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510 Ninth Ave 24 Unit Apartment Building $5,898,000 ($245,750/Unit) 14.50% Cap Rate New York, NY 10018


EXECUTIVE SUMMARY
RARE VACANT 24-UNIT MIXED-USE BUILDING IN THE HEART OF MIDTOWN. 510 9th Avenue presents a once-in-a-generation opportunity to acquire a fully vacant 24-unit mixed-use building in one of Manhattan’s most high-demand locations. Situated in the bustling core of Midtown, this property offers immediate repositioning potential and massive long-term upside. With a current FAR of 4.6 and zoning changes driven by the explosive Hudson Yards transformation, projections show buildable potential could soar to a staggering 7.2. Whether you’re looking to renovate, reposition, or redevelop, this property is your blank canvas. Strategically located near **Port Authority**, **Penn Station**, the **Lincoln Tunnel**, and major subway lines (A/C/E, 1/2/3, N/Q/R), this address delivers unbeatable access to regional transit and commuter corridors. Close proximity to Hudson Yards, Times Square, and the Theater District ensures high visibility and strong foot traffic. **Ownership seeks a fast and clean sale.** Opportunities like this don’t come around often — don’t miss your shot at shaping the future of Midtown.
PROPERTY FACTS Under Contract
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Microwave
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Freezer
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Public Transportation
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 24 | - | - |
1 1
Walk Score®
Walker's Paradise (99)
Transit Score®
Rider's Paradise (100)
Bike Score®
Biker's Paradise (91)
PROPERTY TAXES
| Parcel Number | 0762-0005 | Improvements Assessment | $837,360 |
| Land Assessment | $144,900 | Total Assessment | $982,260 |
PROPERTY TAXES
Parcel Number
0762-0005
Land Assessment
$144,900
Improvements Assessment
$837,360
Total Assessment
$982,260
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510 Ninth Ave
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