Restaurant in Midtown Manhattan, New York, USA

Additional information is provided after the signing of an NDA

Restaurant in Midtown Manhattan, New York, USA

$4,000,000
$43,010 /m²
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  • Total area
    93 m²
  • Yield
    5.7 %
  • Rental rate (m²/month)
    $197
Details
Financial performance
  • Annual income: $220,800
Tenants
  • Fully let
  • End of lease: 2027

A restaurant with a long-term lease agreement in Midntown Manhattan.

Description

A restaurant on the ground floor.

The restaurant area is 1000 square feet.

The length of the street facade is 15 feet (4.6 m).

Financial performance

The cost of the property is 4,000,000 $.

The absolute annual income is 228,100 $.

The current yield of 5,7%.

Tenants

The tenant is an Indian restaurant.

The lease agreement is valid until 2027 (with indexation).

Location

The property is located in the prestigious area of ​​Midtown West. There are many attractions nearby: Gershwin Theater, the Museum of Modern Art, The Capital Grille restaurant, Duane Reade pharmacy, Chase Bank and others.

Midtown Manhattan is the largest business district in the world.

Most of the city’s iconic buildings are concentrated here, including the Empire State Building, Chrysler Building, United Nations Headquarters, Grand Central Terminal, Rockefeller Center, and Broadway and Times Square.

Travel time to:

  • John F. Kennedy Airport — 30 minutes by taxi (without traffic jams)
  • La Guardia airport — 20 minutes by taxi (without traffic jams)
  • Wall Street/ Financial District — 22 minutes by subway

  • Property on the map
    Location right down to the building, street or city

More properties

If this property wasn’t for you, take a look at other restaurants for sale in the USA.

You can see more restaurants for sale in Midtown Manhattan elsewhere on our website.

Statistics in New York City

Price per m², $
13,978
Healthcare efficiency level
65
Index 65 from 100

The index reflects how respondents rank the overall level of healthcare quality, professionalism of medical staff, quality of equipment, cost of services, etc.

Safely rate
56
Index 56 from 100

When evaluating the crime level, Numbeo survey respondents (local residents) have shared their expectations of how safe would a lone walk in the part be for them during the day and night.

Real estate Price, $
Apartment in the city centre, m² 13,977.59
Apartment in a bedroom community, m² 6,088.24
Transport Price, $
Public transport, 1 ride 2.67
Monthly travel card 117.35
Taxi, 1 km 1.65
Petrol, 1 l 0.78
Food Price, $
Water, 1.5 l 2.23
Milk, 1 l 1.09
White bread, 500 g 3.79
Eggs, a dozen 3.46
Chicken fillet, 1 kg 12.71
Education Price, $
Kindergarten, per month 2,307.9
International school, per year 36,984.29
Health care index
Staff competence 73.99
Medical equipment 88.27
Research accuracy and completeness 73.48
Attitude towards patients 68.69
Security index
Crime rate 46.42
The risk of being robbed 43.5
The risk of car theft 43.99
The risk of break-in and property damage 50.34

The data is provided by numbeo.com and based on the answers of its users.
Tranio does not guarantee its reliability.

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