Property profile

32 21St St New York, NY 10010

OFF-MARKET
Retail properties & Spaces
6,300 SF
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Property summary

AI-generated overview

This exceptional 6,300-square-foot restaurant is situated in the coveted Flatiron District of New York City, at 32 E 21st St, near Broadway. Currently operating as a full-service establishment, this property offers a unique opportunity for lease or sale. The space is meticulously designed, boasting a dramatic ambiance with preserved historic details. The layout encompasses a ground floor, mezzanine, and lower level, providing ample space for dining and operations. Key features include a fully vented kitchen with a 22-foot hood and gas line, a dedicated private dining room, and four restrooms. The current configuration comfortably accommodates 140 patrons, with potential for increased capacity. The existing tenant's lease expires at the end of 2024. This turnkey restaurant presents a rare chance to acquire a fully operational space in a prime Manhattan location. The asking price and lease terms are available upon request. Showings are strictly by appointment only

Property profile

Verified
Property type Retail properties & Spaces
Total area 6,300 SF

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
  • Restaurant

Location

32 21St St New York, NY 10010
New York metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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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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