654 9th Ave New York, NY 10036-3678
Property profile & analytics
654 9th Ave New York, NY 10036-3678
- Retail residential properties
- 4,240 SF
- 0.03 lot acres
Property ID
US63-3898134
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Nan Xiang Express - Hell's Kitchen, NY / Restaurant
Property Details for 654 9th Ave
- Year built
- 1920
- Lot size
- 0.03 lot acres
- Property size
- 4,240 SF
- Zone code
- R8
- Property type
- Retail residential properties
- APN
- 01036-0163
- APU
- 10360163
Description
This exceptional 4,240-square-foot restaurant space at 654 9th Avenue in New York, NY 10036 presents a lucrative investment opportunity. Located in a vibrant New York City neighborhood, this fully built-out restaurant and bar boasts a strong net operating income (NOI) of $335,831.04. The property, built in 1920, is a four-story building with a ground floor of 1,200 square feet. The lot dimensions are 20' x 63', and the building features a 51-foot roof height. Significant potential exists due to an unused floor area ratio (FAR) of 3,339. The property is zoned R8, C1-5/8c and is classified as Tax Class 2B, with annual property taxes amounting to $86,313. This established restaurant offers immediate income generation and substantial upside potential for expansion or redevelopment given the considerable unused FAR. The property's prime location and strong financial performance make it an attractive investment for discerning buyers seeking a high-return opportunity in the competitive New York City market. This is a rare chance to acquire a well-established, profitable restaurant with significant development potential in a highly desirable area. The property's history and current configuration provide a solid foundation for continued success or creative repositioning.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $2,255,000
- 6.5%
- $2,080,000
- 7%
- $1,930,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- New York
- County
- New York
- State
- New York
- Longitude
- -73.9907
- Latitude
- 40.7607
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$102,872
$209,099
$613,743
$822,842
-
$725,000
$2,128,000
$2,853,000
