1379 3Rd Ave New York, NY 10075
This exceptional 1,600 square foot commercial space, located at 1379 Third Avenue between 78th and 79th Streets in New York City, presents a unique opportunity. The property boasts a desirable Class A designation within New York County and is ideally suited for a restaurant, retail, or office use. The layout comprises approximately 1,100 square feet on the ground floor and an additional 500 square feet in the basement. Benefitting from a 14-foot frontage on 3rd Avenue, the space enjoys high pedestrian traffic. Key features include a fully vented kitchen, perfect for food service businesses, along with air conditioning and an all-glass storefront for optimal visibility. The property is immediately available for a 10-year lease term. The vibrant neighborhood is anchored by high-profile tenants such as Charles Schwab, JP Morgan Chase, Wells Fargo, and numerous other established businesses, ensuring a strong customer base. This location offers immediate possession and is ready for your business to thrive. The building itself also houses a diverse mix of tenants, including Cohen's Optical, a juice bar, and H&R Block.
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Water & Wheat Restaurant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.