14th 59Th St, New York, NY 10022
This exceptional commercial property, located on 2nd Avenue in the 50s in New York County, offers a rare opportunity for restaurant or retail businesses. The space totals 3,040 square feet and is currently entirely vacant, presenting a blank canvas for a discerning tenant. The property is configured to allow for multiple tenancies, with a minimum divisible space of 1,520 square feet and a maximum contiguous space of 1,520 square feet. This means the space can be leased as a single large unit or divided to accommodate two separate businesses. A key advantage is the existing, fully vented kitchen infrastructure, ideal for a restaurant operation. The location benefits from a high concentration of existing restaurants and a dense residential population, ensuring a strong customer base and high foot traffic. This presents an excellent opportunity for a business seeking a well-equipped, high-visibility space in a thriving neighborhood. The property's two levels provide ample room for both front-of-house and back-of-house operations, maximizing efficiency and creating a versatile layout. The property is ready for immediate occupancy. Serious inquiries only.
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.