About 315 W 46 Street
Current Configuration: 4 Residential Units + 1 Retail Storefront Annual Gross Income: $465,000 2024 Property Taxes: Only $96,000 Lot Size: 20×100.42ft Building Footprint: 20×50ft (approx. 3,540SF, 3 stories) Development & Upside Potential Zoning: R8 (High-Density Residential) with C1-5 Commercial Overlay • Residential FAR up to 6.02 under R8 zoning – allows building ~6× the lot area (~12,000SF) • C1-5 overlay Commercial FAR of 2.0 within R8, equating to combined FAR equal to the higher of the two (6.02) Buildable Area: Over 12,000SF of potential space – ideal for expansion, redevelopment, or mixed-use conversion. Key Highlights • Turn-key income: Immediate cash flow with long-term tenants (+ retail), plus two vacant units for flexible use • Tax-efficient ownership: Annual tax burden only ~$96K, low compared to income • Transferrable development rights: Rare Manhattan plot with substantial upside under current zoning • Midtown core location: Minutes from Broadway, Times Square, transit, dining, and entertainment
Features of 315 W 46 Street
| MLS® # | 880436 |
|---|---|
| Price | $7,950,000 |
| Bathrooms | 0.00 |
| Square Footage | 3,539 |
| Acres | 0.05 |
| Year Built | 1910 |
| Type | Commercial |
| Sub-Type | Other |
| Status | Active |
Community Information
| Address | 315 W 46 Street |
|---|---|
| City | New York (Manhattan) |
| County | New York (Manhattan) |
| State | NY |
| Zip Code | 10036 |
Additional Information
Listing Details
| Office | Winzone Realty Inc |
|---|---|
| Office Contact | 347-781-8888 |