244 WEST 48TH STREET

Building For Sale •  Midtown
Web ID # 910026 RLS

$10,600,000

 
Tax: $7,119
Stories: 5
Total Rooms: 15
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. 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)

Courtesy Of Compass

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Estimated Monthly Costs


$42,339
Est. Mortgage
$7,119
Real Estate Tax
$49,458
Monthly Total*
* The estimated monthly costs provided by this caculator are for illustrative purposes only, with no guarantee regarding accuracy.
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Nearby Subways

  • C E 8th Ave & 49th St (~0.07 mile)
  • N Q R Broadway & 47th St (~0.12 mile)
  • 1 Broadway & 50th St (~0.12 mile)
  • A C E N Q R S 1 2 3 7 8th Ave & 44th St (~0.19 mile)
  • B D E Broadway & 53rd St (~0.26 mile)


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