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    280 Park Avenue New York, NY 10010

    Sponsored
    For Lease
    $200 SF/Yr

    Historic 14,000 SF Restaurant, Prime Location

    Lot size:
    14,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional turnkey restaurant opportunity is located in the highly desirable Gramercy Park neighborhood of New York City, within the Flatiron submarket cluster. The property, situated at 280 Park Avenue South, zip code 10010, boasts a substantial 14,000 square feet of space, ideal for a variety of culinary and entertainment ventures. Currently configured as a single-tenant restaurant, the space is ready for immediate occupancy, eliminating the need for extensive renovations. Key features include high ceilings, contributing to a spacious and impressive atmosphere, and a fully vented kitchen, equipped to handle high-volume food preparation. The property's prime location in Gramercy Park ensures high visibility and foot traffic, attracting a diverse clientele. The monthly rent is $233,000. This is a rare chance to acquire a well-established, fully operational restaurant in one of Manhattan's most sought-after neighborhoods. The property's historic character adds to its unique appeal, offering a blend of classic charm and modern functionality. This turnkey operation presents a significant opportunity for an experienced restaurateur or investor seeking a profitable venture in a vibrant and dynamic location. The property is classified as a Restaurant and Special Purpose property.

    Property Features for 280 Park Avenue

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    14,000 SF

    Unit(s) available at that property

    Space
    Size
    14,000 SF
    Rate per SF
    $200

    HighLights

    • Historic turnkey restaurant/venue in prime Gramercy Park location.
    • 14,000 square feet.
    • $233,000 monthly rent.
    • Turnkey restaurant with high ceilings and a vented kitchen.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Spa & Massage Hair Salon Dental Office Nail Salon Building Supply Daycare Center Auto Repair Shop Gym & Fitness

    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
    -73.987384
    Latitude
    40.7396383

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    FAQs

    What type of property is this?
    Restaurant - Historic 14,000 SF Restaurant, Prime Location
    Where is this restaurant located?
    The property is located at 280 Park Avenue New York, NY.
    What is the lease rate?
    The lease rate is $200 SF/Yr.
    What are key features of this property?
    This property features: Historic turnkey restaurant/venue in prime Gramercy Park location.; 14,000 square feet.; $233,000 monthly rent.
    Request Owner's contact information
    280 Park Avenue New York, NY 10010
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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
    280 Park Avenue New York, NY 10010
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