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    OFF-MARKET
    Retail properties & Spaces

    720 2Nd Ave, New York, NY 10016

    Property ID
    Property summary
    AI-generated overview

    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.

    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • 39 K Food Food Market Restaurant
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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