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317 West 46th Street 317 W 46th St 6 Unit Apartment Building $4,700,000 ($783,333/Unit) 5.65% Cap Rate New York, NY 10036



Investment Highlights
- ACCESS & CONNECTIVITY
- FAMOUS HELLS KITCHEN & RESTAURANT ROW LOCATION
- QUALITY OF LIFE AMENITIES
- AREA AMENITIES & DEMAND DRIVERS
- STRONG RENTAL DEMOGRAPHICS & DEMAND
- MIXED USE- 1 COMMERCIAL UNIT
Executive Summary
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the mixed-use investment property located at 317 West 46th Street in New York, NY (the “Property”). The four-story building contains one (1) Commercial unit, one (1) 2-Bedroom/1-Bathroom unit, two (2) 1-Bedroom/1-Bathroom units, and two (2) Studio units with 5,850 square feet of gross area. The Property features four (4) rent stabilized residential units, consisting of both 1-Bedroom/1-Bathroom units and both Studio units. The Property is situated upon a 0.046-acre parcel (20’ x 100.42’ lot totaling 2,008 SF) and features 2,584 SF of available air rights.
317 West 46th Street is well-positioned in Midtown Manhattan’s Hell’s Kitchen neighborhood, offering immediate access to the Theater District, Times Square, and the broader Midtown central business district. The property benefits from exceptional connectivity via nearby subway lines and proximity to major roadways such as Eighth Avenue, Ninth Avenue, and West Side Highway (Route 9A), providing efficient access throughout Manhattan and the greater New York City metropolitan area.
317 West 46th Street is well-positioned in Midtown Manhattan’s Hell’s Kitchen neighborhood, offering immediate access to the Theater District, Times Square, and the broader Midtown central business district. The property benefits from exceptional connectivity via nearby subway lines and proximity to major roadways such as Eighth Avenue, Ninth Avenue, and West Side Highway (Route 9A), providing efficient access throughout Manhattan and the greater New York City metropolitan area.
Property Facts
| Price | $4,700,000 | Apartment Style | Low-Rise |
| Price Per Unit | $783,333 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.05 AC |
| Cap Rate | 5.65% | Building Size | 5,850 SF |
| No. Units | 6 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 1920 |
| Property Subtype | Apartment | ||
| Zoning | R8, New York - High density residential district | ||
| Price | $4,700,000 |
| Price Per Unit | $783,333 |
| Sale Type | Investment |
| Cap Rate | 5.65% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.05 AC |
| Building Size | 5,850 SF |
| No. Stories | 4 |
| Year Built | 1920 |
| Zoning | R8, New York - High density residential district |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 2 | - | - |
| 2+1 | 1 | - | - |
| 1+1 | 2 | - | - |
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Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
100/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 1037-0023 | Improvements Assessment | $574,592 |
| Land Assessment | $201,699 | Total Assessment | $776,291 |
Property Taxes
Parcel Number
1037-0023
Land Assessment
$201,699
Improvements Assessment
$574,592
Total Assessment
$776,291
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317 West 46th Street | 317 W 46th St
