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    537 9Th Ave New York, NY 10018

    Sponsored
    For Lease
    $89,760

    Prime NYC Fast Food Location, High Traffic

    Lot size:
    1,400 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1,400 square foot fast-food restaurant is available for sale in the vibrant Midtown West neighborhood of Manhattan, New York County. Located at 537 9th Avenue, New York, NY 10018, this ground-floor space boasts a full basement and benefits from a highly desirable, high-traffic location near Times Square. The property is currently operating as a Chicken and Waffles restaurant. The space underwent a complete renovation just two years ago, resulting in a fully built-out kitchen equipped with gas appliances. The lease is a 10-year agreement with a 5-year option, and the monthly rent is $7,480. This turnkey operation presents a fantastic opportunity for a savvy investor or restaurateur looking to establish or expand their business in a prime Manhattan location. The key money is available upon request. The property is a single-tenant space, offering ease of management and control. This is a rare opportunity to acquire a well-established restaurant in a high-demand area with significant growth potential. The property's recent renovation ensures that it is in excellent condition and ready for immediate operation. The convenient location near Times Square guarantees high visibility and foot traffic, making it an ideal investment for a thriving business.

    Property Features for 537 9Th Ave

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,400 SF
    Total Rate
    89760

    Unit(s) available at that property

    Space
    Size
    1,400 SF
    Rate per SF
    $89,760

    HighLights

    • Midtown West fast food restaurant for sale, 1,400 sq. ft.
    • Single‑tenant occupancy.
    • Located at 537 9th Ave, New York, NY 10018.
    • $7,480 monthly rent, 10‑year lease with a 5‑year option.
    • Ground floor space with full basement; fully built‑out kitchen with gas.
    • Complete renovation two years ago.
    Property Profile Location Intelligence

    Current Use by Public Records

    Shah’s Halal Food Halal Restaurant

    Suggested Use

    Restaurant Realty agency Hair Salon Spa & Massage Dental Office Nail Salon Food Market Grocery Store Daycare Center Law Firm

    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
    -73.982402905803
    Latitude
    40.746522987498

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    FAQs

    What type of property is this?
    Restaurant - Prime NYC Fast Food Location, High Traffic
    Where is this restaurant located?
    The property is located at 537 9Th Ave New York, NY.
    What is the lease rate?
    The lease rate is $89,760.
    What are key features of this property?
    This property features: Midtown West fast food restaurant for sale, 1,400 sq. ft.; Single-tenant occupancy.; Located at 537 9th Ave, New York, NY 10018.
    Request Owner's contact information
    537 9Th Ave New York, NY 10018
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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
    537 9Th Ave New York, NY 10018
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