410-412 West 46th Street

Cushman & Wakefield has been exclusively retained to market 410 West 46th Street and 412 West 46th Street for sale or for ground lease. This offering presents an excellent opportunity for an investor to add value through both substantial rehabilitation and renovation to two adjacent five-story walk up apartment buildings in Manhattan’s Hell’s Kitchen neighborhood. The two properties combine for over 53’ of frontage along the beautiful, tree-lined West 46th Street and encompass 19,573 square feet above-grade. There are a total of 30 units between the two buildings and they are made up of a varied mix of studios, 1-Beds, 2-Beds and 3-beds. 410 West 46th Street is partially occupied at the moment and is ripe for a renovation to its common areas and apartments to increase the buildings rents and occupancy. 412 West 46th Street is currently entirely vacant and there is an active Certificate of Non-Harassment (CONH) in place. With an in-place CONH, a new investor can immediately gut-renovate 412 West 46th Street and bring almost all of the units to market rate rents through a substantial rehabilitation program. This is a rare opportunity whereby there is an in-place and active CONH and the building is currently vacant. 410 West 46th Street and 412 West 46th Street represent an excellent opportunity for an investor to add value through repositioning the existing bricks to bring these buildings up to market rate standards in one of most attractive neighborhoods in New York City.