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    OFF-MARKET
    Retail properties & Spaces

    1691 Broadway, New York, NY 10019

    16,500 SF Built 1925
    Property ID
    Property summary
    AI-generated overview

    This exceptional turnkey pizzeria opportunity is located on a prime corner at the intersection of Broadway and West 53rd Street, nestled in the vibrant Times Square submarket of Midtown Manhattan, New York County. The property, housed in a Class C building constructed in 1925, offers a single-tenancy retail space ideal for a restaurant or similar business. The ground floor encompasses approximately 500 square feet, complemented by an additional 400 square feet of basement space. Boasting an impressive 38 feet of wraparound frontage, this location provides exceptional visibility and accessibility for potential customers. The high ceilings, measuring 14 feet, contribute to a spacious and inviting atmosphere. The property includes essential features such as HVAC, an ADA-compliant bathroom, and the possibility of sidewalk seating, enhancing its operational efficiency and customer experience. "Times Square style" LED signage is available at an additional cost, providing a further opportunity to enhance brand visibility within this high-traffic area. The total building square footage is 16,500 square feet. Possession can be arranged. This is a rare chance to acquire a well-established business in one of the world's most iconic locations.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Year built 1925
    Total area 16,500 SF
    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
    • Metropolitan Improvements Construction Company General Contractor
    • ATM 24 Atm
    • Sliding Closet Barn Doors Hardware & Home Improvement Production Facility
    • LibertyX Bitcoin ATM Atm
    • Food City Cafe and pizza Restaurant
    Value estimations
    Realmo proprietary · 4 methods
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    by Request
    CAP Approach CAP
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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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