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    3XX 7Th Ave New York, NY 10001

    For Sale
    $1,380,000

    Renowned Chelsea restaurant with modern interiors and below-market lease.

    Lot size:
    0.29 Acres

    Property Features for 3XX 7Th Ave

    General Information

    Lot size
    0.29 Acres

    Building Details

    Year built
    1929

    Source: Skylux Realty Inc Agent Fei Guo

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

    Overview

    Chelsea Restaurant Business For Sale

    Located in the heart of Chelsea, Manhattan on 7th Avenue, this uniquely designed 5-star restaurant is available for sale. The property, fully renovated just 2 years ago, features stunning modern interiors. The restaurant offers 3,816 sq.ft. on the 1st and 2nd floors, plus a 1,781 sq.ft. basement with elevator access, a walk-in cooler/freezer, and full equipment. The dining space includes 98 seats, a full commercial kitchen, and a bar area. Additional features include front window service. The restaurant has a 20-year lease with 18 years remaining, at rent and property tax far below market value. The location offers prime visibility with wide glass frontage near Penn Station and multiple subway lines.
    Location Intelligence

    Current Use by Public Records

    Turn key restaurants

    Suggested Use

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

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

    Similar Places Nearby

    Cater To You, Coppa Sandwiches, Ronnie Davis Productions, MOCHA SHABBAT, Cafiero Lussier Caterers

    Location Insight

    • Map
    • Local Demand
    City
    New York
    County
    New York
    State
    New York
    Longitude
    -74.001147
    Latitude
    40.736608

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    FAQs

    What type of property is this?
    Restaurant - Renowned Chelsea restaurant with modern interiors and below-market lease.
    Where is this restaurant located?
    The property is located at 3XX 7Th Ave New York, NY.
    What is the asking price?
    The asking price for this property is $1,380,000.
    What are key features of this property?
    This property features: - Prime Chelsea location on 7th Avenue with high visibility near Penn Station and multiple subway lines.; - Profitable business opportunity with an ROI of just 1 year and 7 months.; - Long-term lease with 18 years remaining at below-market rent and property tax.
    (516) 587-9113
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    3XX 7Th Ave New York, NY 10001
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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
    3XX 7Th Ave New York, NY 10001
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