

317 West 46th Street
Mixed Use | 5.65% Cap Rate | 5,850 Sq Ft
Marketing description
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the mixed-use investment property located at 317 West 46th Street in New York, NY (the “Property”). The four-story building contains one (1) Commercial unit, one (1) 2-Bedroom/1-Bathroom unit, two (2) 1-Bedroom/1-Bathroom units, and two (2) Studio units with 5,850 square feet of gross area. The Property features four (4) rent stabilized residential units, consisting of both 1-Bedroom/1-Bathroom units and both Studio units. The Property is situated upon a 0.046-acre parcel (20’ x 100.42’ lot totaling 2,008 SF) and features 2,584 SF of available air rights.
317 West 46th Street is well-positioned in Midtown Manhattan’s Hell’s Kitchen neighborhood, offering immediate access to the Theater District, Times Square, and the broader Midtown central business district. The property benefits from exceptional connectivity via nearby subway lines and proximity to major roadways such as Eighth Avenue, Ninth Avenue, and West Side Highway (Route 9A), providing efficient access throughout Manhattan and the greater New York City metropolitan area.
Investment highlights
ACCESS & CONNECTIVITY
The Property is in close proximity to numerous subway options including the 42 St–Port Authority Bus Terminal station, the 49 St station, and the Times Sq–42 St/Port Authority area, with access to multiple lines such as the 1, 2, 3, 7, A, C, E, N, Q, R, and W trains.
The Property features ample nearby bus service, with routes including the M20, M42, M50, M7, and M55 providing convenient north-south and crosstown travel across Midtown and beyond.
In addition, the property offers efficient vehicular access to major Manhattan corridors such as Eighth Avenue, Ninth Avenue, and the West Side Highway, supporting regional connectivity throughout New York City. AREA AMENITIES & DEMAND DRIVERS
Located in the heart of Manhattan’s Hell’s Kitchen neighborhood, 317 West 46th Street sits just steps from Restaurant Row, the Broadway Theater District, and Times Square, placing residents within walking distance of one of the world’s largest concentrations of employment, entertainment, and tourism activity.
Midtown Manhattan remains the nation’s premier office market, housing major employers across the finance, media, technology, legal, consulting, and advertising sectors. Nearby employment hubs include Rockefeller Center, Bryant Park, Midtown South, and the rapidly growing Hudson Yards district, which has attracted major corporate tenants including BlackRock, KKR, Meta, Deloitte, and numerous financial and professional services firms.
The Property also benefits from its proximity to major healthcare institutions, educational facilities, and the extensive hospitality sector that defines Midtown Manhattan.
Residents are within blocks of Broadway theaters, premier dining destinations along West 46th Street’s famed Restaurant Row, world-class shopping at Fifth Avenue and Hudson Yards, and iconic attractions such as One Times Square.
FAMOUS HELLS KITCHEN & RESTAURANT ROW LOCATION
The Property sits directly on the famed Restaurant Row, a historic dining corridor along West 46th Street between Eighth and Ninth Avenues that has served theatergoers, residents, and visitors for more than a century.
Notable local favorites along the corridor include Sicily Osteria, as well as celebrated Restaurant Row institutions such as Becco, Barbetta, Joe Allen, Le Rivage, and Sushi Seki.
UTILITIES
Tenants are responsible for separately metered electricity, which they pay directly. The Landlord is responsible for providing gas powered heat & hot water, as well as city water & sewer, which they pay directly.
STRONG RENTAL DEMOGRAPHICS & DEMAND
More than 166,200 people live within 1 mile of the Property with an average household income of $229,115. Over 1,353,300 people reside within 3 miles of the Property with an average household income of $238,363.
QUALITY OF LIFE AMENITIES
Outside of famed restaurants along Restaurant Row, residents enjoy exceptional access to national restaurant brands and quick-service options throughout Times Square and Midtown, including Shake Shack, Chipotle Mexican Grill, Sweetgreen, Chick-fil-A, and Starbucks.
Daily shopping needs are served by nearby grocery options including The Food Emporium, along with nearby locations of Whole Foods Market, Trader Joe's, Target, CVS Pharmacy, and Walgreens.
Major shopping destinations are located just minutes away, including The Shops & Restaurants at Hudson Yards, which features luxury retailers, designer boutiques, and high-end dining experiences, as well as the world-renowned Fifth Avenue shopping corridor.
For luxury retail, residents are within easy reach of Fifth Avenue’s premier collection of flagship stores, including Tiffany & Co., Gucci, Chanel, Louis Vuitton, Bergdorf Goodman, and numerous luxury fashion houses that have helped establish Midtown Manhattan as one of the premier shopping destinations in the world.
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