244 West 48th Street

Theater District

$10,300,000
Price
6
Beds
9
Baths
6,859 Sq. Ft.
$1,502 / Sq. Ft.
6,859
Sq. Ft.
$1,502
per Sq. Ft.

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
...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)



Listing Agent

  1. Elena Ravich

    Elena Ravich

    Listing Agent

    Compass

Amenities

  • Private Entrance
  • High Ceilings
  • Walk Up
  • Washer / Dryer in Unit
  • Central AC
  • Chef's Kitchen
  • Cold Storage
  • Central Heating

Location

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LISTING UPDATED: 12/24/2019 09:51 AM

Property Details for 244 West 48th Street

StatusPermanently Off Market
Days on Market81
Taxes$7,120 / month
Maintenance-
Min. Down Pymt-
Total Rooms15.0
Compass TypeMixed Use
MLS Type-
Year Built1910
Lot Size1,855 SF / 22' x 84'
CountyNew York County

Building

244 W 48th St

8 Units4 StoriesBuilt in 1910

Location

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Building Information for 244 West 48th Street

Stories4Residences8Year Built1910Lot Size1,855 SF / 22' x 84'Building Age-Building Type-Senior Community-Levels / Stories-

Payment Calculator

$63,331 per month

30 year fixed, 7.25% Interest

Principal and Interest

$56,211

Property Taxes

$7,120

Maintenance/Common Charges

$0

The Payment Calculator is for illustrative purposes only.

Property History for 244 West 48th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 244 West 48th Street

Taxable ValueLand$354,600Additions$1,104,750Total$1,459,350
Home Facts
Total Finished SqFt4,466 SqFtLot Size1,685 SqFtYear Built1910ZoningC6-5APN1010190059

Schools near 244 West 48th Street

This home is within New York City Geographic District # 2.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 6 to 8
Public - 6 to 8
Rating
School
Distance
P.S. 51 Elias Howe
PublicPK to 5

Middle 297
Public6 to 8

Lower Manhattan Community Middle School
Public6 to 8

Nyc Lab Ms For Collaborative Studies
Public6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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