Two-Level Restaurant
For Sale
$300,000
48 W 48th St, New York, NY 10036
Fully built-out Midtown Manhattan restaurant with existing infrastructure and two levels for flexible food-and-beverage concepts.
Property Size4,200 SF
Price / SF$71.43
Days on Market60
Property Features for 48 W 48th St
General Information
Standard status
Active
Size
4,200 SF
Property subtype
Business Opportunity
Additional Details
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$12,000
Building Details
Stories
2
Listing Agency:
Homix Realty Inc
(646) 937-3683
Listed By:
Kai Zhao · License #991797
(646) 937-3683
Source:
Exprealty
Added: Jun 22
Changed: Aug 20
Last Checked: Aug 20 at 11:55AM
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 Homix Realty Inc
Investment Insights
Based on property information with market context.
This fully built-out restaurant space is configured across two levels, providing a turnkey foundation for a food-and-beverage operator. The premises include existing restaurant infrastructure, including gas service, supporting day-to-day restaurant operations.
Located in Midtown Manhattan within a vibrant commercial district, the space benefits from strong pedestrian activity and convenient access to public transportation. The confidential offering includes additional details upon request.
The current structure is supported by a favorable long-term lease, with listed current rent of $22,700 per month and annual real estate taxes of approximately $12,000. The lease includes a 10-year term with an additional 5-year renewal option, which may appeal to tenants seeking stability while maintaining the ability to plan for future continuity of occupancy.
Located in Midtown Manhattan within a vibrant commercial district, the space benefits from strong pedestrian activity and convenient access to public transportation. The confidential offering includes additional details upon request.
The current structure is supported by a favorable long-term lease, with listed current rent of $22,700 per month and annual real estate taxes of approximately $12,000. The lease includes a 10-year term with an additional 5-year renewal option, which may appeal to tenants seeking stability while maintaining the ability to plan for future continuity of occupancy.
Key Highlights
- Approximately 4,200 SF fully built‑out Midtown Manhattan restaurant space across two levels
- Existing restaurant infrastructure includes gas service
- Lease terms include a 10‑year term with an additional 5‑year renewal option
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
90,344
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 10036, NY
33,868
Population
22,473
Households
1.5
Avg Household Size
37
Median Age
69%
College-Educated
93%
High-School Grad
0.4 sq mi
ZIP Area
84,670
Density / Sq Mi
$100,225
Median Household Income
$86,122
Median Earnings
$2,301
Median Rent
$988,000
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Similar Off Market Nearby
- OLIYO — 575 8th Ave, New York, NY 10018
- KPOT Korean BBQ & Hot Pot — 310 W 38th St, New York, NY 10018
- DELIS 48 — 48 W 48th St, New York, NY 10036
- Jordan’s Diner — 545 8th Ave, New York, NY 10018
- The Theater Buffet — 305 W 46th St, New York, NY 10036
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Fully built-out Midtown Manhattan restaurant with existing infrastructure and two levels for flexible food-and-beverage concepts.
Where is this conventional restaurant located?
The property is located at 48 W 48th St New York, NY.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Approximately 4,200 SF fully built‑out Midtown Manhattan restaurant space across two levels; Existing restaurant infrastructure includes gas service; Lease terms include a 10‑year term with an additional 5‑year renewal option
