Subject property is a 1,910 SF retail condominium unit occupying the entire first floor (above grade) of a 4-story mixed use building. The unit is designated for restaurant use on the Certificate of Occupancy, and was last occupied by Pho Bar, a renowned Vietnamese restaurant. It presently has legal occupancy of 75, which can be increased with the addition of a dropdown staircase in the rear. The space already vented and some fixtures remain from the previous tenant for food and cooking. A beer and wine license was operated by the last tenant, and the tenant prior to that had a full liquor license for the premises. The rear contains a kitchen area. The street and surrounding blocks offer a multitude of dining options ideally located to serve the NYU population and heavy foot traffic from visitors.
The property is located in the heart of Greenwich Village, between Thompson and Sullivan Streets one block from Washington Square Park and adjacent to NYU Law and other university buildings. It is on a vibrant street in good company, next door to renowned eateries and coffee purveyors such as Il Mulino and Irving Farms. The property is right in the lively vicinity of the NYU campus, and is heavily foot trafficked by their student body and faculty. The area is a highly popular destination for casual dining and nightlife for tourists and New York City dwellers alike. The West 4th Street subway station is within a 5-minute walking distance, providing access to multiple train lines.
