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Second-Generation Restaurant Space
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1321 5th Ave, New York, NY 10029

Second-generation restaurant space with an open layout, high ceilings, and glass frontage steps from Central Park.

Property Size1,850 SF
Days on Market9

Property Features for 1321 5th Ave

General Information

Standard status Active
Size 1,850 SF
Property subtype RETAIL
Lease Type SF/mo

Additional Details

Space Use Restaurant
Commercial Hood Yes
Listing Agency: Meridian Capital Group
Listed By: Noam Aziz
Source: Moodyscre
Added: Jul 22 Changed: Jul 29 Last Checked: Jul 29 at 11:49AM

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 Meridian Capital Group

Investment Insights

Based on property information with market context.

Second-generation restaurant space offering an open layout with high ceilings and glass frontage. The space is equipped with a fully vented 25 FT hood with gas, supporting a wide range of kitchen concepts.

Located steps from Central Park, the location is positioned for high foot and car traffic, making it well suited for operators looking for strong neighborhood visibility.

The space is approximately 1,850 SF and designed for straightforward guest flow and efficient kitchen deployment with a vented hood system in place.

Key Highlights

  • Approximately 1,850 SF second‑generation restaurant space
  • Fully vented 25 FT hood with gas
  • Open layout with high ceilings

Property Analytics

Current Use

Conventional restaurants

Suggested Use

Top Pick Law Firm Real Estate Agency Acupuncture Accounting Firm Electrical Service Big Box & Wholesale Store

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

Lease Details

Yes
Commercial hood
NNN (Triple Net)
Lease Type
$11.19 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

8,504
Businesses Nearby
Under-served
Demand for This Use

Demographics for 10029, NY

78,141
Population
36,955
Households
2.1
Avg Household Size
36
Median Age
36%
College-Educated
78%
High-School Grad
1.2 sq mi
ZIP Area
65,118
Density / Sq Mi
$38,308
Median Household Income
$41,951
Median Earnings
$1,183
Median Rent
$818,100
Median Home Value

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
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Similar Off Market Nearby

  • Columbia Dining at Faculty House — 64 Morningside Dr, New York, NY 10027

Frequently Asked Questions

What type of property is this?
Conventional restaurant - Second-generation restaurant space with an open layout, high ceilings, and glass frontage steps from Central Park.
Where is this conventional restaurant located?
The property is located at 1321 5th Ave New York, NY.
What is the lease rate?
The lease rate is $11,500 /Mo.
What are key features of this property?
This property features: Approximately 1,850 SF second‑generation restaurant space; Fully vented 25 FT hood with gas; Open layout with high ceilings
(212) 468-5984 Call to check price and availability
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