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346 West 46th Street

Updated Sep 15, 2026

Bilt advertisement
Lucky 11 Group Leases Retail Space To Nong Geng Ji At 346 West 46th Street For $67/ft
LEASEDRetail

Lucky 11 Group Leases Retail Space To Nong Geng Ji At 346 West 46th Street For $67/ft

346 West 46th Street

$67

$67/SF

Building Size

9,900 SF

Asset Type

Retail

Closing

Sep 1, 2026

About this deal

AI

The transaction involves a retail asset located at 365 W 46th Street in Hell's Kitchen. The property comprises a total square footage of 9,900 and operates under a Single Net Lease arrangement, with an asking rent of $67 per square foot.

Summary of transaction details:

This lease transaction features significant representation by brokers, with Milly Cheung and Jordan Cohen from Lee & Associates representing the landlord, while Kyle Fink and James Famularo from Meridian Capital Group represent the tenant. Their involvement showcases the collaborative effort in navigating the complexities of the leasing process in a competitive market.

Players

James Famularo

Meridian Capital Group

Broker

$11.4M

vol

385 deals

Broker
Lucky 11 Group
Lucky 11 GroupLandlord
Nong Geng Ji
Nong Geng JiTenant

New York Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

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Deal FAQ

About $67 per square foot on a published $67 for 9,900 square feet (2026).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

236761.19%

Cash-on-Cash

-67667.08%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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