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Midtown East Restaurant Space Available
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627 2nd Ave, New York, NY 10016

Vented kitchen, walk-in refrigerator, prime Midtown East location.

Space Size1,200 SF
Days on Market759

Property Features for 627 2nd Ave

General Information

Standard status Active
Size 1,200 SF
Property subtype Retail, Restaurant
Lease Type Modified Gross

Building Details

Tenancy Single

Spaces For Lease

at 627 2nd Ave Contact us

Available Space

Size
1,200 SF
Availability
Active
Contact us
Listing Agency: Proxy Real Estate
Listed By: Ryan Magner · License #10311210273
Source: Crexi
Added: Aug 12, 2024 Changed: Sep 4 Last Checked: Sep 9 at 6:14AM

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 Proxy Real Estate

Investment Insights

Based on property information with market context.

This commercial space, suitable for conventional restaurants and retail, offers 1,200 square feet with a partial basement. The fully vented kitchen includes gas and a walk-in refrigerator located in the basement. The space features two bathrooms. Situated in a prime Midtown East location, it provides easy access to NYU and Bellevue Hospitals. The area is characterized by many new luxury high rises and benefits from the proximity of the M15 and M34 bus stops. The location is within a dense Midtown office and residential delivery zone. The previous tenant held a full liquor license, indicating potential for similar businesses.

Key Highlights

  • Prime Midtown East Location
  • Fully Vented Kitchen with Gas Walk‑In Refrigerator in Basement
  • Previous Tenant had Full Liquor License

Property Analytics

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Current Use

Conventional restaurants

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Butcher Buffet Pet Grooming Service Clothing & Fashion Store Nursing Home

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

NNN (Triple Net)
Lease Type
$22.50 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

59,430
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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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Similar Off Market Nearby

  • Bread and butter 45 E 33rd St, New York, NY 10016

Frequently Asked Questions

What type of property is this?
Conventional restaurant - Vented kitchen, walk-in refrigerator, prime Midtown East location.
Where is this conventional 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.
What are key features of this property?
This property features: Prime Midtown East Location; Fully Vented Kitchen with Gas Walk‑In Refrigerator in Basement; Previous Tenant had Full Liquor License
More about this property
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