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746 10th Ave New York, NY 10019-7000

OFF-MARKET Retail residential properties Google Maps
6,082 SF 0.04 ac lot Built 1900
Entity Owned 6-yr Hold ~ Est. High Equity
Estimated value (blended)
$365k
Range $329k – $402k (±10%)
Property ID US63-0832011

Property summary

AI-generated overview

This exceptional Korean restaurant opportunity is situated at 746 10th Avenue in Manhattan, New York, a vibrant Midtown location boasting high foot traffic. Its prime position near Times Square and Central Park places it within a dense concentration of diverse dining establishments, including other Asian restaurants, Spanish restaurants, delis, and nail salons. This synergistic environment fosters natural cross-promotion and attracts a steady stream of customers. The restaurant benefits from its proximity to commercial buildings with condominiums and a convenient location near a train/bus station, ensuring a robust lunch and dinner crowd. The rear of the property is bordered by residential neighborhoods, providing additional customer access. The restaurant itself is impeccably maintained and requires no repairs, allowing for immediate operation without any additional capital investment. A substantial storage area in the basement adds to its operational efficiency. The current setup is already successful, and the potential for significant sales growth is substantial, particularly with the acquisition of a liquor license. This is a truly turnkey opportunity for a discerning buyer seeking a profitable and established business in a highly desirable Manhattan location.

Property profile

Verified
Property type Retail residential properties
Use group STORES & APARTMENTS
Year built 1900
Total area 6,082 SF
Lot 0.04 ac (1,856 SF)
Zoning code R8
APN 01060-0062
UPID US63-0832011

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
  • Pharmacy
  • Pharmacy
  • Restaurant Buffet
  • Restaurant

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$365k

Owner & transaction history

since 2019
6 recorded transactions
2019
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

R8 · 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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