Five-Story Office
For Sale
Contact for pricing
44 West 46th Street, New York, NY 10036
Existing commercial improvements are subject to an absolute NNN ground lease with approximately 42 years remaining.
Property Size8,655 SF
Days on Market60
Property Features for 44 West 46th Street
General Information
Standard status
Active
Size
8,655 SF
Property subtype
Office
Zoning
C6-4.5 (R10), MID
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$70,000
Building Details
Year Built
1985
Buildings
1
Stories
5
Tenancy
Single
Owner Occupied
No
Listing Agency:
BKREA
Listed By:
Bob Knakal · License #NY 10301211305
(917) 509-9501
Source:
Crexi
Added: Jul 6
Changed: Sep 1
Last Checked: Sep 1 at 6:52AM
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 BKREA
Investment Insights
Based on property information with market context.
The offering comprises the fee interest beneath a five-story commercial office building in Midtown Manhattan. Constructed in 1985, the property contains approximately 8,655 gross square feet and presents approximately 20 feet of frontage on West 46th Street. The building is surrounded by boutique commercial properties and is positioned near Bryant Park and the Diamond District.
The ground lease with Hymsal Properties Corp. has approximately 42 years remaining and is structured on an absolute NNN basis, placing operating expenses and real estate taxes with the tenant. The property is zoned C6-4.5 (R10), MID. Previously conveyed air rights benefit an adjacent property, limiting future development potential and directing attention to the existing building and underlying fee interest.
The ground lease with Hymsal Properties Corp. has approximately 42 years remaining and is structured on an absolute NNN basis, placing operating expenses and real estate taxes with the tenant. The property is zoned C6-4.5 (R10), MID. Previously conveyed air rights benefit an adjacent property, limiting future development potential and directing attention to the existing building and underlying fee interest.
Key Highlights
- Fee interest beneath a five‑story commercial building
- Approximately 8,655 gross square feet with approximately 20 feet of frontage
- Constructed in 1985
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
90,344
Businesses Nearby
Explore this area
Business Placement
Demographics for 10036, NY
33,868
Population
22,473
Households
1.5
Avg Household Size
37
Median Age
69%
College-Educated
93%
High-School Grad
0.4 sq mi
ZIP Area
84,670
Density / Sq Mi
$100,225
Median Household Income
$86,122
Median Earnings
$2,301
Median Rent
$988,000
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Existing commercial improvements are subject to an absolute NNN ground lease with approximately 42 years remaining.
Where is this office building located?
The property is located at 44 West 46th Street New York, NY.
What are key features of this property?
This property features: Fee interest beneath a five‑story commercial building; Approximately 8,655 gross square feet with approximately 20 feet of frontage; Constructed in 1985
