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    Ground Floor Restaurant Space On 3 Ave New York, NY 10016

    For Lease
    $135 SF/Yr

    Prime Kips Bay location, 1600 sq ft restaurant.

    Lot size:
    1,600 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional ground floor restaurant space, located in the vibrant Kips Bay neighborhood on Third Avenue, offers approximately 1,600 square feet of prime retail space. Ideal for a restaurant operator, the property features a sizable 500 square foot kitchen equipped with gas appliances including an oven, grill, steamer, and fryer. Two half-bathrooms are included, although one is currently used as a closet. The space boasts immediate occupancy and a negotiable lease term. The monthly rent is $18,050, translating to $135 per square foot. The property is offered in "as is" condition. While taxes and utilities are not specified, the landlord is not offering any tenant improvements. All dimensions are approximate; prospective tenants should conduct their own due diligence to verify measurements. Please note that all information provided is subject to errors, omissions, changes in price, prior sale or lease, or withdrawal without notice.

    Property Features for 0 Ground Floor Restaurant Space On 3 Ave

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,600 SF

    Unit(s) available at that property

    Space
    Size
    1,600 SF
    Rate per SF
    $135

    HighLights

    • Ground floor restaurant space on Third Avenue in Kips Bay, Manhattan.
    • 1,600 square foot single‑tenant retail space with a 500 square foot kitchen.
    • $18,050 monthly rent ($135 per square foot).
    • Immediate possession available.
    • As‑is condition; includes two half baths (one used as a closet) and a kitchen with gas appliances (oven, grill, steamer, and fryer).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    New York
    County
    New York
    State
    New York
    Longitude
    -73.9800645
    Latitude
    40.74727

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    FAQs

    What type of property is this?
    Retail property - Prime Kips Bay location, 1600 sq ft restaurant.
    Where is this retail property located?
    The property is located at Ground Floor Restaurant Space On 3 Ave New York, NY.
    What is the lease rate?
    The lease rate is $135 SF/Yr.
    What are key features of this property?
    This property features: Ground floor restaurant space on Third Avenue in Kips Bay, Manhattan.; 1,600 square foot single-tenant retail space with a 500 square foot kitchen.; $18,050 monthly rent ($135 per square foot).
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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.

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    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
    Ground Floor Restaurant Space On 3 Ave New York, NY 10016
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