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    23Rd St New York, NY 10010

    Sponsored
    For Lease
    $300,000

    1300sf, Fully Vented, No Key Money

    Lot size:
    1,300 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 1300-square-foot retail space, located on E 23rd Street in New York City's vibrant New York County (zip code 10010), presents a turnkey opportunity for a pizza restaurant. Situated on the ground floor, this fully built-out space boasts a complete ventilation system, eliminating the significant expense and time associated with installing such crucial infrastructure. The property's convenient location, steps away from Madison Square Park, ensures high foot traffic and visibility, attracting a diverse clientele. The absence of a key money requirement makes this an even more attractive proposition for prospective owners. This single-tenant space is ideal for an established pizza business seeking a prime location or an entrepreneur looking to launch their own venture. The property's address is E 23rd St, New York, NY 10010, offering easy access to public transportation and various amenities. The fully built-out nature of the space allows for immediate occupancy, minimizing downtime and maximizing revenue potential. This is a rare opportunity to acquire a well-positioned, fully equipped restaurant space in a highly desirable New York City neighborhood without the added financial burden of key money. The property is classified as retail, specifically a pizza store, and offers a single tenancy. Its prime location and ready-to-use condition make it an exceptional investment.

    Property Features for 0 23Rd St

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,300 SF
    Total Rate
    300000

    Unit(s) available at that property

    Space
    Size
    1,300 SF
    Rate per SF
    $300,000

    HighLights

    • 1300 sq ft turnkey retail space in prime NYC location (E 23rd St, 10010), ideal for a pizza restaurant.
    • Fully built‑out with complete ventilation system, ready for immediate occupancy.
    • High foot traffic & visibility near Madison Square Park.
    • No key money required.
    • Single‑tenant space offering easy access to public transportation.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    New York
    County
    New York
    State
    New York
    Longitude
    -73.9822804
    Latitude
    40.7384592

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    FAQs

    What type of property is this?
    Retail property - 1300sf, Fully Vented, No Key Money
    Where is this retail property located?
    The property is located at 23Rd St New York, NY.
    What is the lease rate?
    The lease rate is $300,000.
    What are key features of this property?
    This property features: 1300 sq ft turnkey retail space in prime NYC location (E 23rd St, 10010), ideal for a pizza restaurant.; Fully built-out with complete ventilation system, ready for immediate occupancy.; High foot traffic & visibility near Madison Square Park.
    Request Owner's contact information
    23Rd St New York, NY 10010
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    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
    23Rd St New York, NY 10010
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