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    214 1St Ave New York, NY 10009

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    For Lease
    Contact for pricing

    Prime East Village eatery, 700 sq ft.

    Lot size:
    700 SF

    Description

    Added:
    Feb 13, 2025
    Days on Market:
    329
    This exceptional 700-square-foot restaurant space is ideally situated on 1st Avenue in the vibrant East Village submarket, boasting a prominent 20-foot frontage on a bustling street. The property is classified as a single-tenant retail space, perfect for a discerning restaurateur seeking a well-established location. Key features include existing gas venting, making it immediately suitable for various culinary concepts. Crucially, the space is explicitly noted as unsuitable for pizza operations. The address is 214 1st Avenue, conveniently located near East 13th Street, placing it within easy reach of a dense population and high foot traffic. This turnkey opportunity presents a rare chance to establish or relocate a restaurant in a highly desirable and sought-after neighborhood. The single-tenant occupancy ensures complete control and operational flexibility. The existing gas venting system represents a significant cost saving for prospective tenants, eliminating the need for costly installations. The property's prime location and desirable features make it an exceptional investment for a restaurant business seeking a thriving East Village presence. Interested parties are encouraged to inquire further to explore this exciting opportunity.

    Property Features for 214 1St Ave

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    700 SF

    Unit(s) available at that property

    Space
    Size
    700 SF

    HighLights

    • Single‑tenant restaurant space in the East Village submarket.
    • 700 square foot retail space located at 214 1st Avenue, cross street East 13th.
    • 20‑foot frontage.
    • Gas‑vented; no pizza ovens permitted.
    Property Profile Location Intelligence

    Current Use by Public Records

    The Onion Tree Pizza ... Pizza Restaurant Tallgrass Burger Fast Food Restaurant Kikoo Sushi Sushi Restaurant 1st Wives Club Bar

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    New York
    County
    New York
    State
    New York
    Longitude
    -73.983114802963
    Latitude
    40.730539999451

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    FAQs

    What type of property is this?
    Restaurant - Prime East Village eatery, 700 sq ft.
    Where is this restaurant located?
    The property is located at 214 1St Ave New York, NY.
    What are key features of this property?
    This property features: Single-tenant restaurant space in the East Village submarket.; 700 square foot retail space located at 214 1st Avenue, cross street East 13th.; 20-foot frontage.
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    214 1St Ave New York, NY 10009
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    214 1St Ave New York, NY 10009
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