www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
30025151
30025161

467 W 49th St, New York, NY 10019

SB
NY 30BO1115908
Marcus & Millichap - Manhattan
Listed by Marcus & Millichap - Manhattan
$6,500,000
97 days on market
Updated 15 days ago

714 10TH AVE NYC

Details
APN 1059-1
Property Type Mixed Use, Multifamily (+1)
Sub Type Apartment Building, Storefront
Square Footage 4,297
Net Rentable (SqFt) 4,297
Units 4
Cap Rate 4.35%
NOI $282,571
Occupancy 100%
Pro-Forma Cap Rate 5.51%
Pro-Forma NOI $358,347
Price per SqFt $1,513
Broker Co-Op Yes
Year Renovated 1987
Buildings 1
Stories 4
Lot Size (SqFt) 1,285
Zoning C2-5/R8/CL
Investment Type Value Add
Ground Lease No
Ownership fee simple

Midtown West Free Market Mixed Use

Marketing description

The OpportunityMarcus & Millichap is pleased to exclusively present 714 Tenth Avenue, a premier mixed-use investment opportunity located on a high-visibility corner in Midtown West . Situated on the northeast corner of West 49th Street and Tenth Avenue, this four-story, 20-foot-wide building spans approximately 4,297 square feet .The asset features 20 feet of frontage along Tenth Avenue and 64 feet of frontage along West 49th Street . Zoned C2-5/R8/CL, the property includes 3409 square feet of additional air rights, offering substantial future development upside .Investment HighlightsPrime Corner Location: High-traffic corner asset in a rapidly transforming Manhattan submarket .100% Free-Market: All residential units are completely free-market with no rent-stabilization history .Development Upside: Unlocked value via 7,159 square feet of available air rights .Transit-Oriented: Steps from Times Square, Port Authority Terminal (A/C/E lines), and the 7-train subway extension .Macro-Location Advantage: Borders Hudson Yards, the largest private development in U.S. history .

Investment highlights

Prime Corner Location: High-traffic corner asset in a rapidly transforming Manhattan submarket [.

100% Free-Market: All residential units are completely free-market with no rent-stabilization history .

Development Upside: Unlocked value via additional 3409 square feet of a air rights .

Transit-Oriented: Steps from Times Square, Port Authority Terminal (A/C/E lines), and the 7-train subway extension .

Macro-Location Advantage: Borders Hudson Yards, the largest private development in U.S. history .

Great Opporunity for end user.

Listing Contacts

SB
NY 30BO1115908
Marcus & Millichap - Manhattan
Listed by Marcus & Millichap - Manhattan

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$282,571.00
$23,547.58/mo

Valuation Metrics

0
DSCR
4.35%
Cap Rate
4.35%
ROI

Map

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Similar Properties

View All
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591