Be Part of the Elite Madison Avenue Establishments!
Here is an opportunity like no other!! Rarely available restaurant space with a full functional kitchen that’s equipped with top of the line kitchen appliances. Just bring your name and be part of the exclusive restaurant culture on Madison Avenue! Past establishment was a well-known highly rated Italian restaurant that has been in the community for over 35 years with a vast list of regulars waiting for your grand opening. Restaurant was always packed from its grand opening, until the last day!!
The restaurant benefits from a strong location, this influential neighborhood is widely considered as the most prestigious and established residential neighborhood in New York City. Located a mile south of the property is the premiere Madison Avenue Retail Corridor where average asking rents were $1, 446/SF according to the REBNY Manhattan Retail Report and only a few blocks south of the property, average rents have hit an average of $400/SF. Numerous restaurants, retail destinations, and neighborhood hotspots located within half mile include Sarabeth’s (across the Avenue), The Museum, Lululemon, The Guggenheim Museum, Jack Rogers and Ristorante Morini, just to name a few. The area is well served by public transportation, with nearby subway stations serving the 4, 5, 6 lines and crosstown busses. 1302 Madison Avenue presents a strong opportunity for a restaurant owner with option to live above the restaurant. Renting the gut renovated upper residential floors is optional (NOT MANDATORY) and will require a separate lease and additional monthly rent. An option to acquire a fully functional vented restaurant with live-work flexibility is remarkable!!
Broker: “Just bring your ambition and the area will do the rest!!
Special Features: Approx. 1, 577SF Lower Level standing kitchen connected to separate street level access. Ultra sun sky dome in rear of the restaurant.
Can be delivered as a white box if restaurant is not the intended use.
For more information or to set up a preview contact Ron Zucher directly via phone or e-mail