315 W 46 Street New York (Manhattan), NY 10036
Other
MLS #: 880436
Courtesy Of WINZONE REALTY INC.
Property InformationDescription
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
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
- Age: Over 50 Years Old
- Architecture Style: Other
- Cooling System: Central Air
- Exterior Type: Brick
- MLSID: 880436
- Rooms: Basement
MAP & DIRECTIONS
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