Property profile

1691 Broadway New York, NY 10019

OFF-MARKET
Retail properties & Spaces
16,500 SF Built 1925
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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

Current use

Occupant on record · Public records
  • Construction Company General Contractor
  • Atm
  • Hardware & Home Improvement Production Facility
  • Atm
  • Restaurant

Location

1691 Broadway New York, NY 10019
New York metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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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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