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    227 E 116Th St New York, NY 10026

    For Lease
    $8,250 /Mo ($50 SF/Yr)

    Restaurant space for lease with vented kitchen and backyard.

    Property size:
    1,980 SF
    Lot size:
    0.05 Acres

    Property Features for 227 E 116Th St

    General Information

    Size
    1,980 SF
    Lot size
    0.05 Acres

    Source: Loria Real Estate Agent Caravaggio Loria

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

    Overview

    Restaurant Space with Outdoor Area

    This commercial space, formerly a restaurant, is available for lease. The unit features a bar, two bathrooms, and a vented kitchen. A 575-square-foot backyard is included. The basement area contains a walk-in refrigerator that is shared with the landlord. Located one and a half blocks from the 116th Street 6 Station, the property benefits from a clearly visible awning. Situated on East 116th Street, a busy thoroughfare with retail and restaurants, the location is positioned on one of Harlem's most important arteries. The property is suitable for vented restaurants, cafes, retail, and office uses.
    Insight Report Location Intelligence

    Current Use by Public Records

    Ria Money Transfer ... Money Transfer Service UPS Access Point ... Shipping And Mailing Service Prestige MultiMedia Electronics Store Plant world Garden Center

    Suggested Use

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

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

    Similar Places Nearby

    CookingByCourtneyLLC, Fratelli's Market Place, Olive Tree Catering, CheFelix Catering, Sabor Borinqueño Catering & Food Services

    Location Insight

    • Map
    • Local Demand
    City
    New York
    County
    New York
    State
    New York
    Longitude
    -73.9387881
    Latitude
    40.7975973

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    FAQs

    What type of property is this?
    Restaurant - Restaurant space for lease with vented kitchen and backyard.
    Where is this restaurant located?
    The property is located at 227 E 116Th St New York, NY.
    What is the lease rate?
    The lease rate is $50 SF/Yr.
    What are key features of this property?
    This property features: - Vented kitchen suitable for restaurant/cafe use.; - Located one and a half blocks from the 116th St 6 Station on a busy street.; - Includes a 575 sqft backyard.
    (212) 989-4452
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    New York, NY 10026
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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
    227 E 116Th St New York, NY 10026
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