Multi-family

Retail Storefront Investment in Hell’s Kitchen – 532 West 46th Street

Address: 532 West 46th Street, New York, NY, 10036
Asking Price: $3,250,000 ($1,300/SF)
Cap Rate: 4.71%
Sale Type: Investment Sale
Type: 2-Star Retail Storefront
Location: Urban – Central Business District (CBD) / Hell’s Kitchen
Gross Leasable Area (GLA): 2,500 SF
Stories: 1
Typical Floor Plate: 2,500 SF
Building Class: C
Construction: Masonry

Property Overview:

532 West 46th Street presents a rare opportunity to acquire a stabilized, income-generating retail storefront in the heart of Hell’s Kitchen. This single-story, 2,500 SF masonry building is ideal for long-term investors seeking reliable cash flow in a prime Midtown West location. With a cap rate of 4.71% and proximity to Times Square and Hudson Yards, the property offers immediate yield with strategic value-add potential.

Investment Highlights:

✔ Price: $3.25M ($1,300/SF) – priced competitively for core Manhattan retail
✔ Cap Rate: 4.71% – stable in-place income with growth upside
✔ Prime Hell’s Kitchen Location: Steps from 10th Avenue and close to major residential density and tourism corridors
✔ Single-Story Efficiency: 2,500 SF ground-floor footprint with full street-level visibility
✔ Versatile Layout: Suitable for food & beverage, boutique retail, medical, wellness, or showroom uses
✔ Masonry Construction: Durable, low-maintenance structure with long-term integrity

Location Advantages:

✔ Surrounded by high-rise residential developments and thriving foot traffic
✔ Easy access to Midtown, Times Square, Hudson Yards, and the Theater District
✔ Close proximity to public transit (C, E subway lines and Port Authority)

Conclusion:

532 West 46th Street is a smart acquisition for investors seeking stable returns, premium Manhattan location, and long-term asset preservation. With strong fundamentals and a well-occupied retail corridor, this property is an excellent addition to any core-plus investment portfolio.

Contact us today for financials, lease details, or to arrange a private tour.