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a.k.a. 468 West 47th Street 668 10th Ave 11 Unit Apartment Building $18,607,155 CAD ($1,691,560 CAD/Unit) 2.20% Cap Rate New York, NY 10036
INVESTMENT HIGHLIGHTS
- Excellent Corner Location in Mid-Town West Side Neighborhood.
EXECUTIVE SUMMARY
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.
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.
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.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$768,269
|
$92.32
|
| Other Income |
$17,406
|
$2.09
|
| Vacancy Loss |
$86
|
$0.01
|
| Effective Gross Income |
$785,589
|
$94.40
|
| Taxes |
$240,681
|
$28.92
|
| Operating Expenses |
$142,606
|
$17.14
|
| Total Expenses |
$383,287
|
$46.06
|
| Net Operating Income |
$402,302
|
$48.34
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $768,269 |
| Annual Per SF | $92.32 |
| Other Income (CAD) | |
|---|---|
| Annual | $17,406 |
| Annual Per SF | $2.09 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $86 |
| Annual Per SF | $0.01 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $785,589 |
| Annual Per SF | $94.40 |
| Taxes (CAD) | |
|---|---|
| Annual | $240,681 |
| Annual Per SF | $28.92 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $142,606 |
| Annual Per SF | $17.14 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $383,287 |
| Annual Per SF | $46.06 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $402,302 |
| Annual Per SF | $48.34 |
PROPERTY FACTS
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Kitchen
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Walking/Biking Trails
- Storage Space
- Public Transportation
- Walk-Up
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 9 | - | - |
1 1
Walk Score®
Walker's Paradise (99)
Transit Score®
Rider's Paradise (100)
Bike Score®
Biker's Paradise (91)
PROPERTY TAXES
| Parcel Number | 1056-0061 | Total Assessment | $1,948,218 CAD (2025) |
| Land Assessment | $711,849 CAD (2025) | Annual Taxes | $240,681 CAD ($28.92 CAD/SF) |
| Improvements Assessment | $1,236,369 CAD (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
1056-0061
Land Assessment
$711,849 CAD (2025)
Improvements Assessment
$1,236,369 CAD (2025)
Total Assessment
$1,948,218 CAD (2025)
Annual Taxes
$240,681 CAD ($28.92 CAD/SF)
Tax Year
2024
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Presented by
Full Score Realty Inc.
a.k.a. 468 West 47th Street | 668 10th Ave
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