Leased Retail
For Sale
Contact for pricing
Pending
47 7th Avenue South, New York, NY 10014
Corner commercial condominium configured for a restaurant and bar under a 15-year term with one five-year option.
Property SizeContact for details
Days on Market42
Property Features for 47 7th Avenue South
General Information
Standard status
Pending
Property subtype
Retail
Listing Agency:
Marshall Real Estate, LLC
Listed By:
Matthew Marshall · License #NY 10491203132
Source:
Crexi
Added: Jul 21
Changed: Aug 29
Last Checked: Aug 31 at 11:01AM
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 Marshall Real Estate, LLC
Investment Insights
Based on property information with market context.
This retail condominium at 47 7th Avenue South, also identified as 13 Morton Street, occupies the northeast corner of 7th Avenue South and Morton Street in Manhattan’s West Village. The approximately 2,665-square-foot layout includes 1,202 sq. ft. of ground-floor interior space, a 723 sq. ft. structurally enclosed sidewalk café, and 740 sq. ft. on the lower level.
The condominium is fully leased to an established Manhattan restaurateur for operation as a Mediterranean/American restaurant and bar. The lease runs for 15 years and includes one five-year option. Planned improvements include soundproofing, professional restaurant and cooking systems, new venting, upgraded HVAC, and new lighting and flooring. The venue provides seating for 89 patrons, with approval from Community Board No. 2 and the SLA for a full liquor license.
The condominium is fully leased to an established Manhattan restaurateur for operation as a Mediterranean/American restaurant and bar. The lease runs for 15 years and includes one five-year option. Planned improvements include soundproofing, professional restaurant and cooking systems, new venting, upgraded HVAC, and new lighting and flooring. The venue provides seating for 89 patrons, with approval from Community Board No. 2 and the SLA for a full liquor license.
Key Highlights
- Approximately 2,665 sq. ft. across ground‑floor, enclosed café, and lower‑level areas
- 1,202 sq. ft. interior ground floor, 723 sq. ft. enclosed sidewalk café, and 740 sq. ft. lower level
- Fully leased to an established Manhattan restaurateur for a Mediterranean/American restaurant and bar
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
8,062
Businesses Nearby
246k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 54%
Shops & Services 29%
Groceries 13%
Home Improvements & Furnishings 3%
McDonald's
Dining
56,606 visits/mo
0.5 miles
Key Food Urban Marketplace
Groceries
23,386 visits/mo
0.3 miles
Shake Shack
Dining
18,217 visits/mo
0.5 miles
TD Bank
Shops & Services
15,811 visits/mo
0.3 miles
Chipotle Mexican Grill
Dining
9,346 visits/mo
0.1 miles
Demographics for 10014, NY
32,590
Population
21,835
Households
1.5
Avg Household Size
37
Median Age
85%
College-Educated
99%
High-School Grad
0.5 sq mi
ZIP Area
65,180
Density / Sq Mi
$167,254
Median Household Income
$115,048
Median Earnings
$2,998
Median Rent
$1,294,200
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Retail space - Corner commercial condominium configured for a restaurant and bar under a 15-year term with one five-year option.
Where is this retail space located?
The property is located at 47 7th Avenue South New York, NY.
What are key features of this property?
This property features: Approximately 2,665 sq. ft. across ground‑floor, enclosed café, and lower‑level areas; 1,202 sq. ft. interior ground floor, 723 sq. ft. enclosed sidewalk café, and 740 sq. ft. lower level; Fully leased to an established Manhattan restaurateur for a Mediterranean/American restaurant and bar
