Property profile

8 48Th St New York, NY 10017

OFF-MARKET
Retail properties & Spaces
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Property summary

AI-generated overview

This exceptional 2,140 square foot retail space, located at 8 E 48th St in New York, NY 10017, presents a unique opportunity. Currently configured as a restaurant/cafe, this single-tenant property boasts 25 feet of frontage and offers a versatile layout. The main level encompasses approximately 2,140 square feet, while a sizable 1,500 square foot lower level provides ample cold storage and prep/storage areas. The space is fully vented and equipped with HVAC and a gas line, ensuring efficient operation. Previous tenants successfully utilized sidewalk seating, a feature readily available to future occupants. The property benefits from a prime location, adjacent to a newly opened boutique hotel, promising high foot traffic and visibility. The partially built-out interior offers a head start for prospective tenants, minimizing initial setup costs. Note that the listed rate may not include certain utilities, building services, and property expenses. This is an ideal location for a discerning restaurateur or cafe owner seeking a well-appointed space in a thriving New York City neighborhood. The property is situated in New York County.

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
  • Spiritual Center
  • Spiritual Center
  • Business Administration Service
  • Bar & Pub Restaurant
  • Spiritual Center

Location

8 48Th St New York, NY 10017
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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