Vacant Commercial Kitchen
For Sale
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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 Market129
Property Features for 532 W 46th St
General Information
Standard status
Active
Size
10,500 SF
Property subtype
RETAIL
Site & Location
Neighborhood
Midtown Manhattan
Listing Agency:
Ariel Property Advisors
Listed By:
Christoffer Brodhead
(212) 544-9500
Source:
Moodyscre
Added: Jun 24
Changed: Oct 26
Last Checked: Oct 28 at 7:42AM
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$152,529
Cap Rate
4.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,050,580
$3.1M
Cap Rate 7%
$2,178,986
$2.2M
Cap Rate 9%
$1,694,767
$1.7M
Market Conditions
NOI Build-Up for 10,500 SF
Gross rent
$230.6K $21.96/SF
− Vacancy
−$12.7K −$1.21/SF
EGI
$217.9K $20.75/SF
− OpEx
−$65.4K −$6.23/SF
NOI
$152.5K $14.53/SF
Area
New York, NY
Vacancy
5.50%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,050,580
Cap Rate 7%
$2,178,986
Cap Rate 9%
$1,694,767
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.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
18,632
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
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
