654 9Th Ave New York, NY 10036

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.