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    1698 2Nd Ave New York, NY 10128

    For Lease
    $150 SF/Yr

    Prime Restaurant Location, 3500 SF Total

    Lot size:
    2,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional Class A retail space, located in the vibrant Upper East Side of Manhattan, presents a unique opportunity for a discerning food-focused business. The property boasts a highly desirable corner location, offering excellent street visibility and accessibility for customers. The main floor encompasses 2,000 square feet of well-designed space, ideal for a restaurant's dining area and kitchen. Adding significant value is a spacious 1500 square foot basement, perfect for storage, additional prep areas, or even expanded seating depending on the tenant's needs. The property's potential for ventilation is a key advantage for any food service operation. The single-tenant occupancy ensures exclusive use and control of the premises. This is a rare opportunity to establish a thriving business in one of Manhattan's most affluent and sought-after neighborhoods. The property's size and location make it suitable for a variety of food-related concepts, from upscale dining to a casual eatery. Its prime corner location guarantees high foot traffic and visibility, ensuring maximum exposure to potential customers. The combination of a large main floor and substantial basement space provides ample room for operations and storage, allowing for efficient workflow and seamless service. The potential for ventilation further enhances the property's suitability for a restaurant or food-related business. This is an exceptional opportunity to secure a prominent location in a thriving market. Serious inquiries only.

    Property Features for 1698 2Nd Ave

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    2,000 SF
    Class
    A

    Unit(s) available at that property

    Space
    Size
    2,000 SF
    Rate per SF
    $150

    HighLights

    • Prime Upper East Side retail space, ideal for restaurant or food‑related business.
    • 2,000 square foot ground floor space.
    • 1,500 square foot basement, potentially suitable for venting.
    • Class A retail property in a single‑tenant building.
    • Located in New York County.
    Property Profile Insight Report 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 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
    -73.950697069562
    Latitude
    40.779008862884

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    FAQs

    What type of property is this?
    Retail property - Prime Restaurant Location, 3500 SF Total
    Where is this retail property located?
    The property is located at 1698 2Nd Ave New York, NY.
    What is the lease rate?
    The lease rate is $150 SF/Yr.
    What are key features of this property?
    This property features: Prime Upper East Side retail space, ideal for restaurant or food-related business.; 2,000 square foot ground floor space.; 1,500 square foot basement, potentially suitable for venting.
    Request Owner's contact information
    1698 2Nd Ave New York, NY 10128
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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
    1698 2Nd Ave New York, NY 10128
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