Vacant Commercial Kitchen
For Sale
Contact for pricing
532 W 46th St, New York, NY 10036
Vacant commercial kitchen facility formerly serving as a catering hub for food preparation, takeout, and delivery operations.
Property Size10,500 SF
Price / SF$333.33
Days on Market38
Property Features for 532 W 46th St
General Information
Standard status
Active
Size
10,500 SF
Property subtype
RETAIL
Listing Agency:
Ariel Property Advisors
(212) 544-9500
Listed By:
Christoffer Brodhead
(212) 544-9500
Source:
Moodyscre
Added: Jun 24
Changed: Jul 29
Last Checked: Jul 31 at 8:36AM
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 Ariel Property Advisors
Investment Insights
Based on property information with market context.
532 W 46th St is a vacant commercial kitchen facility that was previously used by a national catering company as a hub for food preparation, takeout, and delivery operations throughout Manhattan. The space is currently available for food-service operators seeking kitchen-focused functionality.
The property totals 10,500 SF, providing a dedicated footprint for in-house food prep and back-of-house workflow tied to takeout and delivery service.
With its established catering-kitchen use, the facility may fit restaurants, caterers, and other food-service businesses looking for a ready kitchen environment.
The property totals 10,500 SF, providing a dedicated footprint for in-house food prep and back-of-house workflow tied to takeout and delivery service.
With its established catering-kitchen use, the facility may fit restaurants, caterers, and other food-service businesses looking for a ready kitchen environment.
Key Highlights
- Vacant commercial kitchen facility formerly used by a national catering company
- Food preparation, takeout, and delivery operations throughout Manhattan
- 10,500 SF facility for food‑service kitchen workflow
Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $230.6k | $21.96 |
| − Vacancy | −$12.7k | −$1.21 |
| EGI | $217.9k | $20.75 |
| − OpEx | −$65.4k | −$6.23 |
| NOI | $152.5k | $14.53 |
10,500 SF · lease $21.96/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$26.14M
$22.87M – $30.49M
NOI $1,829,520 @ 7.0% cap · market cap 52.27%
Second Best
Industrial
$2.18M
$1.91M – $2.54M
NOI $152,529 @ 7.0% cap · market cap 4.36%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
18,632
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial kitchen - Vacant commercial kitchen facility formerly serving as a catering hub for food preparation, takeout, and delivery operations.
Where is this commercial kitchen located?
The property is located at 532 W 46th St New York, NY.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: Vacant commercial kitchen facility formerly used by a national catering company; Food preparation, takeout, and delivery operations throughout Manhattan; 10,500 SF facility for food‑service kitchen workflow
