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    5Th Ave New York, NY 10019

    For Sale
    $1,200,000

    Established eatery, prime Midtown location, strong lease.

    Property size:
    3,200 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional opportunity presents a thriving Japanese restaurant for sale in the heart of Midtown Manhattan, situated on 5th Avenue in the 10019 zip code, near Rockefeller Center. The restaurant boasts a substantial 3,200 square feet of space, currently operating under a Triple Net (NNN) lease with a remarkable 10 years remaining. The asking price is $1,200,000, translating to a price per square foot of $375. This established business enjoys high foot traffic due to its prime location, making it an attractive investment for experienced restaurateurs or those seeking a turnkey operation in a high-demand area of New York City. The single-tenancy setup provides ease of management and control. Financial details are available upon request to qualified buyers. This is a rare chance to acquire a profitable, well-established restaurant in one of Manhattan's most coveted locations. The property's strong lease terms and prime location ensure long-term stability and potential for continued growth. Serious inquiries only.

    Property Features for 0 5Th Ave

    General Information

    Property type
    Restaurants
    Square Feet
    3,200 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Food Market Clothing Store 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
    -73.9829677
    Latitude
    40.7506276

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    FAQs

    What type of property is this?
    Restaurant - Established eatery, prime Midtown location, strong lease.
    Where is this restaurant located?
    The property is located at 5Th Ave New York, NY.
    What is the asking price?
    The asking price for this property is $1,200,000.
    Request Owner's contact information
    5Th Ave New York, NY 10019
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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
    5Th Ave New York, NY 10019
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