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    1379 3Rd Ave New York, NY 10075

    For Lease
    $204,000

    Upscale 1600 sq ft, high traffic location

    Lot size:
    1,600 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional 1,600 square foot commercial space, located at 1379 Third Avenue between 78th and 79th Streets in New York City, presents a unique opportunity. The property boasts a desirable Class A designation within New York County and is ideally suited for a restaurant, retail, or office use. The layout comprises approximately 1,100 square feet on the ground floor and an additional 500 square feet in the basement. Benefitting from a 14-foot frontage on 3rd Avenue, the space enjoys high pedestrian traffic. Key features include a fully vented kitchen, perfect for food service businesses, along with air conditioning and an all-glass storefront for optimal visibility. The property is immediately available for a 10-year lease term. The vibrant neighborhood is anchored by high-profile tenants such as Charles Schwab, JP Morgan Chase, Wells Fargo, and numerous other established businesses, ensuring a strong customer base. This location offers immediate possession and is ready for your business to thrive. The building itself also houses a diverse mix of tenants, including Cohen's Optical, a juice bar, and H&R Block.

    Property Features for 1379 3Rd Ave

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,600 SF
    Class
    A
    Total Rate
    204000

    Unit(s) available at that property

    Space
    Size
    1,600 SF
    Rate per SF
    $204,000

    HighLights

    • 1,600 SF commercial space at 1379 Third Avenue, NYC (between 78th & 79th Streets).
    • Class A space ideal for restaurant, retail, or office use.
    • 1,100 SF ground floor + 500 SF basement; 14‑foot frontage on 3rd Avenue.
    • Features fully vented kitchen, A/C, and all‑glass storefront.
    • Available immediately for a 10‑year lease; strong tenant mix in building and surrounding area.
    Property Profile Location Intelligence

    Current Use by Public Records

    Water & Wheat Italian Restaurant

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office 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
    -73.9573472
    Latitude
    40.773803

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    FAQs

    What type of property is this?
    Restaurant - Upscale 1600 sq ft, high traffic location
    Where is this restaurant located?
    The property is located at 1379 3Rd Ave New York, NY.
    What is the lease rate?
    The lease rate is $204,000.
    What are key features of this property?
    This property features: 1,600 SF commercial space at 1379 Third Avenue, NYC (between 78th & 79th Streets).; Class A space ideal for restaurant, retail, or office use.; 1,100 SF ground floor + 500 SF basement; 14-foot frontage on 3rd Avenue.
    Request Owner's contact information
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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
    1379 3Rd Ave New York, NY 10075
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