Theatre District - Times Square
20 Jan, 2020
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This 5-story plus full basement Mixed-Use Building is strategically located at the prime Times Square/Theater District retail area with high foot traffic. Building features 2-floors + basement of a popular restaurant, operated by the owner and 6 apartments above. First time in 40 years available for sale, it will be delivered absolutely vacant with no key money for the existing restaurant business. Apartments are currently owner- occupied and are free market.
The building was recently upgraded with the new boiler, new air conditioning system and heating system throughout.
New electrical lines and separate meters have been installed. New Gas line. 2nd floor kitchen was added to the restaurant.
The restaurant occupies 2 full floors and a basement. It has a bar, 2 kitchens, plus a large basement with a kitchen, walk-in refrigerator, large freezer, 2 new boilers. and lots of storage space. The restaurant is fully equipped and decorated. It is currently operating as a popular Thai restaurant, which has been in business at this location for 40 years.
Total size is 6,858.6 SF (not including the basement)
FREQUENTLY ASKED QUESTIONS
What is the lease rate for 244 West 48th Street?
Rental asking rate at 244 West 48th Street is 11000000 per square foot.
What is the total square footage of 244 West 48th Street?
244 West 48th Street totals 6,859 square feet.
When was this property built?
244 West 48th Street was built in 1910.