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    23 Avenue B New York, NY 10009

    Sponsored
    For Lease
    $144 SF/Yr

    2,000 SF Restaurant, Immediate Possession

    Lot size:
    2,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional restaurant opportunity is located in the vibrant East Village at 23 Avenue B, New York, NY 10009. The ground floor space boasts approximately 2,000 square feet, perfect for a variety of culinary concepts. The property features 24 feet of frontage on Avenue B, ensuring high visibility and foot traffic. A significant incentive is being offered to the new tenant: six months of tenant improvements ($120,000) and six months of free rent. All uses are considered, subject to approval, making this a versatile space for a wide range of businesses. The property is ready for immediate occupancy, and the existing infrastructure includes crucial restaurant features such as a functioning venting system and a gas line already in place. The basement provides valuable storage space. The monthly rent is $24,000, and lease terms are negotiable. This is a rare chance to secure a prime location in one of Manhattan's most sought-after neighborhoods. Don't miss this opportunity to establish your business in this thriving area. Contact us today to schedule a viewing.

    Property Features for 23 Avenue B

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    2,000 SF

    Unit(s) available at that property

    Space
    Size
    2,000 SF
    Rate per SF
    $144
    Property Profile Location Intelligence

    Current Use by Public Records

    GRAB AND GO SMOKES Cannabis Store SourAji Restaurant Domakase Sushi Restaurant

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon 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
    -73.9831145
    Latitude
    40.7221675

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    FAQs

    What type of property is this?
    Restaurant - 2,000 SF Restaurant, Immediate Possession
    Where is this restaurant located?
    The property is located at 23 Avenue B New York, NY.
    What is the lease rate?
    The lease rate is $144 SF/Yr.
    Request Owner's contact information
    23 Avenue B New York, NY 10009
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    New York, NY 10009
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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
    23 Avenue B New York, NY 10009
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