Property profile

920 2Nd Ave New York, NY 10017

OFF-MARKET
Retail properties & Spaces
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Property summary

AI-generated overview

This exceptional retail opportunity presents a fully-equipped, 3,300 square foot Asian restaurant space on 2nd Avenue in New York County. The property boasts a spacious 1,650 square foot ground floor area, perfectly suited for customer dining and service, complemented by an equally sized 1,650 square foot basement. The basement provides ample storage and operational space, crucial for a successful restaurant operation. The space is in excellent condition and is fully vented, eliminating the need for costly upgrades or renovations. This turnkey solution allows for immediate occupancy and commencement of business operations, minimizing downtime and maximizing return on investment. The single-tenant occupancy ensures exclusive control and operational freedom. The property's location on 2nd Avenue offers high visibility and foot traffic, ideal for attracting a diverse customer base. This is a rare opportunity to acquire a well-maintained, fully functional restaurant space in a prime Manhattan location. The existing infrastructure and ventilation system are in place, making this a truly move-in ready establishment. This property is perfect for an established restaurant looking to expand or a new venture seeking a ready-made space in a high-demand area. The significant square footage provides ample room for both front-of-house and back-of-house operations, ensuring efficient workflow and customer service. Don't miss this chance to secure a thriving business location in the heart of New York City.

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
  • Nightclub Bar & Pub

Location

920 2Nd Ave New York, NY 10017
New York metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Comparable Approach Comparable
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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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