Renovated Restaurant with Full
3xx 7th Avenue New York Manhattan, NY 10001
3xx 7th Avenue New York, Manhattan, NY, 10001
$1,380,000
For Sale
$1,380,000
Fully renovated multi-level restaurant includes a commercial kitchen, bar area, and dining seating for 98.
Property Size5,597 SF
Price / SF$246.56
Days on Market294
Property Features for 3xx 7th Avenue New York
General Information
- Standard status
- Active
- Size
- 5,597 SF
- Property subtype
- Business Opportunity
Building Details
- Year Built
- 1929
Listing agency
Skylux Realty Inc
(516) 587-9113
Listed by
Fei Guo
(516) 587-9113
Source
Cohenandcohenrealty
Added: Oct 3, 2025 Updated: Jul 22 at 8:10PM Checked: Jul 23 at 6:57AM
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 Skylux Realty Inc
Investment Insights
Based on property information with market context.
A fully renovated restaurant opportunity with modern interiors and a complete operating buildout. The space includes dining and service areas on the 1st and 2nd floors, plus a basement level with elevator access. The basement is equipped with a walk-in cooler/freezer and offers full equipment. The concept includes front window service, a full commercial kitchen, a bar area, and a designed dining room with 98 seats.
Located in Chelsea on 7th Avenue in Manhattan, the property features wide glass frontage for visibility near Penn Station and multiple subway lines.
The business is offered for sale with a 20-year lease that has 18 years remaining. The remarks state that the rent and property tax are far below market value.
Located in Chelsea on 7th Avenue in Manhattan, the property features wide glass frontage for visibility near Penn Station and multiple subway lines.
The business is offered for sale with a 20-year lease that has 18 years remaining. The remarks state that the rent and property tax are far below market value.
Key Highlights
- Renovated 5‑star restaurant for sale on 7th Avenue in Chelsea, Manhattan
- 3,816 sq.ft. on the 1st and 2nd floors, plus a 1,781 sq.ft. basement with elevator access
- Full commercial kitchen and bar area, with front window service
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 | $122.9k | $21.96 |
| − Vacancy | −$6.8k | −$1.21 |
| EGI | $116.2k | $20.75 |
| − OpEx | −$34.8k | −$6.23 |
| NOI | $81.3k | $14.53 |
5,597 SF · lease $21.96/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$13.93M
$12.19M – $16.25M
NOI $975,221 @ 7.0% cap · market cap 70.67%
Second Best
Industrial
$1.16M
$1.02M – $1.36M
NOI $81,305 @ 7.0% cap · market cap 5.89%
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
Conventional restaurants
Similar For Sale Nearby
FAQs
What type of property is this?
Conventional restaurant - Fully renovated multi-level restaurant includes a commercial kitchen, bar area, and dining seating for 98.
Where is this conventional restaurant located?
The property is located at 3xx 7th Avenue New York Manhattan, NY.
What is the asking price?
The asking price for this property is $1,380,000.
What are key features of this property?
This property features: Renovated 5‑star restaurant for sale on 7th Avenue in Chelsea, Manhattan; 3,816 sq.ft. on the 1st and 2nd floors, plus a 1,781 sq.ft. basement with elevator access; Full commercial kitchen and bar area, with front window service
