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    1556 2Nd Ave New York, NY 10028

    Sponsored
    For Lease
    $2,448 /Mo

    Upscale Restaurant/Bar Opportunity in NYC

    Lot size:
    2,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional Class A retail space, located at 1556 2nd Avenue in the vibrant heart of New York City (zip code 10028), presents a unique investment opportunity. The property boasts a prime location with high foot traffic, ideal for a discerning restaurant, bar, or food-related business. Spanning 2,000 square feet, this single-tenant space offers ample room for a variety of concepts. Its classification as a Class A property signifies superior construction, amenities, and location within a highly desirable area. The address, 1556 2nd Avenue, places the property within a bustling commercial district known for its high volume of pedestrian traffic and strong consumer base. This translates to significant potential for revenue generation and brand visibility. The property's single-tenant occupancy simplifies management and provides a clear, focused investment strategy. The building itself is not specified in terms of total square footage, but the retail space itself is entirely self-contained and ready for immediate occupancy. This turnkey solution allows for a swift and efficient launch of any business venture. The property's location in New York, NY, offers unparalleled access to a diverse and affluent clientele, making it an attractive proposition for businesses seeking a strong foothold in a competitive market. The geographic coordinates are 40.7743791 latitude and -73.9540066 longitude.

    Property Features for 1556 2Nd Ave

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    2,000 SF
    Class
    A
    Total Rate
    2448

    Unit(s) available at that property

    Space
    Size
    2,000 SF
    Rate per SF
    $2,448

    HighLights

    • 2,000 SF Class A retail space at 1556 2nd Avenue, NYC 10028.
    • Prime location with high foot traffic, ideal for restaurant, bar, or food‑related business.
    • Single‑tenant occupancy, turnkey ready for immediate occupancy.
    • Superior construction, amenities, and location in a highly desirable area.
    • Exceptional investment opportunity with significant revenue potential.
    Property Profile Location Intelligence

    Current Use by Public Records

    ProService Mold Inspection ... Home Inspector

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New York
    County
    New York
    State
    New York
    Longitude
    -73.9540066
    Latitude
    40.7743791

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    FAQs

    What type of property is this?
    Retail property - Upscale Restaurant/Bar Opportunity in NYC
    Where is this retail property located?
    The property is located at 1556 2Nd Ave New York, NY.
    What is the lease rate?
    The lease rate is $2,448 /Mo.
    What are key features of this property?
    This property features: 2,000 SF Class A retail space at 1556 2nd Avenue, NYC 10028.; Prime location with high foot traffic, ideal for restaurant, bar, or food-related business.; Single-tenant occupancy, turnkey ready for immediate occupancy.
    Request Owner's contact information
    1556 2Nd Ave New York, NY 10028
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    New York, NY 10028
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1556 2Nd Ave New York, NY 10028
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