121 Madison Avenue, New York, NY 10016

Building Details

Year built

1938

Number of units

1

Flooring type

Ceramic

Building materials

Brick

Listing agent Yau Yee (Billy) Yong License #10401318819 Show Phone

Listing office Exit Realty Professionals 6203 18th Avenue, Brooklyn, NY Show Phone

Listing date Jul 7, 2026

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MLS# 502846

Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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Overview

This established omakase restaurant is offered for sale and is described as being in very good condition. The offering includes a current lease structure with 7 years remaining, along with stated rent terms. The seller also covers a portion of property tax, described as $8,000 per year. According to the provided remarks, the restaurant is operating with gross yearly revenue of $675,000 and an affordable monthly rent of $7,100, with a 3% increase during the lease term. The business is stated to net $177K plus.

The restaurant is located in Midtown Manhattan at 121 Madison Avenue, within zoning C5-2. The property is described as being situated in a high-traffic location, with proximity noted to the Empire State Building.

For a buyer or operator seeking a ready-to-run food concept, this is positioned as an operational restaurant rather than a renovation project. With the remaining lease term and the provided rent and property tax coverage details, prospective tenants and buyers can evaluate continuity of operations, budgeting, and the timing of any next steps tied to the lease expiration. Interested parties should review the lease terms and all operating details with their advisors in connection with underwriting and diligence.

Suggested Use

Pet Grooming Service Nursing Home Nursing Home (Bike/Boat/Book/etc) Store Clothing & Fashion Store Adult Day Care Buffet (Bike/Boat/Book/etc) Store Locksmith (Bike/Boat/Book/etc) Store

Zoning and permitted uses should be independently verified with local authorities.

Similar Places Nearby

• OLIYO — 575 8th Ave, New York, NY 10018
• Bread and butter — 45 E 33rd St, New York, NY 10016
• KPOT Korean BBQ & Hot Pot — 310 W 38th St, New York, NY 10018
• Jordan’s Diner — 545 8th Ave, New York, NY 10018

Location Insight

• Map
• Local Demand

City

New York

County

New York

State

New York

Longitude

-73.9782

Latitude

40.7445

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FAQs

What type of property is this?

Conventional restaurant - Established Midtown omakase restaurant with a remaining term lease and seller-paid portion of property taxes.

Where is this conventional restaurant located?

The property is located at 121 Madison Avenue New York, NY.

What is the asking price?

The asking price for this property is $329,000.

What are key features of this property?

This property features: Established Omakase restaurant for sale in Midtown Manhattan; Gross yearly revenue of $675,000; Affordable monthly rent of $7,100 with 3% increase and 7 years remaining on the lease