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    FOR LEASE
    Retail residential properties

    807 9Th Ave, New York, NY 10019

    11,150 SF 0.07 ac lot Built 1901
    Entity Owned 29-yr Hold ~ Est. High Equity
    Property ID
    US63-2864150
    Property summary
    AI-generated overview

    This exceptional 2,000-square-foot restaurant and bar located at 807 9th Avenue in New York City's vibrant Hell's Kitchen neighborhood presents a unique investment opportunity. Currently operating as a single-tenant establishment, the property boasts a fully built-out interior, ready for immediate operation. The inviting layout is perfectly suited for a thriving nightlife venue, with a design that complements the area's eclectic atmosphere. A full-service kitchen, complete with gas and venting systems, is ideal for preparing a wide variety of high-quality menu items. Ample cold storage is ensured with multiple walk-in boxes, capable of supporting high-volume operations and maintaining seamless service. The distinctive layout and design create a unique and charming space that stands out in the competitive market. The property's current month-to-month tenancy offers flexibility for potential buyers, allowing for quick occupancy and the opportunity to negotiate tailored lease terms. This turnkey operation is situated in the highly desirable 10019 zip code, offering excellent visibility and accessibility. This is an exceptional chance to acquire a thriving business in a prime location.

    Property profile
    Verified
    Property type Retail residential properties
    Use group STORES & APARTMENTS
    Year built 1901
    Total area 11,150 SF
    Lot 0.07 ac (3,125 SF)
    Zoning code R8
    APN 01063-0032
    UPID US63-2864150
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • River Valley Garages Construction Company
    • Locanut Restaurant
    • Bar Nine Bar & Pub
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $3.06M
    Owner & transaction history
    Ora LLC · 29 yrs held
    Ora LLC
    since 1997
    7 recorded transactions
    2022
    2011
    1997
    $590,000
    1997
    $490,000
    1969
    1969
    1969
    Zoning & alternative use
    R8 · New York, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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