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109 1St Ave New York Manhattan, NY 10003

Retail residential properties Google Maps
5,705 SF 0.04 ac lot Built 1910
Entity Owned 3-yr Hold ~ Est. High Equity
Estimated value (blended)
$13.06M
Range $11.75M – $14.36M (±10%)
Property ID US63-3587432

Property summary

AI-generated overview

This exceptional 1,000-square-foot restaurant space is located at 109 First Avenue, between 6th and 7th Streets in the vibrant East Village. Currently occupied by SenYa Japanese Restaurant, this fully built-out second-generation space boasts a liquor license, making it an ideal opportunity for a seamless transition. The space features a 12-foot frontage, a full basement, gas and hood venting, and a working HVAC system. Its prime location on a busy First Avenue corridor is surrounded by a thriving culinary scene, including notable neighbors such as Upstate Craft Beer, Emmy Squared Pizza, and Raku, ensuring high foot traffic and visibility. The addition of Adda (Unapologetic Foods) opening next door further enhances the location's appeal. Convenient access to the 4, 5, 6, and L subway lines provides excellent transportation options for both staff and patrons. The space will be available December 31, 2024. Asking rent is available upon request. This turnkey restaurant space presents a rare opportunity to establish or relocate your business in one of Manhattan's most sought-after neighborhoods. Don't miss this chance to capitalize on the East Village's dynamic food scene.

Property profile

Verified
Property type Retail residential properties
Use group STORES & APARTMENTS
Year built 1910
Total area 5,705 SF
Lot 0.04 ac (1,746 SF)
Zoning code R7A
APN 00448-0029
UPID US63-3587432

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
  • Restaurant
  • (Bike/Boat/Book/etc) Store
  • Restaurant
  • Atm

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$13.06M

Owner & transaction history

since 2023
Last sale
$13.8M
1 recorded transaction
2023
$13.8M

Zoning & alternative use

R7A · New York, NY

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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