Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Manhattan, NY 11216 Manhattan, NY 11216

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Second-generation type-1 vented restaurant with new gas line.

    Type:Retail
    Added:
    Jan 27, 2026
    Days on Market:
    65
    Last Refresh:
    Mar 25 at 11:41 pm

    Property Features

    General Information

    Standard status
    Active
    Property subtype
    Retail

    Spaces For Lease

    Contact us

    We can help!

    Listing Contact
    Andrew Stern
    Andrew Stern

    Listing agent Andrew Stern

    Listing office Newmark - Corporate

    Listing date Jan 27, 2026

    Source Nmrk

    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 Newmark - Corporate

    Overview

    Vented Restaurant Space Available

    This is a second-generation type-1 vented restaurant space featuring a newly installed 5" gas line. Situated on the southeast corner of East 30th Street, the property benefits from a dense residential, office, and student population due to its proximity to Baruch College, the School of Visual Arts, and Yeshiva Women’s College. The space includes a prep area in the basement, accessible via a dedicated outdoor staircase for loading and deliveries. There is also potential for outdoor seating.
    Location Intelligence

    Current Use by Public Records

    Conventional restaurants

    Similar Places Nearby

    • Catering NYC — 85 Broad St, New York, NY 10004
    • Jackmonkey catering — 114 Pearl St, New York, NY 10005
    • Luke's Lobster Brooklyn Bridge Park — 11 Water St, Brooklyn, NY 11201
    • Masterpiece Caterers — 55 Water St, New York, NY 10041
    • Luke's Lobster FiDi — 26 S William St, New York, NY 10004

    Map

    City
    Manhattan
    County
    New York
    State
    New York
    Longitude
    -73.9492
    Latitude
    40.6806

    Nearby Similar for Lease

    • Contact for pricing

      Manhattan Office Suite For Rent

      Bright, private office suite with utilities included and flexible terms.
      115 W 29th Street unit: 809, New York (Manhattan), NY 10001
      View Details
    • Contact for pricing

      Bright Manhattan Office Suite

      Furnished options, conference room, and all utilities included in rent.
      115 W 29th Street unit: 807, New York (Manhattan), NY 10001
      View Details
    • Contact for pricing

      Turnkey Medical Office on Broadway

      Fully built-out medical office space in prime location for lease.
      5037 Broadway unit: 1, New York (Manhattan), NY 10034
      View Details
    • Contact for pricing

      Upper West Side Office Space

      First-floor office space near Central Park on Upper West Side.
      23 W 73rd Street unit: Fe, New York (Manhattan), NY 10023
      View Details
    • Contact for pricing

      Renovated Commercial Space with Backyard

      Prime location, customizable layout, ideal for retail or office.
      344 E 116th Street unit: 1, New York (Manhattan), NY 10029
      View Details
    • $99,000/mo

      East Village Turnkey Cafe Space

      Turnkey cafe space in prime East Village location for rent.
      27 Saint Marks Place, New York (Manhattan), NY 10003
      View Details
    • Contact for pricing

      East Harlem Storefront on 2nd Avenue

      Prime retail space in East Harlem with high visibility.
      2296 2nd Avenue unit: 1, New York (Manhattan), NY 10035
      View Details
    • $24,000/mo

      Retail Space with Vented Basement

      Retail space with vented basement available for rent.
      164 E 33rd Street, New York (Manhattan), NY 10016
      View Details
    • Contact for pricing

      Turnkey Medical Office on Broadway

      Fully built-out medical office space for lease in prime location.
      5037 Broadway, New York (Manhattan), NY 10034
      View Details
    • $22,000/mo

      Yorkville Retail/Service Space Available

      Turnkey retail/service space in Manhattan's Yorkville neighborhood.
      First Avenue 1779 unit: Ground Floor, New York (Manhattan), NY 10128
      View Details
    • Contact for pricing

      Retail Space in Manhattan, NY

      Retail space for rent in New York (Manhattan), NY.
      54 E 125th Street, New York (Manhattan), NY 10035
      View Details
    • Contact for pricing

      Chatham Square Office Space

      Office suites available for lease in Chinatown, Manhattan.
      7 Chatham Square unit: 610, New York (Manhattan), NY 10038
      View Details

    FAQs

    What type of property is this?
    Restaurant - Second-generation type-1 vented restaurant with new gas line.
    Where is this restaurant located?
    The property is located at Manhattan, NY.
    What are key features of this property?
    This property features: Type‑1 vented restaurant with newly installed 5” gas line.; High‑density residential, office, and student population.; Southeast corner location on East 30th Street.
    (212) 351-9353
    We can help!
    Listing Contact
    Andrew Stern
    Andrew Stern
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!