Property profile

340 46 St Between 8 & 9 Ave New York, NY 10036

OFF-MARKET
Retail properties & Spaces
2,000 SF Built 1984
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Property summary

AI-generated overview

This exceptional opportunity presents a fully operational restaurant located at 340 W 46th St, New York, NY 10036, between 8th and 9th Avenues. The property, built in 1984, boasts a total of approximately 3100 square feet of space, encompassing 2000 square feet on the ground floor and an additional approximately 1100 square feet in the lower level. The restaurant is a turnkey operation, fully furnished and equipped, including a full liquor license. This high-volume establishment has cultivated a dedicated clientele and loyal staff over its many years of operation as a family-owned business. Its success is further enhanced by the availability of outdoor seating. The property is categorized as retail, specifically a restaurant, and offers immediate possession, making it an ideal acquisition for a seasoned restaurateur or an ambitious entrepreneur seeking a profitable, established business. The property's location in the vibrant New York City ensures high foot traffic and visibility. This is a rare chance to acquire a thriving, established restaurant with a proven track record and significant potential for continued growth.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1984
Total area 2,000 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

340 46 St Between 8 & 9 Ave New York, NY 10036
New York metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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