Established Omakase
For Sale
$279,000
121 Madison Ave, New York, NY 10016
Omakase restaurant in Midtown Manhattan with about seven years of lease remaining and 900 SF in very good condition.
Property Size900 SF
Price / SF$310
Days on Market49
Property Features for 121 Madison Ave
General Information
Standard status
Active
Size
900 SF
Additional Details
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$8,000
Listing Agency:
Metro Realty Professionals
(718) 838-2600
Listed By:
Yau Yee (Billy) Yong · License #10401318819
(718) 838-2600
Source:
Exprealty
Added: Jul 7
Changed: Aug 22
Last Checked: Aug 24 at 1:33PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Metro Realty Professionals
Investment Insights
Based on property information with market context.
Established Omakase restaurant available for sale in Midtown Manhattan. The space is approximately 900 SF and reported to be in very good condition. The restaurant operates in a high-traffic spot, with access to a large Midtown customer base.
The lease structure shows approximately seven years remaining, with a 3% increase term. The seller is also described as paying a portion of the property tax.
The restaurant is noted as being only a few minutes from the Empire State Building, which supports continued walk-in and destination traffic in the surrounding area.
The lease structure shows approximately seven years remaining, with a 3% increase term. The seller is also described as paying a portion of the property tax.
The restaurant is noted as being only a few minutes from the Empire State Building, which supports continued walk-in and destination traffic in the surrounding area.
Key Highlights
- Approximately 900 SF Omakase restaurant reported in very good condition
- Midtown Manhattan location in a high‑traffic spot
- Lease has about 7 years remaining
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
87,988
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 10016, NY
62,336
Population
36,985
Households
1.7
Avg Household Size
34
Median Age
82%
College-Educated
97%
High-School Grad
0.5 sq mi
ZIP Area
124,672
Density / Sq Mi
$153,065
Median Household Income
$107,691
Median Earnings
$3,321
Median Rent
$928,400
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Similar Off Market Nearby
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- Jordan’s Diner — 545 8th Ave, New York, NY 10018
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Omakase restaurant in Midtown Manhattan with about seven years of lease remaining and 900 SF in very good condition.
Where is this conventional restaurant located?
The property is located at 121 Madison Ave New York, NY.
What is the asking price?
The asking price for this property is $279,000.
What are key features of this property?
This property features: Approximately 900 SF Omakase restaurant reported in very good condition; Midtown Manhattan location in a high‑traffic spot; Lease has about 7 years remaining
