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231 First Ave 1,200 SF of Retail Space Available in New York, NY 10003
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| Ground | 1,200 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | Modified Gross |
Ground
This highly visible, 1,200-square-foot commercial space offers a rare opportunity for food and beverage operators to secure a second-generation restaurant location with top-tier cooking infrastructure already in place. Currently operating as a fast-casual burger concept, the space is engineered for high-volume cooking and seamless back-of-house operations. The highlight of this listing is the massive, fully intact ventilation system and upgraded utility lines, saving an incoming tenant months of build-out time and significant capital expenditure. Complete with usable basement space for prep, storage, or refrigeration, this site is perfectly positioned for a QSR (Quick Service Restaurant), ghost kitchen, or neighborhood dining anchor. Key Property Features: Size: 1,200 Sq. Ft. on the ground floor, plus an expansive basement for storage and operations. Heavy Infrastructure: Fully vented and equipped with a massive 15-foot commercial hood. Upgraded Utilities: Features a dedicated 2-inch gas line, providing the capacity needed for intense, high-Btu cooking equipment. Current Layout: Existing second-generation restaurant setup (currently a burger concept) that can be easily adapted for various culinary styles. Prime Location: Situated on a bustling Manhattan avenue with exceptional daytime foot traffic, robust evening nightlife, and a dense residential population ideal for delivery and walk-ins.
- Listed rate may not include certain utilities, building services and property expenses
- Fully Built-Out as a Fast Food Restaurant
- Located in-line with other retail
- Space is in Excellent Condition
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Property Facts
| Total Space Available | 1,200 SF | Gross Leasable Area | 5,336 SF |
| Property Type | Retail | Year Built/Renovated | 1900/1981 |
| Property Subtype | Storefront Retail/Residential |
| Total Space Available | 1,200 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Residential |
| Gross Leasable Area | 5,336 SF |
| Year Built/Renovated | 1900/1981 |
Features and Amenities
- 24 Hour Access
- Restaurant
- Storage Space
Nearby Major Retailers
![[solidcore]](https://images1.loopnet.com/i2/X1DfwMFhQUJtrEvdN0O4PHppb1UchnIXcAPoILYKKzI/105/image.jpg "[solidcore]")
