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467 W 49th St
New York, NY 10019
Multifamily Property For Sale
·
4 Units
Investment Highlights
- 4 Four-Story Mixed-Use Building in Prime Midtown West.
- Strong rental demand in Midtown West offers value-add and upside opportunity through unit reconfiguration and and common area upgrades.
- Excellent transit access: A, C, E (2 blocks), N, Q, R (3 blocks).
- 3 floor-through apartments + 1 ground-floor retail space.
- Heart of Midtown West near major attractions: Broadway Theater District, Hudson Yards, Times Square.
Executive Summary
Marcus & Millichap is pleased to exclusively offer 714 Tenth Avenue, located in one of Manhattan’s rapidly transforming neighborhoods: Midtown West. Located on
the Northeast corner of 49thStreet and Tenth Avenue, this 20-foot-wide mixed-use investment is comprised of approximately 4,297 square feet. 714 Tenth Avenue is
built 20’ x 64’ on the ground floor and 20’ x 50’ on floors
The lot dimensions are 20’ x 64’ (Block: 1059 Lots: 1 & 2). The property is zoned C2-5/R8/CL and has an additional 7,159 square feet of air rights. THE ENTIRE
Four-Story Mixed-Use Building in Prime Midtown West.
20 Feet of Frontage on Tenth Avenue and 64 Frontage on West 49th Street.
3409 Square Feet of Air Rights.
Steps from Times Square, Port Authority Terminal (which includes the A,C, and E Subway Lines), and the New Subway Extension.
Bordering the Hudson Yards Development –the City’s Largest Private Development Ever Undertaken.
Free Market Residential Units. Never Rent Stabilized.
the Northeast corner of 49thStreet and Tenth Avenue, this 20-foot-wide mixed-use investment is comprised of approximately 4,297 square feet. 714 Tenth Avenue is
built 20’ x 64’ on the ground floor and 20’ x 50’ on floors
The lot dimensions are 20’ x 64’ (Block: 1059 Lots: 1 & 2). The property is zoned C2-5/R8/CL and has an additional 7,159 square feet of air rights. THE ENTIRE
Four-Story Mixed-Use Building in Prime Midtown West.
20 Feet of Frontage on Tenth Avenue and 64 Frontage on West 49th Street.
3409 Square Feet of Air Rights.
Steps from Times Square, Port Authority Terminal (which includes the A,C, and E Subway Lines), and the New Subway Extension.
Bordering the Hudson Yards Development –the City’s Largest Private Development Ever Undertaken.
Free Market Residential Units. Never Rent Stabilized.
Property Facts
| Price Per Unit | $1,625,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.03 AC |
| No. Units | 4 | Building Size | 4,297 SF |
| Property Type | Multifamily | Average Occupancy | 90% |
| Property Subtype | Apartment | No. Stories | 4 |
| Apartment Style | Mid-Rise | Year Built/Renovated | 1910/1988 |
| Zoning | R8, C2-5 - R8 , C2-5, Over 15,000 SF of available air rights. | ||
| Price Per Unit | $1,625,000 |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.03 AC |
| Building Size | 4,297 SF |
| Average Occupancy | 90% |
| No. Stories | 4 |
| Year Built/Renovated | 1910/1988 |
| Zoning | R8, C2-5 - R8 , C2-5, Over 15,000 SF of available air rights. |
Amenities
Unit Amenities
- Air Conditioning
- Kitchen
- Refrigerator
- Tub/Shower
- Linen Closet
Site Amenities
- 24 Hour Access
- Controlled Access
- Smoke Free
- Walking/Biking Trails
- Public Transportation
- Key Fob Entry
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+1 | 3 | - | 1,000 |
Property Taxes
| Parcel Number | 1059-0001 | Improvements Assessment | $347,406 |
| Land Assessment | $116,342 | Total Assessment | $463,748 |
Property Taxes
Parcel Number
1059-0001
Land Assessment
$116,342
Improvements Assessment
$347,406
Total Assessment
$463,748
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