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360-362 W 42nd St 2,500 SF of Retail Space Available in New York, NY 10036
Sublease Highlights
- Retail property positioned along West 42nd Street between Eighth and Ninth Avenues in Hell's Kitchen.
- Located near Times Square, the Theater District, and the Hudson Yards corridor.
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 2,500 SF | Jan 2040 | Upon Request Upon Request Upon Request Upon Request | TBD |
1st Floor
China Xiang is an established Hunan restaurant on one of Manhattan's busiest blocks, now offered for sale as a going concern. The space runs ±4,000 square feet in total — 2,500 SF of ground-floor dining fronting West 42nd Street, plus 1,500 SF of basement support space — a half block west of the Port Authority Bus Terminal and two blocks from Times Square. The restaurant is fully built out and operating. The ground floor reads as two connected dining rooms finished in exposed brick and warm pendant lighting, with a large round banquet table for group and private dining, a host counter and POS station at the entrance, and wide glass frontage on 42nd Street. Behind the dining room sits a full commercial kitchen with hood ventilation, wok line, and separate prep and dish areas. Ownership reports gross sales of roughly $190,000 per month against rent of $28,000, with no real estate tax currently billed. Approximately 14 years remain on the lease, leaving room to grow the business or bring in a new concept. Property Highlights ±4,000 SF across ground floor and basement 14 years remaining on the lease No real estate tax currently billed to the tenant Full commercial kitchen, hood ventilation and wok line Two dining rooms plus a round banquet table for private groups Wide glass storefront and lighted signage on West 42nd Street Delivery and takeout already running on Grubhub and Seamless Sold turnkey with all furniture, fixtures and equipment The Location Port Authority Bus Terminal — directly across 42nd Street, one of the country's busiest commuter hubs Times Square — two blocks east, with the Broadway theater district and year-round tourist traffic Theatre Row & Signature Theatre — off-Broadway houses on the same block, feeding pre- and post-show dining Transit — A / C / E at 42 St–Port Authority on the corner; 1 / 2 / 3 / 7 / N / Q / R / W / S at Times Sq–42 St Residential base — Manhattan Plaza and thousands of Hell's Kitchen apartments within a few blocks Offices & events — The New York Times Building, Hudson Yards and the Javits Center all a short walk away
- Sublease space available from current tenant
- Fully Built-Out as a Restaurant or Café Space
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Select Tenants at 360-362 W 42nd St, New York, NY 10036
- Tenant
- Description
- US Locations
- Reach
- Bao Beta Group
- Services
- 1
- -
- Huacheng Restaurant
- Accommodation and Food Services
- 1
- -
- Los Munchies
- Accommodation and Food Services
- 1
- -
- Shorty's Authentic Philly Steaks And Sandwiches
- Restaurant
- 1
- -
- Superior Pizza
- Accommodation and Food Services
- 1
- -
- Zara Express
- Accommodation and Food Services
- 1
- -
| Tenant | Description | US Locations | Reach |
| Bao Beta Group | Services | 1 | - |
| Huacheng Restaurant | Accommodation and Food Services | 1 | - |
| Los Munchies | Accommodation and Food Services | 1 | - |
| Shorty's Authentic Philly Steaks And Sandwiches | Restaurant | 1 | - |
| Superior Pizza | Accommodation and Food Services | 1 | - |
| Zara Express | Accommodation and Food Services | 1 | - |
Property Facts
| Total Space Available | 2,500 SF | Gross Leasable Area | 13,026 SF |
| Property Type | Retail | Year Built | 1988 |
| Property Subtype | Storefront Retail/Residential |
| Total Space Available | 2,500 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Residential |
| Gross Leasable Area | 13,026 SF |
| Year Built | 1988 |
About the Property
360-362 West 42nd Street is a retail property located in Manhattan's Hell's Kitchen neighborhood. The building contains approximately 13,026 square feet and was completed in 1988. The property is situated between Eighth Avenue and Ninth Avenue along the West 42nd Street corridor. Surrounding uses include retail, hospitality, entertainment, office, and residential properties. The location provides access to nearby subway stations, the Port Authority Bus Terminal, Times Square, and Penn Station.
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360-362 W 42nd St
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