Properties For Sale or Rent
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Property Description
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
- Heating System:
- Other
- Cooling System:
- Central Air
- Basement:
- Full
- Sewer:
- Other
- Utilities:
- See Remarks
Address Map
- City:
- NY
- State:
- NY
- County:
- New York (Manhattan)
Property and Construction
- Development Status:
- Brick
- Agent MlsId:
- 141175
- Office MlsId:
- WIN02
- Special Listing Conditions:
- No
- Tax Annual Amount:
- $96,101
- Water Source:
- Other
- PhotosCount:
- 28
Commercial Sale For Sale
315 46 Street, New York, NY
2,008 Acre
$7,950,000
Listing ID #880436
Basic Details
- Property Type :
- Commercial Sale
- Property SubType :
- Other
- Listing ID :
- 880436
- Price :
- $7,950,000
- Bathrooms Total :
- 0
- Building Area :
- 3,539 Sqft
- Lot Area :
- 2,008 Acre
- Year Built :
- 1910
- Status :
- Active
- Status :
- Active
- Listing Office :
- Winzone Realty Inc
- Listing Agent :
- Victoria Chang
Agent info
Kasner Properties
284 W Park Ave Long Beach, NY 11561
Contact Agent
Walkscore
