We are pleased to highlight our sale of 328-330 West 46th Street in Midtown West. Located on “Restaurant Row,” one block west of the heart of Times Square and across from the brand new Riu Hotel tower, 328-330 West 46th Street is a 40’ wide, mixed-use building on the south side of West 46th Street between Eighth and Ninth Avenue. The property has been held by the same ownership for over 35 years, and the sale affords a dual opportunity to realize significant returns - through upgrading the existing commercial and residential spaces as well as developing all or much of the approximately 8,040 sq. ft. of air rights. At present, there is a restaurant spanning the garden-level and 11 apartments above (9 FM, 1 RS, and 1 vacant). 328-330 West 46th Street represents an excellent value-add investment in the heart of Manhattan.
- 8,830
SF - $1,415
Price/SF - $1,041,666
PPU - 15.70
GRM
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INVESTMENT HIGHLIGHTS
exclusive agents
Josh Lipton
Manhattan Office
212 596 7579
Andrew Levine
Manhattan Office
212 596 7570
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