Property summary
This exceptional turnkey restaurant opportunity is located in the highly desirable Gramercy Park neighborhood of New York City, within the Flatiron submarket cluster. The property, situated at 280 Park Avenue South, zip code 10010, boasts a substantial 14,000 square feet of space, ideal for a variety of culinary and entertainment ventures. Currently configured as a single-tenant restaurant, the space is ready for immediate occupancy, eliminating the need for extensive renovations. Key features include high ceilings, contributing to a spacious and impressive atmosphere, and a fully vented kitchen, equipped to handle high-volume food preparation. The property's prime location in Gramercy Park ensures high visibility and foot traffic, attracting a diverse clientele. The monthly rent is $233,000. This is a rare chance to acquire a well-established, fully operational restaurant in one of Manhattan's most sought-after neighborhoods. The property's historic character adds to its unique appeal, offering a blend of classic charm and modern functionality. This turnkey operation presents a significant opportunity for an experienced restaurateur or investor seeking a profitable venture in a vibrant and dynamic location. The property is classified as a Restaurant and Special Purpose property.
Property profile
VerifiedCap rate & NOI
Current use
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Real Estate Agency
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Employment Agency
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Marketing & Advertising
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Law Firm
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Bank
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
C5-3 · New York, NYZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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- Property Ownership
- Basic report summary
- Property Insight Report
- Value Estimation
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- Location Intelligence
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- Ownership
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- Property Insight Report
- Value Estimation
- Cap Rate Calculation
- Location Intelligence
- Business Placement
- Ownership
- Zoning