The Barbetta Portfolio 2 Multifamily Properties in New York, NY

Cushman & Wakefield has been exclusively retained to offer for sale the fee simple interest in 319, 321, 323 & 325 West 46th Street in New York, NY aka the Barbetta Portfolio (the “Property”). The four adjacent properties are situated on one tax lot and feature 76 feet of frontage along Midtown West’s historic Restaurant Row. The Property spans 17,300 square feet above grade across all four buildings and are comprised of a restaurant that spans most of the ground and second floors and residential above. The restaurant was home to the legendary Barbetta, which closed in early 2026 after 120 years of service. The top-rated Northern Italian eatery has been a staple in the New York culinary scene for decades and much of the restaurant’s old-world charm is still intact today. The upper floors are reflected as residential with a mix of Class A and Class B apartments though they have never been rented out by ownership who has owned the buildings for over fifty years. The Barbetta Portfolio presents a rare opportunity for a wide array of buyers to acquire great real estate with a rich history in the heart of New York City. It’s a perfect opportunity for an end user who may look to plant its own flag on restaurant row on the heels of one of New York City’s most legendary dining establishments. Or an investor who can renovate and reposition the residential portion while placing an operator into the turnkey restaurant space. And finally, the Barbetta Portfolio is an excellent opportunity for a developer to come in and build something new. The Property is zoned R8 (C1-5) and allows for a developer to build up to 32,260 square feet for either a mixed-use or residential building. The Property is uniquely positioned along West 46th Street, between 8th and 9th Avenue. This block is famously known as Restaurant Row and has served locals and tourists alike for the better part of a century. It sits just a block from Times Square and the Theater District and fourteen blocks south of Central Park. This is a rare opportunity for a purchaser to make its mark on a piece of New York City history. Please reach out to C&W directly for any and all inquiries.