Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    446 54th St New York, NY 10019-4406
    Back to Search
    Property profile & analytics

    446 54th St New York, NY 10019-4406

    View on Map
    • Auto shops
    • 4,450 SF
    • 0.06 lot acres
    Off-Market
    Last Sale Oct 13, 2022
    $109,700,000
    Property ID
    US63-5577126
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Safelite AutoGlass / General Contractor / Renovation Specialist

    Property Details for 446 54th St

    Year built
    1950
    Lot size
    0.06 lot acres
    Property size
    4,450 SF
    Zone code
    C6-2
    Property type
    Auto shops
    APN
    01063-0055
    APU
    10630055

    Description

    Discover a remarkable 2,400-square-foot ground-floor retail space at 446 West 54th Street, in the heart of Hell's Kitchen, Manhattan. This single-tenant property boasts a spacious, column-free open layout perfect for a variety of uses. High ceilings (12 feet) and durable concrete floors create a modern and adaptable environment. The space includes convenient amenities such as an automatic garage door, a curb cut for easy access, and a private bathroom. A tenant-controlled HVAC system ensures climate comfort year-round. This versatile property is ideal for a storefront retail business or office space, offering a vented space suitable for various needs. Located in New York County, this property offers unparalleled access to the vibrant energy of Hell's Kitchen. The asking rent is available upon request, and flexible terms are open for negotiation. Don't miss this exceptional opportunity to establish your business in a prime Manhattan location. This property presents a unique blend of functionality and accessibility, making it an attractive option for discerning businesses seeking a dynamic and convenient space.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    New York
    County
    New York
    State
    New York
    Longitude
    -73.9892
    Latitude
    40.7666
    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
    $79,084
    $450,000
    $296,640
    $746,640
    -
    $1,000,000
    $830,000
    $1,830,000

    Comparable in this City

    • Value Estimation by Request
      15,000 SF

      792-798 10th Ave

      AUTO REPAIR, GARAGE • 15,000 SF
      792-798 10th Ave, New York, NY 10019
      View Details
    • Value Estimation by Request
      5,021 SF

      623 50th St

      AUTO REPAIR, GARAGE • 5,021 SF
      623 50th St, New York, NY 10019-7029
      View Details
    • Value Estimation by Request
      9,998 SF

      614 51st St

      AUTO REPAIR, GARAGE • 9,998 SF
      614 51st St, New York, NY 10019-5020
      View Details
    • Value Estimation by Request
      0.51 Acres

      9th Ave Ave

      AUTO REPAIR, GARAGE • 0.51 Acres
      9th Ave Ave, New York, NY 10019
      View Details
    • Value Estimation
      $910,000
      30,432 SF

      411-413 55th St

      AUTO REPAIR, GARAGE • 30,432 SF
      411-413 55th St, New York, NY 10019
      View Details
    • Value Estimation by Request
      54,420 SF

      23-25 55th St

      AUTO REPAIR, GARAGE • 54,420 SF
      23-25 55th St, New York, NY 10019
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      31,264 SF

      Times Square Retail Condominium

      Multi-story retail condominium in Times Square, 100% leased.
      1619 Broadway, New York, NY 10019
      View Details
    • Contact for pricing
      15,000 SF

      Renovated Mixed-Use Building For Sale

      Elevated building with apartments, retail space, and redevelopment potential.
      54th W Street, New York, NY 10019
      View Details
    • Contact for pricing
      101,945 SF

      Retail and Office Space Available

      101,945 SqFt retail and office space for sale.
      1657 Broadway, New York, NY 10019
      View Details
    • Contact for pricing
      5,802 SF

      Midtown Manhattan Retail Building

      Recently renovated 5,802 SF building with restaurant space.
      43 W 54Th St, New York, NY 10019
      View Details
    • $1,000,000
      1,400 SF

      Retail Space in New York

      Retail space available for sale in New York, NY.
      825 11Th Ave, New York, NY 10019
      View Details
    • Contact for pricing
      8,810 SF

      Mixed-Use Buildings with Retail

      Two mixed-use buildings featuring retail spaces and free-market apartments.
      718 10Th Ave, New York, NY 10019
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Premier Office and Retail Venue

      Office, retail, and parking space with access to amenities.
      1 Columbus Cir, New York, NY 10019
      View Details
    • Contact for pricing
      2,000 SF

      Retail Space in New York

      2000 sqft retail space available for rent in New York.
      723 11Th Ave, New York, NY 10019
      View Details
    • Contact for pricing
      850 SF

      Retail Space in New York

      Retail space available for rent in New York, NY.
      359 West 54Th St, New York, NY 10019
      View Details
    • Contact for pricing
      5,500 SF

      Prime Retail Space Available

      5500 SF retail space for rent in New York.
      117 West 58Th St, New York, NY 10019
      View Details
    • Contact for pricing
      38,600 SF

      Retail Space Available For Rent

      38,600 square foot retail space available for rent.
      614 West 56Th St, New York, NY 10019
      View Details
    • $75 SF/Yr

      Hell's Kitchen Retail Space

      Retail space in prime Hell's Kitchen location for rent.
      415 W 50Th St, New York, NY 10019
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    446 54th St
    New York, NY 10019-4406
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    446 54th St, New York, NY, 10019
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!