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    159 Canal St New York, NY 10013

    For Lease
    $32,836

    Established Hotpot Restaurant, High Traffic Area

    Lot size:
    4,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional turnkey hotpot restaurant opportunity is located at 159 Canal Street, 2nd Floor, in the vibrant Chinatown neighborhood of New York City (zip code 10013). Currently operating as Da Long Yi Hot Pot, this well-established business boasts a seating capacity of up to 80 guests, making it ideal for a thriving clientele. The asking rent is $32,836.44 per month. The property is a single-tenancy retail space, perfectly suited for a restaurant operation. The space is fully equipped with gas and a fully vented kitchen, ensuring efficient and safe operation. The restaurant benefits from a prime location in a busy commercial area with high foot traffic, guaranteeing significant visibility and customer flow. The interior is stylish and cozy, featuring authentic décor that creates a welcoming atmosphere for diners. The key money for this established business is $380,000. This turnkey operation presents a unique opportunity for an experienced restaurateur to step into a profitable and well-regarded establishment in a highly desirable location. The well-lit space offers a comfortable and inviting ambiance for patrons. This is a rare chance to acquire a successful, established business in the heart of New York City's Chinatown.

    Property Features for 159 Canal St

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    4,000 SF
    Total Rate
    32836

    Unit(s) available at that property

    Space
    Size
    4,000 SF
    Rate per SF
    $32,836

    HighLights

    • $380,000 Key Money, $32,836.44 Monthly Rent.
    • Turnkey Chinatown Hot Pot Restaurant, seating 80.
    • Fully vented, gas‑powered kitchen.
    • High‑traffic, busy commercial location.
    • Established business (Da Long Yi Hot Pot).
    • Attractive, well‑lit interior with authentic décor.
    Property Profile Location Intelligence

    Current Use by Public Records

    Da Long Yi ... Hot Pot Restaurant Unitedhealthcare Mental Health Service Cathay Bank Bank

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Food Market Clothing Store 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
    -73.9968227
    Latitude
    40.7166496

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    FAQs

    What type of property is this?
    Restaurant - Established Hotpot Restaurant, High Traffic Area
    Where is this restaurant located?
    The property is located at 159 Canal St New York, NY.
    What is the lease rate?
    The lease rate is $32,836.
    What are key features of this property?
    This property features: $380,000 Key Money, $32,836.44 Monthly Rent.; Turnkey Chinatown Hot Pot Restaurant, seating 80.; Fully vented, gas-powered kitchen.
    Request Owner's contact information
    159 Canal St New York, NY 10013
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    New York, NY 10013
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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
    159 Canal St New York, NY 10013
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