Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    46Th St New York, NY 10036
    Back to Search
    Property profile & analytics

    46Th St New York, NY 10036

    View on Map
    • Restaurants
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Restaurants

    Property Details for 0 46Th St

    Property type
    Restaurants

    Description

    This exceptional 11,000-square-foot restaurant and bar space presents a unique opportunity in the heart of New York City, located on West 46th Street in zip code 10036, New York County. The property is a single-tenant space, ideal for a discerning restaurateur or bar owner seeking a high-visibility location to establish or expand their business. Its stylish and inviting atmosphere is perfectly suited to attract a diverse clientele, benefiting from the high foot traffic and tourist density of the area. The space is ready for immediate occupancy, offering a turnkey solution for those looking to capitalize on the vibrant New York City dining and nightlife scene. This prime location provides unparalleled access to a large and diverse customer base, ensuring significant potential for revenue generation. The property's size allows for a versatile layout, accommodating various concepts and designs to suit the specific needs of the future tenant. This is a rare chance to secure a substantial and well-situated space in one of the world's most dynamic culinary markets. The address is easily accessible via various public transportation options, further enhancing its appeal to both staff and patrons. This is an exceptional opportunity to establish a thriving and successful business in a highly sought-after location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    New York
    County
    New York
    State
    New York
    Longitude
    -73.9895
    Latitude
    40.7605

    Comparable in this City

    • Value Estimation by Request

      366 46Th St

      Restaurants
      366 46Th St, New York, NY 10036
      View Details
    • Value Estimation by Request
      4,356 SF

      350 44Th St

      Individual retail properties • 4,356 SF
      350 44Th St, New York, NY 10036
      View Details
    • Value Estimation by Request
      800 SF

      358 47Th St

      Restaurants • 800 SF
      358 47Th St, New York, NY 10036
      View Details
    • Value Estimation by Request
      8,491 SF

      130 46Th St

      Restaurants • 8,491 SF
      130 46Th St, New York, NY 10036
      View Details
    • Value Estimation by Request

      255 43Rd St

      Restaurants
      255 43Rd St, New York, NY 10036
      View Details
    • Value Estimation by Request

      46Th St

      Restaurants
      0 46Th St, New York, NY 10036
      View Details

    Similar Nearby for Sale

    • New
      $11,950,000

      Mixed-Use Building in Hell's Kitchen

      Two stores plus nine apartments in prime Hell's Kitchen.
      468 W 47Th St, Manhattan, NY 10036
      View Details
    • $280,000
      2,200 SF

      Turnkey Restaurant Space in Manhattan

      Ready-to-go restaurant in a vibrant commercial setting.
      48th Street, Manhattan, NY 10036
      View Details
    • $13,568,000

      Hell's Kitchen Mixed-Use Property

      Mixed-use property in Hell's Kitchen with stores and apartments.
      468 W 47Th St, New York, NY 10036
      View Details
    • Contact for pricing
      2,000 SF

      Fully Operational Restaurant Opportunity

      Restaurant for sale, immediate possession.
      340 W 46 St Between 8 & 9 Ave, New York, NY 10036
      View Details
    • $13,568,000

      Hell's Kitchen Mixed-Use Property

      Mixed-use property featuring stores and apartments in Hell's Kitchen.
      468 W 47Th St, New York, NY 10036
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      7,667 SF

      Restaurant/Retail Space for Rent

      Full block front opportunity with restaurant infrastructure.
      550 W 45Th St, New York, NY 10036
      View Details
    • Contact for pricing

      Vented Retail Space in Hell's Kitchen

      Ground level and basement retail space near Times Square.
      619 9Th Ave, New York, NY 10036
      View Details
    • Contact for pricing

      Hell's Kitchen Flex Retail Space

      Unique flex space in Manhattan's Hell's Kitchen neighborhood.
      417 W 44Th St, New York, NY 10036
      View Details
    • Contact for pricing

      Retail/Restaurant Space for Lease

      Retail or restaurant space available for lease in New York.
      572 11Th Ave, New York, NY 10036
      View Details
    • Contact for pricing

      Prime Restaurant Space Available

      Restaurant space in a high-traffic area near residential complex.
      600 11Th Ave, New York, NY 10036
      View Details
    • Contact for pricing
      1,450 SF

      Turn-Key Restaurant Space Available

      Vented, high-traffic corner restaurant space for rent.
      360 W 43Rd St, New York, NY 10036
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    46Th St
    New York, NY 10036
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    46Th St, New York, NY, 10036
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!