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    40 Avenue B New York, NY 10009

    For Lease
    $14,995 /Mo ($119 SF/Yr)

    Restaurant space with outdoor area, basement, and high ceilings.

    Property size:
    1,500 SF
    Lot size:
    0.05 Acres

    Property Features for 40 Avenue B

    General Information

    Size
    1,500 SF
    Lot size
    0.05 Acres

    Source: Meridian Capital Group Agent James Famularo

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

    Overview

    Vented Restaurant with Outdoor Space

    This commercial property is suitable for restaurant and retail businesses, including turn-key restaurant operations. It features a vented restaurant space with an outdoor area and a basement. The property benefits from high ceilings and includes a new HVAC system and an ADA-compliant bathroom. The location experiences consistent foot traffic seven days a week. The property size is 1500 square feet.
    Location Intelligence

    Current Use by Public Records

    Dora’s Peruvian Restaurant

    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.

    Similar Places Nearby

    Cocktails in Motion, The Mix Fix LLC, NYBCS, Mía’s Cocína - Puerto Rican Food - Latin Cuisine Catering, Hashooka

    Location Insight

    • Map
    • Local Demand
    City
    New York
    County
    New York
    State
    New York
    Longitude
    -73.9829497
    Latitude
    40.7228711

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    FAQs

    What type of property is this?
    Restaurant - Restaurant space with outdoor area, basement, and high ceilings.
    Where is this restaurant located?
    The property is located at 40 Avenue B New York, NY.
    What is the lease rate?
    The lease rate is $119 SF/Yr.
    What are key features of this property?
    This property features: - Vented restaurant with outdoor space; - Enjoy 7-day-a-week foot traffic; - New HVAC system
    (212) 972-3600
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    40 Avenue B 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
    40 Avenue B New York, NY 10009
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