Turnkey Restaurant Space with
216 Thompson St New York, NY 10012
216 Thompson St, New York, NY, 10012
$388,000
For Sale
$388,000
Fully built-out restaurant space with complete kitchen setup and beer and wine license for immediate operations.
Property Size1,600 SF
Price / SF$242.50
Days on Market106
Property Features for 216 Thompson St
General Information
- Standard status
- Active
- Size
- 1,600 SF
- Property subtype
- Business Opportunity
Listing agency
B Square Realty
(917) 547-4288
Listed by
Wenting Wang
(917) 547-4288
Source
Exprealty
Added: Apr 8 Updated: Jul 22 at 7:19AM Checked: Jul 22 at 7:19AM
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 B Square Realty
Investment Insights
Based on property information with market context.
This turnkey restaurant opportunity is fully built out for restaurant use and includes a complete kitchen setup suitable for all-day dining and hibachi operations. The space also comes equipped with a beer and wine license, supporting immediate operational capability for an appropriate food concept.
The property is located in the heart of Greenwich Village, just steps from NYU, in a high-activity dining corridor with consistent foot traffic from students, residents, and tourists.
The business has been operating for over 10 years and is currently open and generating steady income. This offering is positioned for restaurateurs or operators looking to enter or expand in a highly desirable Manhattan dining area.
The property is located in the heart of Greenwich Village, just steps from NYU, in a high-activity dining corridor with consistent foot traffic from students, residents, and tourists.
The business has been operating for over 10 years and is currently open and generating steady income. This offering is positioned for restaurateurs or operators looking to enter or expand in a highly desirable Manhattan dining area.
Key Highlights
- Approximately 1,600+ SF fully built‑out restaurant space
- Complete kitchen setup suitable for all‑day dining and hibachi operations
- Beer and wine license included for immediate operations
Local Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $35.1k | $21.96 |
| − Vacancy | −$1.9k | −$1.21 |
| EGI | $33.2k | $20.75 |
| − OpEx | −$10.0k | −$6.23 |
| NOI | $23.2k | $14.53 |
1,600 SF · lease $21.96/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$3.98M
$3.48M – $4.65M
NOI $278,784 @ 7.0% cap · market cap 71.85%
Second Best
Industrial
$332.0K
$290.5K – $387.4K
NOI $23,242 @ 7.0% cap · market cap 5.99%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Okinii
Restaurant
Similar For Sale Nearby
Similar Off Market Nearby
- Kikoo Sushi — 141 1st Ave., New York, NY 10003
- Bread and butter — 233 West St, New York, NY 10013
FAQs
What type of property is this?
Conventional restaurant - Fully built-out restaurant space with complete kitchen setup and beer and wine license for immediate operations.
Where is this conventional restaurant located?
The property is located at 216 Thompson St New York, NY.
What is the asking price?
The asking price for this property is $388,000.
What are key features of this property?
This property features: Approximately 1,600+ SF fully built‑out restaurant space; Complete kitchen setup suitable for all‑day dining and hibachi operations; Beer and wine license included for immediate operations
