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    311 2Nd Ave New York, NY 10003

    For Lease
    Contact for pricing

    Prime Corner, Fully Equipped, High Visibility

    Lot size:
    1,600 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    This exceptional restaurant opportunity is located at 311 2nd Avenue in the vibrant Gramercy Park neighborhood of New York City. The property boasts a prime corner location offering excellent street visibility and foot traffic. The space totals 1,600 square feet, including a full basement, providing ample room for operations and storage. The restaurant is currently operating as a tenant, but the space is available for lease. The fully equipped kitchen features a 22-foot hood, ensuring efficient food preparation. Two bathrooms are conveniently located within the premises. The property benefits from a full liquor license with a 12 AM closing time, allowing for extended operating hours. The current monthly rent is $11,236, with a lease term of 6.5 years remaining, plus two five-year renewal options. Key money is required. This turnkey operation presents a unique chance to establish or expand a successful restaurant business in a highly desirable location. The property's excellent condition and prime location make it an attractive investment opportunity. Serious inquiries only.

    Property Features for 311 2Nd Ave

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,600 SF

    Unit(s) available at that property

    Space
    Size
    1,600 SF

    HighLights

    • Prime corner location in Gramercy Park, NYC with excellent street visibility and foot traffic.
    • 1,600 square foot restaurant space with full basement for ample storage.
    • Fully equipped kitchen featuring a 22‑foot hood.
    • Two bathrooms.
    • Full liquor license with a 12 AM closing time.
    • $11,236 monthly rent, 6.5 years remaining on lease with two 5‑year renewal options; key money required.
    Property Profile Location Intelligence

    Current Use by Public Records

    Topia Newstand Tobacco Shop Manhattan Indian Flavor Bar

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market 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
    -73.9833533
    Latitude
    40.7350623

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    FAQs

    What type of property is this?
    Restaurant - Prime Corner, Fully Equipped, High Visibility
    Where is this restaurant located?
    The property is located at 311 2Nd Ave New York, NY.
    What are key features of this property?
    This property features: Prime corner location in Gramercy Park, NYC with excellent street visibility and foot traffic.; 1,600 square foot restaurant space with full basement for ample storage.; Fully equipped kitchen featuring a 22-foot hood.
    Request Owner's contact information
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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
    311 2Nd Ave New York, NY 10003
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