Property profile

159 Canal St New York, NY 10013

OFF-MARKET
Retail properties & Spaces
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Property summary

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

Current use

Occupant on record · Public records
  • Restaurant
  • Crisis Center Medical Clinic
  • Bank Loan Service

Location

159 Canal St New York, NY 10013
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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