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Midtown West Mixed-Use Opportunity
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365 W 46th St, New York, NY 10036

Vacant mixed-use building in Midtown West's Restaurant Row.

Property Size9,976 SF
Lot Size0.08 Acres
Price / SF$1,303
Days on Market181

Property Features for 365 W 46th St

General Information

Standard status Active
Size 9,976 SF
Lot size 0.08 Acres
Property subtype Retail, Multifamily, Mixed Use
Zoning R8, C1-5
Occupancy 100%
Investment Type Value Add

Building Details

Stories 4
Listing Agency: Lee & Associates - New York
Listed By: Chris Varjan · License #New York
Source: Crexi
Added: Feb 12 Changed: Aug 8 Last Checked: Aug 8 at 2:41PM

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 Lee & Associates - New York

Investment Insights

Based on property information with market context.

Located on West 46th Street between Eighth and Ninth Avenues, this mixed-use property is situated in Midtown West’s Restaurant Row. The vacant four-story building has approximately 9,976 square feet of space on a 33’ x 100’ lot. The former Sushi Seki restaurant occupies the basement, ground floor, and second floor, and includes a full kitchen, food preparation and storage areas, bar seating, and dining space for around 240 customers. The third and fourth floors, previously used for short-term rentals, are configured with six rooms per floor. The property is zoned R8 with a C1-5 overlay, and has a residential FAR of 6.02. The total buildable area is approximately 19,950 square feet, with roughly 9,974 square feet of unused air rights. This vacant property offers an opportunity for repositioning, redevelopment, or conversion in a high-demand Midtown location.

Key Highlights

  • Prime Midtown West location on Restaurant Row
  • Significant development upside with approximately 9,974 square feet of unused air rights
  • Delivered vacant, offering flexibility for repositioning, redevelopment, or conversion

Property Analytics

Current Use

Sushi Seki Times ... Restaurant REDAC House(HK46) Hotel & Motel

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Pet Grooming Service Adult Day Care Buffet Clothing & Fashion Store Butcher

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

55,267
Businesses Nearby

Demographics for 10036, NY

33,868
Population
22,473
Households
1.5
Avg Household Size
37
Median Age
69%
College-Educated
93%
High-School Grad
0.4 sq mi
ZIP Area
84,670
Density / Sq Mi
$100,225
Median Household Income
$86,122
Median Earnings
$2,301
Median Rent
$988,000
Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Vacant mixed-use building in Midtown West's Restaurant Row.
Where is this mixed-use property located?
The property is located at 365 W 46th St New York, NY.
What is the asking price?
The asking price for this property is $13,000,000.
What are key features of this property?
This property features: Prime Midtown West location on Restaurant Row; Significant development upside with approximately 9,974 square feet of unused air rights; Delivered vacant, offering flexibility for repositioning, redevelopment, or conversion
(201) 615-8557 Call to check price and availability
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