746 10th Ave New York, NY 10019-7000
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.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
R8 · New York, NYCosts & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.