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    46Th St New York, NY 10036

    Sponsored
    For Lease
    $40 SF/Yr

    Iconic Midtown West nightspot, massive space.

    Lot size:
    25,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional special-purpose property, classified as a restaurant and nightclub, presents a unique investment opportunity in the vibrant Hell's Kitchen/Midtown West submarket of New York City. Located on West 46th Street, zip code 10036, this two-story building boasts a substantial 25,000 square feet of space, perfect for a large-scale venue. The open floor plan is complemented by impressive 15-foot ceilings, creating a dramatic and spacious atmosphere. With a capacity of 900, this established nightclub is ready for immediate operation. The property includes eight bathrooms, eliminating common capacity constraints. The building's location ensures minimal disruption from residential neighbors. Further enhancing its appeal are the existing staged lighting system and comprehensive security systems already in place. The single-tenant occupancy simplifies management, and the monthly rent of $79,000 reflects the property's prime location and high earning potential. This is a rare chance to acquire a fully equipped, high-capacity venue in one of Manhattan's most sought-after entertainment districts. The property is situated in New York County and benefits from convenient access to Midtown West's bustling commercial activity and excellent transportation links. An elevator is also present within the building.

    Property Features for 0 46Th St

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    25,000 SF

    Unit(s) available at that property

    Space
    Size
    25,000 SF
    Rate per SF
    $40
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    New York
    County
    New York
    State
    New York
    Longitude
    -74.0005363
    Latitude
    40.7649929

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    FAQs

    What type of property is this?
    Restaurant - Iconic Midtown West nightspot, massive space.
    Where is this restaurant located?
    The property is located at 46Th St New York, NY.
    What is the lease rate?
    The lease rate is $40 SF/Yr.
    Request Owner's contact information
    46Th St New York, NY 10036
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    New York, NY 10036
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    46Th St New York, NY 10036
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