Property profile

23 Avenue B New York, NY 10009

OFF-MARKET
Restaurants
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Property summary

AI-generated overview

This exceptional restaurant opportunity is located in the vibrant East Village at 23 Avenue B, New York, NY 10009. The ground floor space boasts approximately 2,000 square feet, perfect for a variety of culinary concepts. The property features 24 feet of frontage on Avenue B, ensuring high visibility and foot traffic. A significant incentive is being offered to the new tenant: six months of tenant improvements ($120,000) and six months of free rent. All uses are considered, subject to approval, making this a versatile space for a wide range of businesses. The property is ready for immediate occupancy, and the existing infrastructure includes crucial restaurant features such as a functioning venting system and a gas line already in place. The basement provides valuable storage space. The monthly rent is $24,000, and lease terms are negotiable. This is a rare chance to secure a prime location in one of Manhattan's most sought-after neighborhoods. Don't miss this opportunity to establish your business in this thriving area. Contact us today to schedule a viewing.

Property profile

Verified
Property type Restaurants

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store
  • Restaurant
  • Restaurant

Location

23 Avenue B New York, NY 10009
New York metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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