318-320 W 46th Street is a six-story, Class B office building constructed in 1928. The property contains approximately 24,308 square feet and is characterized by generous floor plates and wide column spacing. The building is owner-occupied and has historically attracted organizations connected to Manhattan’s theater and entertainment industries, including the Theatrical Stage Employees Local One and I.A.T.S.E.
Key Features
- Asking Rent: $18,000 / month
- Available Space: 4,500 SF
- Approximate Rent: $48.00 / SF / year
- Property Type: Office
- Lease Type: Direct Lease
- Building Class: Class B
- Building Size: Approximately 24,308 SF
- Year Built: 1928
- Stories: 6 Stories
- Building Type: Office with Ground-Floor Commercial Use
- Floor Plates: Wide column spacing offering flexibility for open-plan or customized office layouts
- Layout: Suitable for open workstations, private offices, conference rooms, production-related uses, creative studios, or professional-service firms.
- Building Amenities: 24-hour access, air conditioning, and on-site restaurant use are reported for the property.
- Transit Access: Excellent access to the A, C, E, N, Q, R, W, S, 1, 2, 3, and 7 subway lines at Times Square–42nd Street, with additional service at 50th Street and Rockefeller Center.
Neighborhood Highlights
Located between Eighth and Ninth Avenues, 318-320 W 46th Street occupies a strategic position between Times Square and Hell’s Kitchen. The property is approximately four blocks from Times Square and benefits from proximity to the Broadway Theater District, major Midtown office buildings, hotels, restaurants, entertainment venues, and a substantial residential population.
The surrounding neighborhood is particularly attractive to creative, entertainment, production, media, nonprofit, and professional-service organizations. West 46th Street provides a somewhat more neighborhood-oriented environment than the busiest Times Square avenues while maintaining immediate access to Midtown’s commercial and entertainment core.
Transportation is a significant advantage. The Times Square–42nd Street transportation hub is within a short walk and provides access to numerous subway lines, while additional C and E service is available at 50th Street. The property has a reported Walk Score of 98 and Transit Score of 100, reflecting its highly walkable setting and exceptional public transportation access.
The building’s history and tenant mix also give it a natural connection to the Theater District. Existing and historical occupants include theatrical labor organizations, while the ground floor has housed restaurant uses, further reinforcing the property’s position within the surrounding Broadway and entertainment ecosystem.
Summary
The approximately 4,500 SF office space at 318-320 W 46th Street, New York, NY 10036, is offered at an asking rent of $18,000 per month, or approximately $48.00 per square foot annually. With its large and flexible footprint, Class B office setting, proximity to Times Square and the Broadway Theater District, and exceptional transit accessibility, the property represents a compelling opportunity for creative, entertainment, production, nonprofit, or professional office users seeking a centrally located Midtown Manhattan space.
