Mixed-Use Office and Restaurant
17 E 48th St New York, NY 10017
17 E 48th St, New York, NY, 10017
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For Sale
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Nine-story mixed-use building with Hatsuhana operating under a lease extending through December 2038.
Property Size18,550 SF
Days on Market70
Property Features for 17 E 48th St
General Information
- Standard status
- Active
- Size
- 18,550 SF
- Property subtype
- Office
Building Details
- Year Built
- 1915
Listing agency
(212) 430-5175
Listed by
Adam Steiner · License #License(s): NJ: 2298831, NY: 10401373472
(212) 430-5175
Source
Marcusmillichap
Added: May 14 Updated: Jul 22 at 4:04PM Checked: Jul 22 at 4:04PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Adam Steiner
Investment Insights
Based on property information with market context.
Marcus & Millichap is pleased to present 17 East 48th Street, a nine-story, mixed-use building offered for sale in fee simple. The property contains restaurant and office components, and is owned and operated by the same family since the late 1980s. Hatsuhana, a sushi restaurant operating at this location since 1976, occupies the three most valuable floors under a long-term lease extending through December 2038.
Located in the heart of Manhattan’s Plaza District, the property is approximately one block from Fifth Avenue and steps from Rockefeller Center, directly across from JPMorgan Chase’s new global headquarters at 270 Park Avenue. Access is also a major feature, with the property located moments from Grand Central Terminal and its 4, 5, 6, 7, and Shuttle trains, along with nearby subway lines including the B, D, F, and M.
Income is anchored by the Hatsuhana lease, with approximately 58 percent of the property’s income secured by that lease. A recently executed lease with the Irvine Group on the eighth floor is scheduled to commence this Spring, and six upper-floor leases are scheduled to roll within the near term.
Located in the heart of Manhattan’s Plaza District, the property is approximately one block from Fifth Avenue and steps from Rockefeller Center, directly across from JPMorgan Chase’s new global headquarters at 270 Park Avenue. Access is also a major feature, with the property located moments from Grand Central Terminal and its 4, 5, 6, 7, and Shuttle trains, along with nearby subway lines including the B, D, F, and M.
Income is anchored by the Hatsuhana lease, with approximately 58 percent of the property’s income secured by that lease. A recently executed lease with the Irvine Group on the eighth floor is scheduled to commence this Spring, and six upper-floor leases are scheduled to roll within the near term.
Key Highlights
- Nine‑story, 21,004 SF fee simple mixed‑use building built in 1915
- Hatsuhana sushi restaurant has operated at the property since 1976
- Hatsuhana occupies the three most valuable floors under a long‑term lease through December 2038
Property Analytics
Location Intelligence
Current Use by Public Records
Kahiri Diamonds
Big Box & Wholesale Store
Hatsuhana
Restaurant
A G Color Inc
(Bike/Boat/Book/etc) Store
Mila Gems
(Bike/Boat/Book/etc) Store
T S Manufacturing
Industrial Manufacturer
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FAQs
What type of property is this?
Office building - Nine-story mixed-use building with Hatsuhana operating under a lease extending through December 2038.
Where is this office building located?
The property is located at 17 E 48th St New York, NY.
What are key features of this property?
This property features: Nine‑story, 21,004 SF fee simple mixed‑use building built in 1915; Hatsuhana sushi restaurant has operated at the property since 1976; Hatsuhana occupies the three most valuable floors under a long‑term lease through December 2038
