138 34Th St New York, NY 10016
- Investment properties
- 7,035 SF
- 0.05 lot acres
Current Use by Public Records
- New York City Gifts & Luggage / Gift Shop
- JinYu.spa & Wellness LLC(Original address: 169 Lextoning ave ) / Spa
- JinYu Spa / Spa / Facial Spa
- The Daily Bugle / Newspaper Publisher
- Shokudo 34 / Ramen Restaurant / Udon Noodle Restaurant
Property Details for 138 34Th St
- Year built
- 1910
- Lot size
- 0.05 lot acres
- Property size
- 7,035 SF
- Zone code
- C1-9
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 00889-0062
- APU
- 8890062
Description
This exceptional 1,900-square-foot restaurant space in New York County is available for lease. The property is a single-tenant retail space, perfectly suited for an immediate restaurant opening. The space is fully built-out, eliminating the significant time and expense associated with build-outs, allowing for a rapid commencement of operations. A key advantage is the absence of a key money requirement, making this an attractive opportunity for prospective tenants. The monthly rent is $14,900, with a security deposit equivalent to six months' rent. A good guy guarantee is required, and the tenant is responsible for paying the commission. The property includes a full basement, offering additional storage or operational space. This turnkey solution presents a rare opportunity to establish a thriving restaurant business in a prime New York City location without the usual upfront capital investment hurdles. The property's existing build-out significantly reduces the time to market, allowing for a quicker return on investment. This is an ideal location for a restaurant operator seeking a move-in ready space in a high-traffic area of New York County. The absence of key money makes this a particularly attractive proposition for businesses seeking to minimize initial financial commitments. The six-month security deposit provides a level of security for the landlord, while the good guy guarantee offers additional assurance. This fully built-out space represents a significant opportunity for a restaurant seeking a prime location in New York County.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- New York
- County
- New York
- State
- New York
- Longitude
- -73.9795
- Latitude
- 40.746
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
