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Restaurant Space with Prep Basement
For Lease
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174 First Avenue, New York, NY 10009

Vented restaurant installation with gas service, basement support space, and a seating-oriented layout.

Space Size10,000 SF
Days on Market94

Property Features for 174 First Avenue

General Information

Standard status Active
Size 10,000 SF
Net Rentable 1,700 SF
Property subtype Retail

Space & Availability

Available Space 1,700 SF
Contiguous Space 1,700 SF
Space Use Restaurant
Sublease Yes

Additional Details

Frontage 15 ft
Seating Capacity 70

Building Details

Building Size 10,000 SF
Tenancy Single

Spaces For Lease

at 174 First Avenue Contact us

Whole Building

Size
10,000 SF
Type
Retail
Availability
Active
Contact us
Listing Agency: AJN Realty Advisors
Listed By: alan napack · License #NY 10351218486
Source: Crexi
Added: Jun 4 Changed: Sep 4 Last Checked: Sep 3 at 8:39AM

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 AJN Realty Advisors

Investment Insights

Based on property information with market context.

This conventional restaurant space includes approximately 1700 square feet arranged with a dining area supported by a storage and preparation basement. The premises accommodate 70 seats and offer 15 feet of frontage along First Avenue. A one-year-old installation is fully vented and equipped for gas service, providing established restaurant infrastructure within the space.

The property is at 174 First Avenue in New York’s East Village, near Kavasutra, Momofuku Noodle Bar, Veniero's, and Rowdy Rooster. The existing lease extends until April 24, 2039, adding a defined occupancy term to the restaurant configuration.

Key Highlights

  • Approximately 1700 square feet of restaurant space
  • Storage and prep basement included
  • One‑year‑old installation with full venting and gas service

Property Analytics

Current Use

Emilia by Nai ... Restaurant Emilia by Nai Bar & Pub

Suggested Use

Top Pick Nursing Home Auto Parts Store Buffet Pet Grooming Service Adult Day Care Clothing & Fashion 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

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

21,839
Businesses Nearby
Under-served
Demand for This Use

Demographics for 10009, NY

61,716
Population
32,375
Households
1.9
Avg Household Size
36
Median Age
63%
College-Educated
87%
High-School Grad
0.6 sq mi
ZIP Area
102,860
Density / Sq Mi
$87,963
Median Household Income
$84,069
Median Earnings
$1,925
Median Rent
$690,600
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

  • Kikoo Sushi 141 1st Ave., New York, NY 10003

Frequently Asked Questions

What type of property is this?
Conventional restaurant - Vented restaurant installation with gas service, basement support space, and a seating-oriented layout.
Where is this conventional restaurant located?
The property is located at 174 First Avenue New York, NY.
What are key features of this property?
This property features: Approximately 1700 square feet of restaurant space; Storage and prep basement included; One‑year‑old installation with full venting and gas service
More about this property
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