369 W 46th St
New York, NY 10036
Retail Property For Sale
Property Facts
About 369 W 46TH ST , NEW YORK, NY 10036
The Ritz Bar & Lounge has occupied the ground and second floor since 2006, while the upper floors are configured as 2 floor-through apartments. Both apartments have been recently renovated, are Free Market and will be delivered vacant, while the retail space and other building infrastructure were upgrade in 2009. The Ritz Bar & Lounge would like to remain in place on a 10-year lease with one 5-year renewal option. In addition to a gross monthly rent of $30,000 the tenant would also pay 50% of the real estate tax increases over a 2019/2020 base year. The property is located a short walk from countless bars and restaurants along 8th & 9th Avenue, The Theater District and the Times Square transportation hub offering access. While maintaining connections to its working-class origins, the neighborhood has evolved in recent years to become Midtowns most sought-after residential and cultural enclaves.
Property Taxes
| Parcel Number | 1037-0103 | Improvements Assessment | $798,750 |
| Land Assessment | $72,450 | Total Assessment | $871,200 |
Property Taxes
