408 46th St New York, NY 10036-3537
Property Lookup
Property profile & analytics
408 46th St New York, NY 10036-3537
- Investment properties
- 6,190 SF
- 0.04 lot acres
Property ID
US63-1334269
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Investment properties
Property Details for 408 46th St
- Year built
- 1920
- Lot size
- 0.04 lot acres
- Property size
- 6,190 SF
- Zone code
- R8
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 01055-0039
- APU
- 10550039
Description
This exceptional 5-unit apartment building, located at 408 West 46th Street in the vibrant Hell's Kitchen neighborhood of Midtown Manhattan, presents a unique investment opportunity. The property boasts 7,296 square feet across five stories, offering condo-quality finishes throughout. Each unit is entirely free-market, classified as Tax Class 2A, ensuring a strong and stable cash flow. This newly gut-renovated building requires zero short-term capital expenditures, making it an immediately profitable asset. Its prime location provides easy access to public transportation and numerous retail establishments, enhancing its appeal to tenants. The building's luxurious finishes and desirable location in a rapidly developing area of Manhattan make it an attractive investment for discerning buyers. The asking price for this turnkey property is $7,600,000. This is a rare chance to acquire a boutique luxury rental building in one of Manhattan's most sought-after neighborhoods, offering both immediate returns and significant long-term growth potential. The property's strong financial performance, coupled with its prime location and high-quality finishes, makes it an ideal addition to any investment portfolio.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $3,510,000
- ML approach
- $3,620,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $3,290,000
- 6.5%
- $3,035,000
- 7%
- $2,820,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $2,887,000
Market price range: $2.89M - $8.43M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $5,450,000 Current use
- WAREHOUSE, STORAGE
- $5,060,000 Change: -7% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- New York
- County
- New York
- State
- New York
- Longitude
- -73.9916
- Latitude
- 40.7611
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$47,742
$107,745
$274,127
$381,872
-
$814,000
$2,071,000
$2,885,000
