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    23 Avenue B New York, NY 10009

    Sponsored
    For Lease
    $9,000 /Mo

    NYC Restaurant Space - 1000 SF

    Lot size:
    1,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 1,000 square foot retail space, located at 23 Avenue B in New York, NY 10009, presents a fantastic opportunity for a discerning tenant. Situated on the ground floor with additional basement storage, this single-tenant property boasts 12 feet of frontage on Avenue B, ensuring high visibility and accessibility. The space is ideally suited for a restaurant, with existing venting and gas lines already in place, simplifying the setup process. Currently offered at $9,000 per month, this lease presents a compelling value proposition. A unique incentive is available: six months of tenant improvements ($54,000) and six months of free rent are being offered. The lease term is negotiable, and immediate possession is available. The property is located in New York County and is easily accessible given its prime location in the vibrant New York City neighborhood. All uses will be considered, making this a versatile space for a variety of businesses. This is a rare opportunity to secure a well-located, move-in ready retail space in a highly desirable area of Manhattan. Don't miss out on this chance to establish your business in a thriving community.

    Property Features for 23 Avenue B

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,000 SF
    Total Rate
    9000

    Unit(s) available at that property

    Space
    Size
    1,000 SF
    Rate per SF
    $9,000

    HighLights

    • 1,000 sq ft retail space at 23 Avenue B, New York, NY 10009.
    • Ground floor space with basement storage; 12 ft of frontage on Avenue B.
    • Suitable for restaurant; existing venting and gas lines.
    • $9,000/month rent; $54,000 in TI allowance and 6 months free rent offered.
    • Negotiable lease terms; immediate occupancy.
    Property Profile Location Intelligence

    Current Use by Public Records

    GRAB AND GO SMOKES Cannabis Store SourAji Restaurant Domakase Sushi Restaurant

    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
    -73.9831145
    Latitude
    40.7221675

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    FAQs

    What type of property is this?
    Retail property - NYC Restaurant Space - 1000 SF
    Where is this retail property located?
    The property is located at 23 Avenue B New York, NY.
    What is the lease rate?
    The lease rate is $9,000 /Mo.
    What are key features of this property?
    This property features: 1,000 sq ft retail space at 23 Avenue B, New York, NY 10009.; Ground floor space with basement storage; 12 ft of frontage on Avenue B.; Suitable for restaurant; existing venting and gas lines.
    Request Owner's contact information
    23 Avenue B New York, NY 10009
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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
    23 Avenue B New York, NY 10009
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