Property profile

255 43Rd St New York, NY 10036

OFF-MARKET
Restaurants
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Property summary

AI-generated overview

This exceptional turnkey restaurant opportunity is located in the heart of Times Square, within the Midtown submarket of New York County. The space boasts a total of 7,000 square feet, strategically divided into 4,700 square feet of indoor space and 2,700 square feet of outdoor rooftop terrace. The property features a fully vented kitchen, equipped and ready for immediate operation. A full liquor license is already in place, eliminating a significant hurdle for prospective tenants. The space also includes a private glass elevator, providing convenient access to the rooftop. Dramatic views of the city are a key feature, making this location ideal for events and catering. The property is available as a single, 7,000 square foot space. There is no key money required, and rent is negotiable. Percentage rent is also a component of the lease structure. This fully built-out space presents a rare opportunity to establish a thriving restaurant business in one of the world's most iconic locations. The property is situated near Broadway, ensuring high visibility and foot traffic. Interested parties should inquire for rental rates.

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

Current use

Occupant on record · Public records
  • Hotel & Motel
  • Consultant
  • Hotel & Motel
  • Physician
  • Social Service Agency Charitable Organization

Location

255 43Rd St New York, NY 10036
New York metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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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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