147 W 46th St - Storefront FOR SALE


New York, NY 10036
$24,000,000 USD
212-508-7200
147 W 46th St, New York, NY for Sale
$24,000,000 USD
Storefront - FOR SALE
1/6
null | 3.81% Cap Rate

147 W 46th St
New York, NY 10036


HIGHLIGHTS

  • This double lot is commercially zoned building is in a fabulous location in the heart of the city, the Theatre District in Times Square.
  • Once home to TGIF and Rosy O'Grady, this restaurant space consists of the basement, ground, and second floor; all vented for a restaurant.
  • There is a lot of foot traffic in this area.

OVERVIEW

Property Now has Tenant - 3.81% pro forma cap rate. FOR SALE OR LEASE - 1st 2nd 3rd and 4th floors available. PRIME LOCATION- Theatre District - Times Square Building class Predominant Retail with Other Uses (K4) i Square feet 17,400 including basement Building dimensions 37.5 ft x 81 ft Allowed usable floor area 45,000 Usable floor area as built 17,400 Unused FAR 31,500 Property Taxes Tax class 4 Property tax $269,812 Lot sqft 3,900 Lot dimensions 37.5 ft x 100.42 ft Ground elevation 50 ft Building class Predominant Retail with Other Uses (K4) i Square feet 13,900 Building dimensions 37.5 ft x 81 ft Buildings on lot double lot Stories 4 Roof height 43 ft Year built 1920 Year last altered 2004 Use Commercial units 2 or 3 Retail sq ft 13,400 Other sq ft 3,486 basement Located in Times Square’s heart of the city, the Theatre District, this is a vacant 4-story commercial building, plus a basement. Pre-pandemic, this building most recently was a TGIF and previously Rosy O’Grady. The building is 17,200 square feet and consists of a restaurant plus two commercial units. The first two floors and the basement are built-out as a restaurant; they have a sprinkler, freezer, and refrigeration systems and are vented. The third and fourth floors have a separate entrance. A music studio previously leased the space. Tenants previously paid all their utilities, and the real estate tax increases. The property also features approximately 32,000 square feet of additional air rights. It resides on a visible street with over 35 feet of frontage between 6th and 7th Avenue. This location provides foot traffic, conveniently by Times Square, Broadway theaters, Rockefeller Center, and over ten different subway lines. Zoning Designation: Commercial C6-5.6, Special District MID

FOR SALE DETAILS

PRICE

$24,000,000 USD

PRICE/SF

$1,137 USD /SF

CAP RATE

3.81%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

PRIME RETAIL PROPERTY IN TIMES SQUARE

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Freestanding, Restaurant, Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1920

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

3,920 SF

ZONING

C6-5.5

APN/PARCEL ID

0999-0011,0999-0111

ASK ABOUT THIS PROPERTY

John GoldmanBrown Harris Stevens Commercial ServicesMore Info
212-508-7200

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John GoldmanBrown Harris Stevens Commercial ServicesMore Info
212-508-7200

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.