Turnkey Restaurant Space with
For Sale
$388,000
216 Thompson St, New York, NY 10012
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 Market206
Property Features for 216 Thompson St
General Information
Standard status
Active
Size
1,600 SF
Property subtype
Business Opportunity
Site & Location
Neighborhood
Downtown
Additional Details
Business Included
Yes
Liquor License
Yes
Taxes and HOA fees
Annual Taxes
$98,062
Listing Agency:
B Square Realty
(718) 939-8388
Listed By:
Wenting Wang · License #10401302204
(917) 547-4288
Source:
Exprealty
Added: Apr 8
Changed: Oct 25
Last Checked: Oct 28 at 12:46PM
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
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Review the available facts, identify missing information and prepare questions for the agent.
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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,242
Cap Rate
5.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$464,840
$464.8K
Cap Rate 7%
$332,029
$332.0K
Cap Rate 9%
$258,244
$258.2K
Market Conditions
NOI Build-Up for 1,600 SF
Gross rent
$35.1K $21.96/SF
− Vacancy
−$1.9K −$1.21/SF
EGI
$33.2K $20.75/SF
− OpEx
−$10.0K −$6.23/SF
NOI
$23.2K $14.53/SF
Area
New York, NY
Vacancy
5.50%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$464,840
Cap Rate 7%
$332,029
Cap Rate 9%
$258,244
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 authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
32,577
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 10012, NY
23,125
Population
14,568
Households
1.6
Avg Household Size
35
Median Age
83%
College-Educated
96%
High-School Grad
0.3 sq mi
ZIP Area
77,083
Density / Sq Mi
$130,938
Median Household Income
$88,301
Median Earnings
$2,731
Median Rent
$1,500,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Similar Off Market Nearby
- Bread and butter — 233 West St, New York, NY 10013
- Kikoo Sushi — 141 1st Ave., New York, NY 10003
Frequently Asked Questions
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
