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Omakase Restaurant Business
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121 Madison Avenue, New York, NY 10016

Established omakase operation in Midtown Manhattan with an existing restaurant setup.

Property Size900 SF
Price / SF$310
Days on Market102

Property Features for 121 Madison Avenue

General Information

Standard status Active
Size 900 SF
Property subtype Retail, Business for Sale
Net Operating Income $177,300

Building Details

Year Built 1938
Units 1
Listing Agency: EXIT Realty Professionals
Listed By: Jian (Carey) Yang · License #New York
Source: Crexi
Added: Jul 8 Changed: Oct 1 Last Checked: Oct 16 at 8:29AM

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 EXIT Realty Professionals

Rey
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Investment Insights

Based on property information with market context.

This established omakase restaurant occupies approximately 900 square feet in Midtown Manhattan. The existing business is being offered with a remaining lease term of 7 years, providing continuity for an operator seeking an active restaurant location.

The property is located at 121 Madison Avenue, New York, NY 10016, a few minutes from the Empire State Building. The building was constructed in 1938, placing the restaurant within an established Manhattan commercial setting.

Key Highlights

  • Established omakase restaurant operation
  • Approximately 900 square feet of restaurant space
  • 7 years remaining on the lease

Property Analytics

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Current Use

Conventional restaurants

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Butcher Buffet Pet Grooming Service Parking Lot & Garage Plumbing Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

46,936
Businesses Nearby
Under-served
Demand for This Use

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025

Similar Off Market Nearby

  • Bread and butter — 45 E 33rd St, New York, NY 10016

Frequently Asked Questions

What type of property is this?
Conventional restaurant - Established omakase operation in Midtown Manhattan with an existing restaurant setup.
Where is this conventional restaurant located?
The property is located at 121 Madison Avenue 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: Established omakase restaurant operation; Approximately 900 square feet of restaurant space; 7 years remaining on the lease
(718) 838-2600 Call to check price and availability
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