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Turnkey Restaurant with Basement
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928 Second Avenue, New York City, NY 10016

Turnkey ground-floor restaurant space with a full basement and prep kitchen infrastructure, featuring ceiling heights up to 12 feet.

Space Size2,000 SF
Days on Market138

Property Features for 928 Second Avenue

General Information

Standard status Active
Size 2,000 SF
Property subtype Retail, Restaurant

Additional Details

Business Included Yes
Clear Height 12 ft

Building Details

Building Size 2,000 SF
Tenancy Single

Spaces For Lease

at 928 Second Avenue Contact us

Ground Floor

Size
2,000 SF
Availability
Active
Contact us
Listing Agency: J3K Real Estate
Listed By: Jonathon Kamali · License #NY 10491211441
Source: Crexi
Added: Apr 22 Changed: Sep 4 Last Checked: Sep 4 at 10:03AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of J3K Real Estate

Investment Insights

Based on property information with market context.

Located at 928 Second Avenue, this turnkey restaurant space is delivered as a fully built-out concept with complete prep kitchen infrastructure. The offering includes approximately 2,000 SF on the ground floor plus a full basement, with ceiling heights up to 12 feet.

The property sits in Midtown East’s Turtle Bay corridor within a live-work-dine environment supported by corporate headquarters and institutional employers. It is also positioned near the United Nations corridor, with access to major transit including Grand Central Terminal, multiple subway lines, and the LIRR.

The configuration is designed for immediate restaurant functionality, combining a street-level dining footprint with additional basement space.

Key Highlights

  • Approximately 2,000 SF ground‑floor restaurant space plus a full basement
  • Ceiling heights up to 12 feet on the ground floor
  • Former fully built restaurant with complete prep kitchen infrastructure

Property Analytics

Current Use

Sipsak Restaurant Norma Italian Restaurant Restaurant Smoke & Beer Grocery & Convenience Store QBD Media Publishing House

Suggested Use

Top Pick Butcher (Bike/Boat/Book/etc) Store Auto Parts Store Pet Grooming Service Buffet Adult Day Care

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

12 ft
Clear height
Turnkey business
Opportunity
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

64,721
Businesses Nearby
Under-served
Demand for This Use

Demographics for 10016, NY

62,336
Population
36,985
Households
1.7
Avg Household Size
34
Median Age
82%
College-Educated
97%
High-School Grad
0.5 sq mi
ZIP Area
124,672
Density / Sq Mi
$153,065
Median Household Income
$107,691
Median Earnings
$3,321
Median Rent
$928,400
Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Turnkey ground-floor restaurant space with a full basement and prep kitchen infrastructure, featuring ceiling heights up to 12 feet.
Where is this conventional restaurant located?
The property is located at 928 Second Avenue New York City, NY.
What are key features of this property?
This property features: Approximately 2,000 SF ground‑floor restaurant space plus a full basement; Ceiling heights up to 12 feet on the ground floor; Former fully built restaurant with complete prep kitchen infrastructure
More about this property
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