Full-Floor Office
For Sale
Contact for pricing
10 West 46th Street, New York, NY 10017
Second-floor commercial condominium suitable for office, showroom, jewelry, and professional uses in Manhattan’s Diamond District.
Property Size4,800 SF
Price / SF$958.33
Days on Market81
Property Features for 10 West 46th Street
General Information
Standard status
Active
Size
4,800 SF
Property subtype
Office
Zoning
C6-4.5
Investment Type
Owner/User
Additional Details
Floor
2
Office Units
1
Building Details
Year Built
1987
Units
1
Listing Agency:
KSR Kassin Sabbagh Realty
Listed By:
Amanda Malekhedayat · License #NY 10301228805
Source:
Crexi
Added: Jul 29
Changed: Oct 16
Last Checked: Oct 16 at 6:22AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of KSR Kassin Sabbagh Realty
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Investment Insights
Based on property information with market context.
This office condominium encompasses approximately 4,800 square feet across the entire second floor of the building at 10 West 46th Street. The full-floor configuration supports office, showroom, jewelry, and other professional uses, subject to applicable requirements. The building was constructed in 1987, and the property carries C6-4.5 zoning.
The property is positioned in New York’s Diamond District between Fifth Avenue and Sixth Avenue, placing the space within a recognized commercial jewelry and showroom area. The offering provides ownership of a complete second-floor office condominium rather than an individual suite.
The property is positioned in New York’s Diamond District between Fifth Avenue and Sixth Avenue, placing the space within a recognized commercial jewelry and showroom area. The offering provides ownership of a complete second-floor office condominium rather than an individual suite.
Key Highlights
- Approximately 4,800 SF office condominium
- Entire second floor included in the offering
- C6‑4.5 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$150,301
Cap Rate
3.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,006,020
$3.0M
Cap Rate 7%
$2,147,157
$2.1M
Cap Rate 9%
$1,670,011
$1.7M
Market Conditions
NOI Build-Up for 4,800 SF
Gross rent
$247.1K $51.48/SF
− Vacancy
−$46.7K −$9.73/SF
EGI
$200.4K $41.75/SF
− OpEx
−$50.1K −$10.44/SF
NOI
$150.3K $31.31/SF
Area
New York, NY
Vacancy
18.90%
Lease Rate
$51.48 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,006,020
Cap Rate 7%
$2,147,157
Cap Rate 9%
$1,670,011
Alternative Uses
Best Use
Retail
$9.65M
$8.44M – $11.26M
NOI $675,478 @ 7.0% cap · market cap 14.68%
Second Best
Office B
$2.15M
$1.88M – $2.51M
NOI $150,301 @ 7.0% cap · market cap 3.27%
Theoretical Best
Specialty Retail
$11.95M
$10.45M – $13.94M
NOI $836,352 @ 7.0% cap · market cap 18.18%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
1
Office units
Location Intelligence
Trade Area within ½ mile
94,218
Businesses Nearby
Explore this area
Business Placement
Demographics for 10017, NY
17,401
Population
12,866
Households
1.4
Avg Household Size
38
Median Age
85%
College-Educated
97%
High-School Grad
0.3 sq mi
ZIP Area
58,003
Density / Sq Mi
$132,518
Median Household Income
$94,214
Median Earnings
$2,980
Median Rent
$808,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office units - Second-floor commercial condominium suitable for office, showroom, jewelry, and professional uses in Manhattan’s Diamond District.
Where is this office units located?
The property is located at 10 West 46th Street New York, NY.
What is the asking price?
The asking price for this property is $4,600,000.
What are key features of this property?
This property features: Approximately 4,800 SF office condominium; Entire second floor included in the offering; C6‑4.5 zoning
