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246 W 48th St

Theater District, New York, NY
Total Size
4,466 sqft
Lot Size
1,754 sqft
Year Constructed
Year Renovated
Number of Buildings

About 246 W 48th St

The vented retail or restaurant space at 246 West 48th Street in New York’s busy Midtown neighborhood provides tenants looking to rent office space together with retail premises with a fantastic opportunity near the Rockefeller Center.

Formerly used as part of a Thai restaurant, the building at 246 West 48th Street could receive a new storefront for qualifying tenants. Ideally located near New York’s famous Times Square, this address enjoys high foot traffic.

Commuting employees working at 246 West 48th Street have excellent access to public transportation links via subway lines 1, B, C, D, E, F, M, N, Q and R. The property offers tenants a full floor opportunity in one of the most visited areas of New York City.

Built in 1910, the property carries a zoning description of C6-5. Cafes, bars, grocery stores and other shops are located within a few steps on 8th Avenue. A 48-hour multi-story parking garage and the Ritz Plaza Hotel are also within a few steps of this address.

246 West 48th Street currently sports attractive red awning and brown signage above its extensive retail frontage, making this a highly visible business address in New York’s famous Theater District.

Internet Providers for 246 W 48th St

Provider Technology Max Download Speed Max Upload Speed
Lightower Fiber
10 Gb/s
10 Gb/s
Level 3 Communications Fiber
10 Gb/s
10 Gb/s
RCN Cable
1 Gb/s
25 Mb/s
Verizon New York Fiber
1 Gb/s
25 Mb/s
Time Warner Cable Cable
100 Mb/s
6 Mb/s
MegaPath DSL
50 Mb/s
50 Mb/s

The Neighborhood: Theater District

Most listings are in the $80's per square foot per year. The Theater District region is seeing a decrease in rates. In the last 3 months, the median rate fell $20 per sqft per year. That's a 20% decrease in rent.

Compared to the rest of the New York City market, the Theater District submarket has more expensive rates, and you'll have to negotiate above asking rent to be in this hot region.

Median Rate Median Size
Theater District $83
Median Rate Median Size
New York City $65

Median Rate over Time in Theater District