Property profile

1650 St Nicholas Ave New York, NY 10040

OFF-MARKET
Retail properties & Spaces
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Property summary

AI-generated overview

This exceptional 2,500 square foot retail space, located at 1650 St. Nicholas Avenue in New York, NY 10040, presents a unique opportunity for a discerning tenant. The property is a single-tenant space ideally suited for a restaurant, boasting a substantial 55+ foot frontage on St. Nicholas Avenue, ensuring high visibility and significant foot traffic. The interior features a large, fully equipped kitchen with a 15-foot hood, ample gas lines with an unlocked meter, and a walk-in refrigerator box. The space includes a long bar capable of seating over 15 patrons and offers seating for over 60 diners. The restaurant is equipped with two full handicap-accessible bathrooms, plus a staff bathroom in the rear. The building's design incorporates full ADA compliance. The property benefits from a deep sidewalk, allowing for the possibility of a large sidewalk café. The space is essentially brand new, having only been operational for a few months, meaning all equipment and fixtures are in excellent condition. Landlord preference is given to experienced tenants with established businesses

Property profile

Verified
Property type Retail properties & Spaces

Cap rate & NOI

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

Location

1650 St Nicholas Ave New York, NY 10040
New York metro
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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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