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    Retail properties & Spaces

    159 Canal St, New York, NY 10013

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    AI-generated overview

    This exceptional turnkey hotpot restaurant opportunity is located at 159 Canal Street, 2nd Floor, in the vibrant Chinatown neighborhood of New York City (zip code 10013). Currently operating as Da Long Yi Hot Pot, this well-established business boasts a seating capacity of up to 80 guests, making it ideal for a thriving clientele. The asking rent is $32,836.44 per month. The property is a single-tenancy retail space, perfectly suited for a restaurant operation. The space is fully equipped with gas and a fully vented kitchen, ensuring efficient and safe operation. The restaurant benefits from a prime location in a busy commercial area with high foot traffic, guaranteeing significant visibility and customer flow. The interior is stylish and cozy, featuring authentic décor that creates a welcoming atmosphere for diners. The key money for this established business is $380,000. This turnkey operation presents a unique opportunity for an experienced restaurateur to step into a profitable and well-regarded establishment in a highly desirable location. The well-lit space offers a comfortable and inviting ambiance for patrons. This is a rare chance to acquire a successful, established business in the heart of New York City's Chinatown.

    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Da Long Yi Hot Pot Restaurant
    • Unitedhealthcare Crisis Center Medical Clinic
    • Cathay Bank Bank Loan Service
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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