VACANT PRIME RETAIL PROPERTY IN TIMES SQUARE 147 W 46th St

Vacant property - 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