818 10Th AveNew York, NY 10019
- Retail residential properties
- 12,330 SF
Property Details for 818 10Th Ave
- Year built
- 1910
- Lot size
- 0.08 AC
- Property size (Sq ft)
- 12,330 SF
- Zone code
- C6-2
- Property type
- Retail residential properties
- APN
- 01064-0004
- APU
- 10640004
Description
This exceptional restaurant opportunity is located on bustling Tenth Avenue in New York City, zip code 10019. The property boasts a total area of 1,250 square feet, encompassing a main floor space and a substantial 800-square-foot basement. The basement features a walk-in refrigerator, a dedicated prep area, an office, and an employee bathroom, providing ample storage and operational space. The main floor is designed for optimal customer experience, with glass French doors that fully open to the street, creating a welcoming and inviting atmosphere. A significant advantage is the presence of a fully installed and vented hood system, ready for immediate restaurant operation. Furthermore, the property includes a sizable outdoor garden area, perfect for expanding seating capacity and enhancing the dining experience. This high-traffic location on Tenth Avenue ensures excellent visibility and accessibility for customers. The single-tenant occupancy provides flexibility and control for the new owner. This turnkey restaurant space is ready for immediate use and presents a unique opportunity for a thriving culinary business in a prime New York City location.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $2,324,130
- 6.5%
- $2,145,350
- 7%
- $1,992,110
-
Comparable approach
- Method
- Valuation
- Relative Method
- $1,643,260
- Geo Method
- $1,643,260
-
Alternative Use
- Use
- Valuation
- Industrial / Distribution
- $4,198,600
- Retail / Commercial
- $2,153,020
- Hospitality / Lodging
- $1,573,970
- Office
- $2,132,600
- Institutional / Educational
- $2,230,300
- Residential Income
- $2,609,450
- Multifamily
- $3,129,630
- Automotive / Energy
- $1,911,680
- Parking / Income-Based Land
- $659,699
- Restaurant / Food Service
- $1,115,810
- Healthcare / Senior Housing
- $2,200,010
Location Insight
- City
- New York
- County
- New York
- State
- New York
- Latitude
- 40.7673
- Longitude
- -73.9895
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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