St

Property type
Multifamily properties, Apartment buildings
Square Feet
7,296 SF
Stories
5
Units
5

Location Insight

City
New York
County
New York
State
New York
Latitude
40.7611328
Longitude
-73.9915607
408 46Th St, New York, New York

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408 46Th St
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