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    720 2Nd Ave New York, NY 10016

    Sponsored
    For Lease
    $100,800

    Established Deli, High-Traffic Location, Liquor License Included

    Lot size:
    1,363 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a thriving deli located at 720 2nd Avenue in Midtown Manhattan, New York County. The property boasts a total of 2,692 square feet of retail space, strategically divided between a 1,346 square foot ground floor and an equally sized 1,346 square foot basement. The basement is vented, providing optimal functionality for a food service operation. A significant advantage is the inclusion of an 800 square foot outdoor patio, perfect for expanding seating capacity and enhancing the customer experience. Currently operating as a successful and profitable deli, this turnkey business offers immediate income potential. The existing liquor license will transfer to the new owner, adding considerable value and revenue streams. Detailed financial information, including income and key money, is available upon request. This prime location in Midtown ensures high foot traffic and visibility, making it an ideal investment for a discerning buyer seeking a profitable and established business in a highly desirable area. The single-tenant occupancy simplifies management and ensures consistent revenue generation. This is a rare opportunity to acquire a well-established, profitable business with significant growth potential in a prime Manhattan location.

    Property Features for 720 2Nd Ave

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,363 SF
    Total Rate
    100800

    Unit(s) available at that property

    Space
    Size
    1,363 SF
    Rate per SF
    $100,800

    HighLights

    • Prime Midtown Manhattan deli for sale.
    • Profitable, established deli business included.
    • 1,363 square feet, ground floor and basement space.
    • 800 square foot outdoor patio.
    • Liquor license included in sale.
    • Financial details available upon request.
    Property Profile Location Intelligence

    Current Use by Public Records

    39 K Food Deli

    Suggested Use

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

    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
    -73.9735112
    Latitude
    40.747607

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    FAQs

    What type of property is this?
    Retail property - Established Deli, High-Traffic Location, Liquor License Included
    Where is this retail property located?
    The property is located at 720 2Nd Ave New York, NY.
    What is the lease rate?
    The lease rate is $100,800.
    What are key features of this property?
    This property features: Prime Midtown Manhattan deli for sale.; Profitable, established deli business included.; 1,363 square feet, ground floor and basement space.
    Request Owner's contact information
    720 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
    720 2Nd Ave New York, NY 10016
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