720 2Nd Ave, New York, NY 10016
This exceptional investment opportunity presents a thriving deli located at 720 2nd Avenue in Midtown Manhattan, New York County. The property boasts a total of 2,692 square feet of retail space, strategically divided between a 1,346 square foot ground floor and an equally sized 1,346 square foot basement. The basement is vented, providing optimal functionality for a food service operation. A significant advantage is the inclusion of an 800 square foot outdoor patio, perfect for expanding seating capacity and enhancing the customer experience. Currently operating as a successful and profitable deli, this turnkey business offers immediate income potential. The existing liquor license will transfer to the new owner, adding considerable value and revenue streams. Detailed financial information, including income and key money, is available upon request. This prime location in Midtown ensures high foot traffic and visibility, making it an ideal investment for a discerning buyer seeking a profitable and established business in a highly desirable area. The single-tenant occupancy simplifies management and ensures consistent revenue generation. This is a rare opportunity to acquire a well-established, profitable business with significant growth potential in a prime Manhattan location.
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39 K Food Food Market Restaurant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.