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    510 W 42Nd St New York, NY 10017

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    For Lease
    $70,000

    Restaurant and retail spaces with turn-key kitchens for rent.

    Property size:
    9,334 SF
    Lot size:
    0.59 Acres

    Property Features for 510 W 42Nd St

    General Information

    Size
    9,334 SF
    Lot size
    0.59 Acres

    Source: Meridian Capital Group Agent Cameron Parson

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Turn-Key Restaurant Spaces Near Times Square

    Located at the base of an AirBnb hotel, these spaces are suitable for restaurants and retail. Space A includes walk-in boxes. Space B, formerly the Playboy Club, features a state-of-the-art sound system and a lower-level bar with seating. Both spaces are vented and equipped with turn-key kitchens. The property is located in close proximity to Times Square and Port Authority. The total property size is 9334 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    Times Square West ... Hotel Kafe Mohd Azrol ... Restaurant Kafe Mohd Azrol ... Halal Restaurant

    Suggested Use

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

    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
    -73.9373523
    Latitude
    40.6428681

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    FAQs

    What type of property is this?
    Turn key restaurant - Restaurant and retail spaces with turn-key kitchens for rent.
    Where is this turn key restaurant located?
    The property is located at 510 W 42Nd St New York, NY.
    What are key features of this property?
    This property features: - Prime location near Times Square and Port Authority.; - Turn-key kitchens in both spaces.; - Space B features a lower level bar with seating.
    (212) 972-3600
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    510 W 42Nd St New York, NY 10017
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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
    510 W 42Nd St New York, NY 10017
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