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Elevator Mixed-Use Property
For Sale
Contact for pricing
Pending

346 W 53rd St, New York, NY 10019

Well-maintained building combines residential apartments with commercial space in Hell’s Kitchen’s R8/C2-7 zoning district.

Property Size10,400 SF
Days on Market144

Property Features for 346 W 53rd St

General Information

Standard status Pending
Size 10,400 SF
Elevators Yes
Property subtype Retail, Multifamily, Office, Hospitality, Mixed Use, Special Purpose, Senior Living
Zoning R8/C2-7
Occupancy 100%

Site & Location

Road Access Yes
Public Transit Yes
Utilities to Site Yes

Additional Details

Asking Price $9,300,000
Multifamily Units 9

Amenities

balconies
terraces

Building Details

Year Built 1989
Buildings 1
Stories 7
Construction brick
Tenancy Multi
Listing Agency: eXp Realty
Listed By: Harvey Heit · License #NY 30HE0823434
Source: Crexi
Added: Apr 10 Changed: Aug 30 Last Checked: Aug 30 at 12:01AM

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 eXp Realty

Investment Insights

Based on property information with market context.

This mixed-use property contains 10,400 built square feet in a brick elevator building constructed circa 1989. The asset includes nine free-market apartments with one- and two-bedroom layouts across the second through seventh floors; each apartment has either a balcony or terrace, and select duplex units include both. Commercial space is located within the building, and the property is currently fully occupied.

Residential and commercial occupants have individual furnaces and hot-water tanks and pay their own utilities, while ownership covers hall electricity and residential water. The property is situated at 346 W 53rd St between Eighth and Ninth avenues in Hell’s Kitchen, within the Special Clinton High-Density Residential Districts. Zoning is R8/C2-7, with a maximum residential FAR of 6.02 and an actual built FAR of 4.18. Nearby transportation includes the Port Authority Bus Terminal, seven NYC bus routes, and the A, C, and E subway lines along Eighth Avenue.

Key Highlights

  • 10,400 built SF brick elevator building constructed circa 1989
  • Currently 100% occupied; 7 out of 9 tenants are month to month
  • 9 free‑market 1‑2 BR apartments, each with a balcony or terrace

Property Analytics

Current Use

I-Steamers Carpet & Upholstery ... Renovation Specialist Upholstery Cleaning NYC Renovation Specialist New Paradise Men's ... Spa & Massage Center Guangzhe Piao Alternative Medicine Practice

Suggested Use

Top Pick Real Estate Agency Law Firm Parking Lot & Garage Nursing Home Gym & Fitness Center Pet Grooming Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

9
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Paved road access
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

6,087
Businesses Nearby

Demographics for 10019, NY

49,029
Population
33,279
Households
1.5
Avg Household Size
38
Median Age
78%
College-Educated
98%
High-School Grad
0.7 sq mi
ZIP Area
70,041
Density / Sq Mi
$121,835
Median Household Income
$108,231
Median Earnings
$2,619
Median Rent
$1,066,100
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Well-maintained building combines residential apartments with commercial space in Hell’s Kitchen’s R8/C2-7 zoning district.
Where is this mixed-use property located?
The property is located at 346 W 53rd St New York, NY.
What are key features of this property?
This property features: 10,400 built SF brick elevator building constructed circa 1989; Currently 100% occupied; 7 out of 9 tenants are month to month; 9 free‑market 1‑2 BR apartments, each with a balcony or terrace
More about this property
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