Overview
RIPCO REAL ESTATE has been exclusively retained to market the ground lease position at 324 WEST 44TH STREET in Hell’s Kitchen, NY 10036.
The Property is situated on the south side of West 44th Street between 8th Avenue and 9th Avenue, in the heart of Midtown West’s Hell’s Kitchen neighborhood, one block from Times Square—one of the most visited destinations globally. The Property is within immediate proximity to several other highly-visited locations including the Broadway Theater District, Madison Square Garden, Penn Station, Hudson Yards, and Bryant Park, and is surrounded by a dense concentration of hotels, theaters, restaurants, and entertainment venues that generate exceptional pedestrian activity and year-round tourism demand.
Investment Highlights
Newly Built Marriott Hotel
Constructed in 2018, The TownePlace Suites feature 114 guest rooms with in-room kitchens, fitness center, lobby café, and valet dry cleaning.
• 198K total visits, annually
• 3.3% increase in visits YOY
Prime Hell’s Kitchen/Times Square Location
Situated within a 5-minute walk to Times Square, one of the world’s most visited destinations, creating exceptional pedestrian traffic and year-round demand.
Exceptional Transit Connectivity
Located within walking distance of the Times Square–42nd Street transit hub and the Port Authority Bus Terminal, providing access to 11 subway lines (A, C, E, 1, 2, 3, 7, N, Q, R, W) as well as major MTA bus routes serving Midtown Manhattan and the outer boroughs.
88 Years Remaining on Long-Term Marriott Ground Lease
Provides investment security with a Marriottbranded operator, delivering a stable, predictable cash flow and long-term income.
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Sales Team
