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    402 118Th St New York, NY 10035

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    For Lease
    Contact for pricing

    958 SF Restaurant Space - For Lease

    Lot size:
    958 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 958-square-foot retail space, located at 402 East 118th Street in New York City's vibrant East Harlem neighborhood (zip code 10035), presents a unique opportunity for a single-tenant restaurant. The entire space is currently vacant and ready for immediate occupancy. Situated in New York County, this property offers high visibility and accessibility within a bustling community. The address is conveniently located at 40.796907 latitude and -73.934127 longitude. Ideal for a variety of culinary concepts, this property boasts a generous 958 square feet of usable space, providing ample room for both dining and kitchen operations. The single-tenant occupancy ensures complete control and customization of the space to perfectly match your business needs. This is a fantastic opportunity to establish a thriving restaurant in a dynamic and growing area of Manhattan. The property is classified as retail, specifically for restaurant use. The building's total square footage mirrors the vacant square footage, indicating a completely available space for lease. This turnkey location offers immediate access to a diverse customer base and significant potential for success. Don't miss this chance to secure a prime retail space in a highly sought-after neighborhood.

    Property Features for 402 118Th St

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    958 SF

    Unit(s) available at that property

    Space
    Ground Floor
    Size
    958 SF

    HighLights

    • Ample backyard space.
    • Existing restroom facilities.
    • HVAC ventilation capabilities.
    • Building is newly constructed.
    • One block from East River Plaza.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    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
    -73.934127
    Latitude
    40.796907

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    FAQs

    What type of property is this?
    Restaurant - 958 SF Restaurant Space - For Lease
    Where is this restaurant located?
    The property is located at 402 118Th St New York, NY.
    What are key features of this property?
    This property features: Ample backyard space.; Existing restroom facilities.; HVAC ventilation capabilities.
    Request Owner's contact information
    402 118Th St New York, NY 10035
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    New York, NY 10035
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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
    402 118Th St New York, NY 10035
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