Manhattan 2 Buildings package for Sale 2 Properties Offered at $11,350,000 in New York, NY

INVESTMENT HIGHLIGHTS

  • Great location with heavy foot traffic.
  • Situated in a high foot traffic area, these properties offer excellent income potential and long-term appreciation.
  • Well established location in the Heart of Hell's Kitchen.
  • PRIME RESTAURANT LOCATION: Highly visibility with significant foot traffic, making it a prime spot for any hospitality or retail business.

EXECUTIVE SUMMARY

Prime location at Hell's Kitchen & Time Square Corner building for sale: 373 W 46th St & 662 9th Ave – Mixed-Use Income Properties
This is a unique opportunity to own two adjacent buildings in the heart of NYC 373 W 46th & 662 9th Ave, the center of Manhattan.
662 9th Ave, NY, Corner / 375 W 46th, Block 1037 & Lot 01
8 Apartments Units Plus 2 Corner Retail Restaurants
373 W 46th St, NY, the whole building for retail or restaurants.
Potential Air Rights & Cell Tower Income Potential
View Spread Sheet for Income Figures
6 Free Market Leases and 2 Rent Stabilized & All Commercial
Tenants Pay Real Estate taxes share & Water

TAXES & OPERATING EXPENSES (ACTUAL - 2024)

ANNUAL
Gross Rental Income $726,811
Other Income $60,000
Vacancy Loss -
Effective Gross Income $786,811
Taxes $68,125
Operating Expenses $38,130
Total Expenses $106,255
Net Operating Income $680,556

PROPERTY FACTS

Price $11,350,000
Price / SF $1,793 / SF
Sale Conditions
1031 Exchange
  • Bulk/Portfolio Sale
  • Redevelopment Project
Cap Rate 6.08%
Sale Type Investment
Status Active
Number of Properties 2
Individually For Sale 0
Total Building Size 6,330 SF
Total Land Area 0.05 AC

PROPERTIES

PROPERTY NAME / ADDRESS PROPERTY TYPE SIZE YEAR BUILT INDIVIDUAL PRICE
662 9th Ave, New York, NY 10036 Multifamily 3,450 SF 1920 -
373 W 46th St, New York, NY 10036 Retail 2,880 SF 1920 -
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  • Listing ID: 34507814

  • Date on Market: 1/15/2025

  • Last Updated:

  • Address: Manhattan 2 Buildings package for Sale, New York, NY