263 E 46th St

This 20-foot-wide, three-story apartment building contains six units arranged at the front and rear of the property. The first-floor front unit is a studio, while the remaining five units are one-bedroom apartments, each featuring a living and dining area, a full kitchen, and a full bathroom. All units are rent stabilized and individually metered for cooking gas and electricity, with meters located in the basement, which offers 7-foot ceilings. The building is serviced by a gas boiler and water heater.

The property represents a prime investment opportunity with stable cash flow and value-add potential through updates to common areas and stairwells. The lot size also provides the possibility for future condominium development. Additionally, it offers an attractive user opportunity, allowing an owner to occupy a first-floor unit and duplex it with the basement while generating rental income from the upper floors. Situated on a quiet, family-oriented residential block primarily composed of one- and two-family homes, the property is conveniently located just off Clarkson Avenue near major retailers and services. Public transportation is easily accessible via the 46 bus along Utica Avenue, connecting to Eastern Parkway and the 2, 3, 4, and 5 subway lines, contributing to consistently strong rental demand.