Available
Flatiron Restaurant- Motivated Seller! Fully Built Out And Well Maintained! A Fraction Of Build Out Cost, At 300K! 1600SF With Backyard Seating! Make an Offer!
$300.000
Description
Rare opportunity to acquire a fully built-out, actively operating restaurant in the heart of Manhattan's Flatiron District — one of the city's most resilient and high-traffic dining corridors. This is an asset sale offering an exceptionally well-equipped kitchen, a long-term lease, and a turnkey platform that can support a wide range of concepts on day one.
The Space & Equipment
The kitchen is built for volume, anchored by a heavy-duty commercial wok range — the kind of infrastructure that costs six figures to install from scratch and takes months to permit and build out. The entire kitchen is fully equipped and operational, vented to the roof and ready for an incoming operator to hit the ground running. The front-of-house has been maintained and is in active use. Perfect opportunity for a cafe or restaurant to take over and re-concept, or build on the current concept, at a fraction of what it would cost to build from new.
The kitchen is built for volume, anchored by a heavy-duty commercial wok range — the kind of infrastructure that costs six figures to install from scratch and takes months to permit and build out. The entire kitchen is fully equipped and operational, vented to the roof and ready for an incoming operator to hit the ground running. The front-of-house has been maintained and is in active use. Perfect opportunity for a cafe or restaurant to take over and re-concept, or build on the current concept, at a fraction of what it would cost to build from new.
The Lease
13 years remaining on the lease at $21,000/month — a locked-in, long-term position in a neighborhood where quality restaurant space is consistently absorbed. For the right operator, this is a meaningful competitive advantage: stability in a market where lease uncertainty is one of the primary risks for growing restaurant businesses.
13 years remaining on the lease at $21,000/month — a locked-in, long-term position in a neighborhood where quality restaurant space is consistently absorbed. For the right operator, this is a meaningful competitive advantage: stability in a market where lease uncertainty is one of the primary risks for growing restaurant businesses.
Licenses & Permits
A beer and wine license is in place and transfers with the sale — eliminating a significant lead time and cost barrier for the incoming buyer.
The Location
The Flatiron District benefits from six subway lines within walking distance and consistently strong office and pedestrian traffic. Metro Manhattan The broader Flatiron/NoMad corridor saw businesses lease over one million square feet of commercial space in a recent quarter — the highest leasing activity since 2014 — and pedestrian activity within the Congestion Relief Zone has risen meaningfully year-over-year. Gothamist This is a neighborhood with genuine daytime density, a strong lunch trade, a growing dinner scene, and a customer base that skews toward food-savvy, repeat diners.
A beer and wine license is in place and transfers with the sale — eliminating a significant lead time and cost barrier for the incoming buyer.
The Location
The Flatiron District benefits from six subway lines within walking distance and consistently strong office and pedestrian traffic. Metro Manhattan The broader Flatiron/NoMad corridor saw businesses lease over one million square feet of commercial space in a recent quarter — the highest leasing activity since 2014 — and pedestrian activity within the Congestion Relief Zone has risen meaningfully year-over-year. Gothamist This is a neighborhood with genuine daytime density, a strong lunch trade, a growing dinner scene, and a customer base that skews toward food-savvy, repeat diners.
The Opportunity
The current concept is Asian cuisine, and the wok infrastructure makes it a natural fit for any operator in that space — dim sum, noodles, regional Chinese, Japanese, Korean, or pan-Asian. That said, the kitchen is highly adaptable. A new operator looking to introduce a different concept will find the bones, the lease, the license, and the location doing the heavy lifting from day one.
At $300,000, this listing represents exceptional value relative to the cost of building a comparable operation from scratch in this submarket.
The current concept is Asian cuisine, and the wok infrastructure makes it a natural fit for any operator in that space — dim sum, noodles, regional Chinese, Japanese, Korean, or pan-Asian. That said, the kitchen is highly adaptable. A new operator looking to introduce a different concept will find the bones, the lease, the license, and the location doing the heavy lifting from day one.
At $300,000, this listing represents exceptional value relative to the cost of building a comparable operation from scratch in this submarket.
Next Steps
Qualified buyers will be provided with additional details under NDA. Showings are available by appointment. Seller is motivated and will review all reasonable offers.
Qualified buyers will be provided with additional details under NDA. Showings are available by appointment. Seller is motivated and will review all reasonable offers.
Listing presented by East Coast Business Brokers. Contact us for a confidential conversation.
KEY HIGHLIGHTS:
Fully operational Asian restaurant — asset sale
Heavy-duty wok range + complete commercial kitchen
13 years remaining on lease / $21,000/month
Beer & wine license in place
Prime Flatiron District location
$300,000 | Seller reviews all reasonable offers
Heavy-duty wok range + complete commercial kitchen
13 years remaining on lease / $21,000/month
Beer & wine license in place
Prime Flatiron District location
$300,000 | Seller reviews all reasonable offers
Overview
Property ID:
12711
Type:
Retail Restaurants Full Service - Diners - Pizzeria Or Specialty
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