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Investment Highlights

  • New Renovated
  • Rooftop Views of the Empire State Building
  • Stunning Restaurant and Cocktail Lounge

Executive Summary

Located at 21 W 35th Street, this newly renovated three-story retail building features a stunning restaurant and a rooftop cocktail lounge. The ground and second floors are leased to Yumi Yaki by Chubby Cattle, while the rooftop is leased to the owners of LouLou's NYC. Both spaces operate under NNN leases. The building underwent a complete gut renovation, including the addition of a fully equipped kitchen in the basement. The rooftop space boasts a retractable roof, making it ideal for warmer months. Ownership has invested approximately $8 million into transforming the property. Situated in a prime location with easy access to multiple subway lines—N, Q, R, W, 1, 2, 3, B, D, F, and M—the property is close to Herald Square, Koreatown, NoMad, and Penn Station. The area experiences high foot traffic and is surrounded by popular dining destinations, including several renowned spots from Hand Hospitality.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
6,516 SF
Building Class
B
Year Built
2024
Price
$12,800,000
Price Per SF
$1,964.40
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.99
Lot Size
0.05 AC
Zoning
M1-6 - Light industrial with offices, hotels, and most retail uses permitted
Frontage
19’ on West 35th Street

Amenities

  • Restaurant
  • Air Conditioning

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 3rd Floor
  • 2,000 SF
  • Retail
  • In-Line
  • 30 Days

2,000 SF | Fully Built-Out | Active Liquor License Step into a turnkey rooftop venue in the heart of Midtown South, where stunning, unobstructed views of the Empire State Building set the scene. Newly renovated with tasteful, design-forward finishes, this 2,000 SF space features two bars with barstool seating, elevator access, and an active liquor license — ready for immediate operation. Positioned between Fifth and Sixth Avenues, the property sits less than one block from the Empire State Building and the Herald Square retail corridor, surrounded by NYC's most dynamic mix of restaurants, nightlife, and retail. Heavy foot traffic flows past throughout the day, with walking-distance access to Penn Station, Moynihan Train Hall, and nearly every major subway line (N, Q, R, W, B, D, F, M, 1, 2, 3). A rare opportunity to own one of Midtown's most coveted rooftop addresses.

Space Size Space Use Position Available
3rd Floor 2,000 SF Retail In-Line 30 Days

3rd Floor

Size
2,000 SF
Space Use
Retail
Position
In-Line
Available
30 Days

3rd Floor

Size 2,000 SF
Space Use Retail
Position In-Line
Available 30 Days

2,000 SF | Fully Built-Out | Active Liquor License Step into a turnkey rooftop venue in the heart of Midtown South, where stunning, unobstructed views of the Empire State Building set the scene. Newly renovated with tasteful, design-forward finishes, this 2,000 SF space features two bars with barstool seating, elevator access, and an active liquor license — ready for immediate operation. Positioned between Fifth and Sixth Avenues, the property sits less than one block from the Empire State Building and the Herald Square retail corridor, surrounded by NYC's most dynamic mix of restaurants, nightlife, and retail. Heavy foot traffic flows past throughout the day, with walking-distance access to Penn Station, Moynihan Train Hall, and nearly every major subway line (N, Q, R, W, B, D, F, M, 1, 2, 3). A rare opportunity to own one of Midtown's most coveted rooftop addresses.

Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
100/100
Moderately bikeable
70/100

Nearby Major Retailers

CorePower Yoga
Pret A Manger
Starbucks
Valley National Bank
Bank of Hope
Citi
Chase
Bank of America
Capital One
BankUnited

Property Taxes

Property Taxes

Parcel Number
0837-0029
Land Assessment
$702,000
Improvements Assessment
$1,109,250
Total Assessment
$1,811,250
  • Listing ID: 33806368

  • Date on Market: 11/8/2024

  • Last Updated:

  • Address: 21 W 35th St, New York, NY 10018

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