Property summary
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 profile
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Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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