215 4Th St New York, NY 10009
- Restaurants
Current Use by Public Records
- Self / Software Company
- WanderLust Fashion LLC / Consultant
- THE IZAKAYA NYC on 4th / Japanese Restaurant / Izakaya Restaurant
Property Details for 215 4Th St
- Property type
- Restaurants
Description
This exceptional East Village restaurant presents a unique investment opportunity. Located at 215 East 4th Street, between Avenue A and Avenue B, this single-tenant property boasts a charming atmosphere and a strong existing business. The main floor encompasses approximately 800 square feet, complemented by a sizable approximately 1,000 square foot basement. The space comfortably seats 39 patrons (34 main floor, 5 contour). The current tenant holds a valid liquor license with a 12:00 AM closing time. The current lease has 6 years remaining, with a favorable option to renew for an additional 10 years, totaling 16 years. Rent is currently $6,895.85 per month, inclusive of property taxes. Additional rent covers the tenant's proportional share of utilities (gas, electric, and water). At lease renewal, rent will increase by only 3%, mirroring previous increases. The key money is $245,000. This represents a compelling investment with significant long-term potential in a highly desirable Manhattan location. Don't miss this chance to acquire a thriving restaurant business with a secure lease.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- New York
- County
- Saratoga
- State
- New York
- Longitude
- -73.9834
- Latitude
- 40.7239
