JLL has been retained on an exclusive basis to arrange for the sale of 369 West 46th Street, a 16.5' wide 3-unit mixed-use building on the north side of West 46th Street between 8th and 9th Avenues. The building is located in the Hell's Kitchen neighborhood on the famed "Restaurant Row" which is highly acclaimed for its many distinct bars and restaurants. 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.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
