0 Ground Floor Restaurant Space On 3 Ave, New York, NY 10016
This exceptional ground floor restaurant space, located in the vibrant Kips Bay neighborhood on Third Avenue, offers approximately 1,600 square feet of prime retail space. Ideal for a restaurant operator, the property features a sizable 500 square foot kitchen equipped with gas appliances including an oven, grill, steamer, and fryer. Two half-bathrooms are included, although one is currently used as a closet. The space boasts immediate occupancy and a negotiable lease term. The monthly rent is $18,050, translating to $135 per square foot. The property is offered in "as is" condition. While taxes and utilities are not specified, the landlord is not offering any tenant improvements. All dimensions are approximate; prospective tenants should conduct their own due diligence to verify measurements. Please note that all information provided is subject to errors, omissions, changes in price, prior sale or lease, or withdrawal without notice.
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
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.