315 W 46 Street, New York (Manhattan), NY

$7,950,000

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3,539

Square feet

0.05

Acres

About 315 W 46 Street

Current Configuration: 4 Residential Units + 1 Retail Storefront Annual Gross Income: $465,000 2024 Property Taxes: Only $96,000 Lot Size: 20×100.42ft Building Footprint: 20×50ft (approx. 3,540SF, 3 stories) Development & Upside Potential Zoning: R8 (High-Density Residential) with C1-5 Commercial Overlay • Residential FAR up to 6.02 under R8 zoning – allows building ~6× the lot area (~12,000SF) • C1-5 overlay Commercial FAR of 2.0 within R8, equating to combined FAR equal to the higher of the two (6.02) Buildable Area: Over 12,000SF of potential space – ideal for expansion, redevelopment, or mixed-use conversion. Key Highlights • Turn-key income: Immediate cash flow with long-term tenants (+ retail), plus two vacant units for flexible use • Tax-efficient ownership: Annual tax burden only ~$96K, low compared to income • Transferrable development rights: Rare Manhattan plot with substantial upside under current zoning • Midtown core location: Minutes from Broadway, Times Square, transit, dining, and entertainment

Features of 315 W 46 Street

MLS® # 880436
Price $7,950,000
Bathrooms 0.00
Square Footage 3,539
Square Footage 2008
Acres 0.05
Year Built 1910
Type Commercial Sale
Sub-Type Other
Status Active

Community Information

Address 315 W 46 Street
City New York (Manhattan)
County New York (Manhattan)
State NY
Zip Code 10036

Amenities

Utilities See Remarks
Is Waterfront No
Has Pool No

Interior

Heating Other
Cooling Central Air
Fireplace No
Has Basement Yes
Basement Full

Exterior

Construction Brick

Additional Information

Date Listed June 20th, 2025
Days on Market 124
Short Sale No
RE / Bank Owned No

Listing Details

OfficeWinzone Realty Inc
Contact Info347-781-8888

Listing Map

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