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

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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