$11,700,000
Updated 3 years ago
Off Market

410-412 West 46th Street

Hell's Kitchen, Manhattan | Ninth Ave & Tenth Ave

19,573 Square FeetIncome Property

$11,700,000
floors / apts5 / 30
Lot Size53'1"x100'4"
Built Size53'1"x84'
ZoneR8
Building TypeLow-Rise
RE Taxes$191,902
Price Per SF
$598

Building Amenities

  • Voice Intercom

Property Description for 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.

Listing History for 410-412 West 46th Street

Now
09/07/2023
POM by Andrew Berry
Cushman & Wakefield
2023

Building Details for 410-412 West 46th Street

OwnershipIncome Property
Building TypeLow-Rise
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1910
Floors/Apts5/30
Learn More About the Building

Contact Agents

Contact Agents

Andrew Berry
Cushman & Wakefield
Maurice Suede
Cushman & Wakefield
Charlie Gravina
Cushman & Wakefield

Hell's Kitchen | Manhattan

Quick Profile

There is some mystery surrounding Hell’s Kitchen and how it got its name. There’s the tale about two policemen discussing how horrendous the neighborhood was back in 1880’s. The rookie cop turned to the veteran cop and said, “this place is hell.” The veteran cop replied, “No, this is hell’s kitchen.” Some say it's named after a notorious 19th century motorcycle gang. Even the historians will tell you the neighborhood's name has dubious origins. 

Regardless of how it got its name, Hell’s Kitchen is here to stay.

Hell’s Kitchen is an iconic neighborhood on the west side of Manhattan. Its boundaries are 34th and 59th streets and 8th Avenue to the Hudson River. The neighborhood has a dense urban feel with plenty of bars, bodegas, restaurants and coffee shops. It’s inhabited by an eclectic mix of young professionals, long term residents from the old days, LGBQT community and members of the performing arts community - due to the highest number of off Broadway theatres in all of New York CIty. 

From the early 1800’s to the 1980’s, Hell’s Kitchen held the title for one of the toughest neighborhoods in the city. In its early history it was populated by poor working class Irish and street gangs. Riots, violence, and crime were not uncommon. During prohibition times it was said that Hell’s Kitchen had more speakeasies than children. 

Several attempts of neighborhood rebranding have taken place over the years. Clinton, Midtown West, and even the short-lived Hell’s Canyon are a few of the replacement names that have been used. Hell’s Kitchen has a lot of grit and no shortage of fortitude. A trendy name change seems doubtful. 

Hell’s Kitchen benefited greatly from the Times Square clean up in the 1990’s. When crime rates lowered and adult theatres and prostitution disappeared, Times Square became less sleazier. Soon after, Hell’s Kitchen changed. The days of Gangsters, Irish immigrants, and rough and tumble housing tenements are part of its storied history. They’ve been replaced with bars, bodegas, restaurants, off broadway theatres, and luxury buildings. The recent completion of Hudson Yards and the Highline extension has brought new life into Hell’s Kitchen 

Low-rises, brownstones, row houses and 5 to 6 floor walk ups with studio and one bedroom apartments are common in Hell’s Kitchen. The local zoning laws from previous years kept the building heights on the lower side. Over the past decade, developers have been granted exceptions to building height zoning laws and created more modern highrise developments.

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 82003TH