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    45 44Th St New York, NY 10036

    For Lease
    $80 SF/Yr

    Upscale Hotel, 15,000 SF, High Traffic

    Lot size:
    15,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional turnkey restaurant and bar opportunity is situated within a prestigious Midtown Manhattan hotel. Boasting a total of 15,000 square feet, this Class A space is perfectly positioned to capitalize on the area's high foot traffic and strong retail environment. The property features a stunning, fully built-out interior, ready for immediate occupancy. The main floor encompasses 7,500 square feet, while an equally spacious 7,500 square foot lower level houses a fully equipped commercial kitchen. The layout is designed to comfortably seat 220 patrons, making it ideal for a variety of high-volume concepts. Its prime location between Grand Central Terminal, Bryant Park, and Rockefeller Center ensures unparalleled visibility and accessibility. This is a rare chance to acquire a fully operational, high-capacity establishment in one of New York City's most desirable commercial corridors. The asking rent is $100,000 per month, with lease terms ranging from 10 to 15 years. This presents a unique investment opportunity in a thriving market with significant potential for long-term growth and profitability. The property is a single-tenant space, offering streamlined management and operational efficiency. This turnkey solution eliminates the extensive build-out process, allowing for a rapid launch and immediate revenue generation.

    Property Features for 45 44Th St

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    15,000 SF
    Class
    A

    Unit(s) available at that property

    Space
    Size
    15,000 SF
    Rate per SF
    $80

    HighLights

    • Class A, single‑tenant restaurant/bar in Midtown Manhattan.
    • 15,000 square foot space, 7,500 square feet on the ground floor and 7,500 square feet in the lower level, including a fully equipped kitchen.
    • Seats 220 patrons.
    • Asking rent: $100,000 per month.
    • Located in an upscale hotel, near Grand Central, Bryant Park, and Rockefeller Center.
    • 10‑15 year lease term.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Encore Event Technology Service Sofitel New York Hotel Blueandaman Travel Agency

    Suggested Use

    Realty agency Restaurant Spa & Massage Hair Salon Dental Office Nail Salon Building Supply Daycare Center Auto Repair Shop Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New York
    County
    New York
    State
    New York
    Longitude
    -73.9824116
    Latitude
    40.7553663

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    FAQs

    What type of property is this?
    Restaurant - Upscale Hotel, 15,000 SF, High Traffic
    Where is this restaurant located?
    The property is located at 45 44Th St New York, NY.
    What is the lease rate?
    The lease rate is $80 SF/Yr.
    What are key features of this property?
    This property features: Class A, single-tenant restaurant/bar in Midtown Manhattan.; 15,000 square foot space, 7,500 square feet on the ground floor and 7,500 square feet in the lower level, including a fully equipped kitchen.; Seats 220 patrons.
    Request Owner's contact information
    45 44Th St 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
    45 44Th St New York, NY 10036
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