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OFF-MARKET
Restaurants

533 11Th Ave New York, NY 10018

Property ID
Property summary
AI-generated overview

This exceptional restaurant opportunity presents a unique chance to acquire a thriving business in a highly desirable New York City location. The 1,500 square foot space boasts a full liquor license, allowing for a comprehensive beverage program. The property includes an outdoor seating area, perfectly complementing the stunning waterfront views. Currently operating under a six-year lease assignment, this offering presents a below-market rent, providing significant financial upside. Situated on 42nd Street, the restaurant enjoys a prime position across from the Hudson River waterfront, placing it within easy reach of major attractions. Neighbors include Pier 84 at Hudson River Park and La Barca Cantina, ensuring high foot traffic and a vibrant atmosphere. The property is located steps away from the Intrepid Museum, Javits Center, and Hudson Yards, guaranteeing a diverse and substantial customer base. The building itself is classified as Class A, reflecting its high quality and modern amenities. This turnkey operation in a high-traffic, iconic location offers an unparalleled investment opportunity for discerning restaurateurs seeking a well-established business with significant growth potential. The single-tenant occupancy simplifies management and ensures consistent revenue streams. This is a rare chance to secure a prime waterfront restaurant space in one of New York City's most dynamic neighborhoods. The existing lease assignment provides immediate operational access and a clear path to profitability. Don't miss this exceptional opportunity to own a piece of New York City's vibrant culinary scene.

Property profile
Verified
Property type Restaurants
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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