House for sale in Midtown-Times Square

150 West 36th Street is a five-story, 10,395-square-foot mixed-use building offered fee simple and fully leased, two blocks from Penn Station in Manhattan's Garment District. The property produces $714,444 of gross annual income with reported in-place NOI of approximately $526,000. All four tenancies transfer at closing - no lease-up period, no leasing budget required to reach stabilization, and no gap between closing and cash flow. The ground floor, second floor and cellar are anchored by Zen Ramen & Sushi, a high-volume Midtown restaurant operator with more than 3,500 Yelp reviews, under a lease running six more years. The three upper floors are held by established commercial tenancies - a tailoring house trading since 1959, a textile and apparel user, and a medical spa - each occupying a full floor served by a passenger elevator. Rollover is spread across four separate years, and every office floor carries a renewal option. The building's nearest lease expiration sits at a rent set in a prior cycle. Garment District asking rents have moved since, leaving a defined path to income growth that does not depend on lease-up. Sixteen subway lines plus PATH, LIRR, NJ Transit and Amtrak converge within a quarter mile. Herald Square, Macy's, Bryant Park, Madison Square Garden and the Empire State Building are all within a ten-minute walk. Twenty-five-foot lots on Midtown side streets are finite; the supply of small, fully leased freehold buildings in this corridor does not expand. Complete financials, rent roll, and lease documentation available upon execution of a Confidentiality Agreement. Property Highlights