340 46Th St New York, NY 10036
- Retail residential properties
- 3,864 SF
- 0.05 lot acres
Current Use by Public Records
- Wine Stories NY / Wine Store
- Carlyle Construction Corporation / Property Management Company / General Contractor
- New York City Children’s Theater / Performing Arts Group
- Carlyle Property Management Group / Property Management Company
- Le Rivage / Hamburger Restaurant / Piano Bar
Property Details for 340 46Th St
- Year built
- 1920
- Lot size
- 0.05 lot acres
- Property size
- 3,864 SF
- Zone code
- R8
- Property type
- Retail residential properties
- APN
- 01036-0049
- APU
- 10360049
Description
This exceptional turnkey restaurant opportunity, Le Rivage, is located in the heart of New York City's Theatre District, specifically on Restaurant Row between Seventh and Eighth Avenues. The 3,864 square foot space boasts a fully operational, highly profitable business with a dedicated clientele and staff, established since 1984. The restaurant features traditional Country French cuisine and comes fully furnished, including a full liquor license, ensuring immediate possession. High volume sales are a key feature of this established business. The property is situated at 340 W 46th St, New York, NY 10036, offering unparalleled access to a vibrant and high-traffic area. Nearby establishments include renowned restaurants and theaters, such as the Richard Rodgers Theatre and the Majestic Theater, ensuring consistent foot traffic and a strong customer base. Convenient public transportation is readily available via the E, C, 1, 2, 3, N, R, and W subway lines, as well as several bus routes (M50, M11, M20, M27, M104). This is a rare chance to acquire a well-established, profitable restaurant in a prime location. The sale includes all existing furniture, fixtures, and equipment. This is a truly remarkable opportunity for a discerning buyer seeking a successful, established restaurant business in a highly desirable area.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $385,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $585,000
- 6.5%
- $585,000
- 7%
- $550,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $560,000
- Geo Method
- $585,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $615,000
- Retail
- $605,000
- Mixed-Use
- $480,000
- Hospitality
- $620,000
- Educational
- $565,000
- Residential Income
- $610,000
- Energy
- $565,000
- Income-Based Land
- $480,000
- Food Service
- $525,000
Location Insight
- Map
- Local Demand
- City
- New York
- County
- New York
- State
- New York
- Longitude
- -73.9896
- Latitude
- 40.7602
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
