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    1323 2Nd Ave New York, NY 10021

    For Lease
    $102,000

    Prime location, 800 sq ft, immediate possession.

    Lot size:
    400 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional cafe space, located at 1323 Second Avenue between 69th and 70th Streets in Manhattan, presents a unique investment opportunity. The property boasts a total of 800 square feet, with 400 square feet on the ground floor and an additional 400 square feet in the basement. The space features approximately 13 feet of frontage on Second Avenue, benefiting from high pedestrian traffic. The property includes air conditioning and is available for immediate possession with a 10-year lease term. The monthly rental rate is available upon request. This vibrant neighborhood is home to a diverse mix of established businesses, including Grace’s Market Place, Valley National Bank, Capital One Bank, Bellini, Taroo Hair Salon, Jean Claude French Bistro, Il Divo Italian Restaurant, Commerce Bank, Pottery Barn Kids, CVS, La Esquina Restaurant, Botega Restaurant, Mission Ceviche Restaurant, Walgreens, Beach Café, and New Ko Sushi Restaurant. The building itself also houses a variety of tenants, such as a smoke shop, Whiskey and Wine off 69th, 5 Napkin Burger, and Singas Famous Pizza, ensuring a bustling and active environment. This prime location offers exceptional visibility and access to a dense population of potential customers. Don't miss this chance to establish your business in a thriving Upper East Side neighborhood.

    Property Features for 1323 2Nd Ave

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    400 SF
    Total Rate
    102000

    Unit(s) available at that property

    Space
    Size
    400 SF
    Rate per SF
    $102,000

    HighLights

    • Asking price: $9,000 per month.
    • Address: 1323 Second Avenue, between 69th and 70th Streets, New York County.
    • Size: 400 square feet on the ground floor, plus 400 square feet in the basement.
    • Frontage: Approximately 13 feet on Second Avenue.
    • Features: High pedestrian traffic, air conditioning.
    • Lease Term: 10 years.
    Property Profile Location Intelligence

    Current Use by Public Records

    Crusty & Tasty Restaurant

    Suggested Use

    Restaurant Law Firm 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
    -73.2269188
    Latitude
    40.7792701

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    FAQs

    What type of property is this?
    Restaurant - Prime location, 800 sq ft, immediate possession.
    Where is this restaurant located?
    The property is located at 1323 2Nd Ave New York, NY.
    What is the lease rate?
    The lease rate is $102,000.
    What are key features of this property?
    This property features: Asking price: $9,000 per month.; Address: 1323 Second Avenue, between 69th and 70th Streets, New York County.; Size: 400 square feet on the ground floor, plus 400 square feet in the basement.
    Request Owner's contact information
    1323 2Nd Ave New York, NY 10021
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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
    1323 2Nd Ave New York, NY 10021
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