Two Adjacent, Four-Story Mixed-Use Buildings in the Theatre District / Times Square

Highlights:

• First sale in over 50 years - opportunity to acquire two adjacent four-story buildings on West 51st Street in the core of the theater district
• Well-maintained asset with in-place income from a marquee restaurant tenant and 5 Free Market residential apartments above
• Exceptional Midtown West location surrounded by dense residential, office, hotel, and nightlife uses, supporting strong foot traffic and long-term demand
• Restaurant tenant’s lease expires on 7/31/26 allowing for renewal, re-tenanting or acquisition by an owner-operator
• Two adjacent tax lots totaling approximately 4,016 square feet of lot area and 10,016 square feet of existing building area
• Six total units across both buildings, including five residential units and one 4,000 sf ground-floor restaurant
• Zoned R8 with grandfathered commercial use, allowing for residential and mixed-use configurations consistent with surrounding development
• Approximate 6,851 square feet of unused air rights, providing long-term optionality for a future owner

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