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    627 2Nd Ave New York, NY 10016

    For Lease
    $150 SF/Yr

    Prime Manhattan retail space, 1200 sq ft, full kitchen.

    Lot size:
    1,200 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 1,200 square foot retail space is ideally situated in Midtown East, Manhattan, at 627 2nd Avenue, zip code 10016. The property is a single-tenant space perfect for a variety of uses, including bar, clothing store, dry-use retail, wine bar, or quick-service restaurant (QSR), as indicated by previous tenants. The space includes a fully vented kitchen equipped with a walk-in refrigerator located in the partial basement. Two bathrooms are already in place. A significant advantage is the previous tenant's possession of a full liquor license, a valuable asset for prospective tenants. This location offers unparalleled access to NYU and Bellevue Hospitals, benefiting from the high foot traffic and dense concentration of office and residential buildings in the immediate vicinity. The convenient location is further enhanced by its proximity to the M15 and M34 bus stops, directly on the block. The asking rent is $15,000 per month. The property's prime location within the Midtown East submarket cluster makes it an exceptional opportunity for a discerning business owner. Numerous new luxury high-rises in the area contribute to a thriving and upscale environment.

    Property Features for 627 2Nd Ave

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,200 SF

    Unit(s) available at that property

    Space
    Size
    1,200 SF
    Rate per SF
    $150
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

    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
    -73.975703364467
    Latitude
    40.745032744118

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    FAQs

    What type of property is this?
    Restaurant - Prime Manhattan retail space, 1200 sq ft, full kitchen.
    Where is this restaurant located?
    The property is located at 627 2Nd Ave New York, NY.
    What is the lease rate?
    The lease rate is $150 SF/Yr.
    Request Owner's contact information
    627 2Nd Ave New York, NY 10016
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    New York, NY 10016
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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
    627 2Nd Ave New York, NY 10016
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