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    1152 1St Ave New York, NY 10022

    For Lease
    $25,000

    Restaurant space with high exposure on First Avenue.

    Property size:
    1,908 SF
    Lot size:
    0.05 Acres

    Property Features for 1152 1St Ave

    General Information

    Size
    1,908 SF
    Lot size
    0.05 Acres

    Source: Time Equities Inc. Agent Scott Klatsky

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

    Overview

    Prime Restaurant Corner Opportunity

    The property at 1152 First Ave (@ 63rd St) offers 1908 square feet of restaurant space. This prime corner location has significant exposure on both First Avenue and E 63rd St, with over 75 feet of corner frontage. Historically, this location was the site of the original TGI Fridays and the fictional bar from the movie Cocktail.
    Location Intelligence

    Current Use by Public Records

    grandvaultgroup Contractor Baker Street Irregulars Restaurant Shoe Book Store Baker Street Pub Irish Pub

    Suggested Use

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

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

    Similar Places Nearby

    Ivy Terrace, Farm Cut, Village Crown, Shay Gourmet, Major Croissant & Gourmet

    Location Insight

    • Map
    • Local Demand
    City
    New York
    County
    New York
    State
    New York
    Longitude
    -73.9599084
    Latitude
    40.7621488

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    FAQs

    What type of property is this?
    Restaurant - Restaurant space with high exposure on First Avenue.
    Where is this restaurant located?
    The property is located at 1152 1St Ave New York, NY.
    What are key features of this property?
    This property features: - Prime restaurant corner location; - High-visibility: boasts 75'+ corner exposure on First Ave and E 63rd St; - Historically significant: original TGI Fridays location
    (212) 206-6042
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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
    1152 1St Ave New York, NY 10022
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