Free Market: 371 West 46th Street is a prime mixed-use investment opportunity in the heart of Midtown Manhattan, just steps from Times Square. The property features three free-market residential units, all fully renovated and leased on annual terms, plus one retail tenant. An established restaurant currently paying under-market rent, offering strong upside potential. With its renovated apartments, excellent location, and income growth opportunity, this asset presents a rare chance to own a well-positioned property in one of New York City’s most dynamic neighborhoods.
Active
$4,700,000
371 W 46th St, New York, NY 10036
9beds
4,194sqft
Multi Family
Built in 1920
-- sqft lot
$-- Zestimate®
$1,121/sqft
$-- HOA
What's special
- 291 days |
- 241 |
- 4 |
Zillow last checked:
Listing updated:
Listed by:
SERHANT. 818-516-9900,
Shlomo Galatz,
Bernadette Brennan
Source: StreetEasy,MLS#: S1793403
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 9
- Bathrooms: 5
- Full bathrooms: 3
- 1/2 bathrooms: 2
Features
- Has fireplace: No
Interior area
- Total structure area: 4,194
- Total interior livable area: 4,194 sqft
Property
Details
- Parcel number: 010370102
- Special conditions: Resale
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- Year built: 1920
Community & HOA
Community
- Subdivision: Hell's Kitchen
Location
- Region: New York
Financial & listing details
- Price per square foot: $1,121/sqft
- Tax assessed value: $3,166,000
- Annual tax amount: $93,020
- Date on market: 10/1/2025
Estimated market value
Not available
Estimated sales range
Not available
$6,311/mo
Price history
| Date | Event | Price |
|---|---|---|
| 3/16/2026 | Price change | $4,700,000-6%$1,121/sqft |
Source: StreetEasy #S1793403 Report a problem | ||
| 10/20/2025 | Price change | $4,999,999-13.8%$1,192/sqft |
Source: StreetEasy #S1793403 Report a problem | ||
| 10/1/2025 | Listed for sale | $5,800,000+65.7%$1,383/sqft |
Source: StreetEasy #S1793403 Report a problem | ||
| 6/6/2013 | Sold | $3,500,000$835/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $93,020 +1.6% | $1,424,700 +15.6% |
| 2024 | $91,592 +10.1% | $1,232,820 +20% |
| 2023 | $83,213 | $1,027,350 -17.2% |
| 2022 | -- | $1,240,650 -15% |
| 2021 | -- | $1,459,350 -4.9% |
| 2020 | -- | $1,534,500 +1.3% |
| 2019 | $70,292 +6.8% | $1,514,700 +190.3% |
| 2018 | $65,810 +0.7% | $521,808 +1.6% |
| 2017 | $65,325 +6.1% | $513,598 +8% |
| 2016 | $61,547 | $475,555 +8% |
| 2015 | $61,547 +131.9% | $440,329 +1.6% |
| 2014 | $26,535 | $433,501 |
Find assessor info on the county website
Monthly payment
Climate risks
Neighborhood: Hell's Kitchen
Nearby schools
GreatSchools rating
- 6/10P.S. 51 Elias HoweGrades: PK-5Distance: 0.3 mi
- 4/10Middle 297Grades: 6-8Distance: 2.2 mi
- 7/10Professional Performing Arts High SchoolGrades: 6-12Distance: 0.1 mi
- $--3 bd1 ba-- sqft371 W 46th St #3, New York, NY 10036Off Market
- $--3 bd1 ba-- sqft371 W 46th St FRNT 2, New York, NY 10036Off Market
- $--3 bd1 ba-- sqft371 W 46th St APT 1, New York, NY 10036Off Market
- $--1 bd1 ba-- sqft369 W 46th St #PENTHOUSE, New York, NY 10036Off Market
- $--2 bd2 ba5.2k sqft369 W 46th St, New York, NY 10036Off Market
- $2,460,5002 bd2 ba5.2k sqft369 W 46th St APT 1, New York, NY 10036Off Market
- $1,839,500-- bd-- ba2.8k sqft373 W 46th St, New York, NY 10036Off Market
- $---- bd1 ba400 sqft367 W 46th St #203, New York, NY 10036Off Market
A local agent can set up tours, give advice and negotiate with sellers.
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