244 West 48th Street

For Sale$1,502/Sqft

244 West 48th Street, New York, NY 10036

  • Mixed Use

244 West 48th Street, New York, NY 10036 - Mixed Use Space

244 West 48th Street is located at 244 West 48th Street in the Theatre District - Times Square neighborhood, NY, New York, 10036. The Class C Mixed Use building was completed in 1910 and features a total of 6,859 Sqft.

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Details

  • Sale Price $1,502/Sqft
  • City New York
  • Neighborhood Theatre District - Times Square
  • Zip Code 10036
  • Property Type Mixed Use
  • Property Size 6,859 Sqft
  • Lot Size 0.04 Acre
  • Property Tenancy Single Tenant
  • Building Class C
  • Year Built 1910
  • Date Updated 20 Jan, 2020

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Description

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.

Theatre District - Times Square Demographics

The average household income in zip code 10036 is $130,731, from a total of 16,183 households. In terms of employment, there are 94.64 % white-collar and 5.36 % blue-collar jobs in zip code 10036.

Population

  • Total Population17,497
  • Male Population(53.7 %) 9,392
  • Female Population(46.3 %) 8,105
  • Median Age38.00

Income/Financial

  • Average Household Income$143,865
  • Median Household Income$99,546
  • Median Income Under 25$56,854
  • Median Income 25-44$143,314
  • Median Income 45-64$89,656
  • Median Income Over 65$32,857

Attachments

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Stella Tenzin

Keller Williams Realty

(347) 355-3886

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