957 2Nd Ave New York, NY 10022
- Retail residential properties
- 3,451 SF
- 0.04 lot acres
Current Use by Public Records
- Retail residential properties
Property Details for 957 2Nd Ave
- Year built
- 1900
- Lot size
- 0.04 lot acres
- Property size
- 3,451 SF
- Zone code
- C1-9
- Property type
- Retail residential properties
- APN
- 01324-0028
- APU
- 13240028
Description
This exceptional 1,520-square-foot restaurant space at 957 2nd Avenue in New York City's Midtown East offers a turnkey opportunity for immediate operation. Located in New York County, this single-tenant property boasts a fully built-out interior, including a state-of-the-art kitchen equipped with over 30 feet of venting. No key money is required, making this a highly attractive investment. The space also features a complete bar and a spacious lower level totaling 1,520 square feet. This lower level includes three walk-in refrigerators/freezers, one specifically designed for kegs, complete with existing soda gun and keg lines. The property benefits from a highly visible 15-foot frontage with an all-glass facade that fully opens, creating a welcoming and inviting atmosphere. Outdoor seating is available, providing additional capacity and appeal. Further enhancing the functionality is convenient cellar access. This exceptional property combines a prime Midtown East location with high-quality, ready-to-use amenities, making it an ideal opportunity for a discerning restaurateur. The zip code is 10022.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,835,000
- 6.5%
- $1,690,000
- 7%
- $1,570,000
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Location Insight
- Map
- Local Demand
- City
- New York
- County
- New York
- State
- New York
- Longitude
- -73.9685
- Latitude
- 40.7554
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
