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467 W 49th St
New York, NY 10019
Multifamily Property For Sale
·
4 Units


Investment Highlights
- • Prime Corner Location: High-traffic corner asset in a rapidly transforming Manhattan submarket
- • Development Upside: Unlocked value via 3409 square feet of available air rights.
- • Macro-Location Advantage: Borders Hudson Yards, the largest private development in U.S. history.
- • 100% Free-Market: All residential units are completely free-market with no rent-stabilization histor
- • Transit-Oriented: Steps from Times Square, Port Authority Terminal (A/C/E lines), and the 7-train subway extension
Executive Summary
The OpportunityMarcus & Millichap is pleased to exclusively present 714 Tenth Avenue, a premier mixed-use investment opportunity located on a high-visibility corner in Midtown West . Situated on the northeast corner of West 49th Street and Tenth Avenue, this four-story, 20-foot-wide building spans approximately 4,297 square feet .The asset features 20 feet of frontage along Tenth Avenue and 64 feet of frontage along West 49th Street . Zoned C2-5/R8/CL, the property includes 3409 square feet of additional air rights, offering substantial future development upside .Investment HighlightsPrime Corner Location: High-traffic corner asset in a rapidly transforming Manhattan submarket .100% Free-Market: All residential units are completely free-market with no rent-stabilization history .Development Upside: Unlocked value via 7,159 square feet of available air rights .Transit-Oriented: Steps from Times Square, Port Authority Terminal (A/C/E lines), and the 7-train subway extension .Macro-Location Advantage: Borders Hudson Yards, the largest private development in U.S. history .
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, | ||
| 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, |
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 | $396,139 |
| Land Assessment | $104,708 | Total Assessment | $500,847 |
Property Taxes
Parcel Number
1059-0001
Land Assessment
$104,708
Improvements Assessment
$396,139
Total Assessment
$500,847
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