Mixed-Use (West Mid-Town Manhattan, NYC)
GREAT CORNER LOCATION | PRIME MIXED USE INVESTMENT | MIDTOWN WEST SIDE
Marketing description
Prominently LOCATED on the southeast corner of Tenth Avenue and West 47th Street. This property represents a prime mixed-use investment and redevelopment opportunity in the HEART of MIDTOWN’S WEST/HELL’S KITCHEN. The site offers approximately 25.08 feet of FRONTAGE along Tenth Avenue and extends 100.42 feet along West 47ty Street , totaling roughly 2,518 square feet of land area.
With its irreplaceable corner location, strong tenancy and zoning flexibility, 668 Tenth Avenue (a.k.a. 468 West 47th Street) offers investors and developers an attractive opportunity to acquire a mixed-use asset with both current and long-term value-add potential in one of Manhattan’s most dynamic West Side neighborhoods.
Investment highlights
The existing improvement consists of two interconnected buildings: a five-story mixed-use structure facing Tenth Avenue (668 10th Avenue) and a two-story rear building fronting West 47th Street (468 West 47th Street). The front building features a ground-floor restaurant tenant with eight residential apartments above, while the rear building includes an Italian restaurant on the first floor and a three-bedroom apartment on the second floor with a separate from West 47th Street.
Together, these structures create a cohesive corner assemblage with excellent exposure, dual frontage and stable in-place income. Zoned R8/C2-5, the property allows a range of residential and commercial uses, with meaningful development and repositioning potential. A future concept may include a modern facade, reconfigured retail concept layout, and upgraded residential units to capture continued rental growth and tenant demand in this rapidly evolving corridor.
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