Property summary
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
VerifiedCap rate & NOI
Current use
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Spiritual Center
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Spiritual Center
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Business Administration Service
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Bar & Pub Restaurant
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Spiritual Center
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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