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Storefront Retail Residential For Lease • 1,700 SF
| Name | Space Use | Size | Rent | Details |
|---|---|---|---|---|
| 1st Floor Ste | Retail | 1,700 SF | $119.00 USD/SF/YR | |
Turnkey restaurant opportunity located at 174 First Avenue in the heart of the East Village. The space is currently operated as Bananas and features a one-year-old installation in excellent condition. The premises comprise approximately 1,700 square feet with 15 feet of frontage and are fully built out with gas and venting in place, a fully equipped open kitchen, and all major restaurant infrastructure installed. The existing layout accommodates approximately 70 seats, allowing an incoming operator to open quickly with minimal capital expenditure. The East Village location benefits from strong residential density, consistent foot traffic, and close proximity to nightlife, retail, and transit. Available via sublease or lease assignment for a qualified operator.Key Money upon request
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Positioned in the heart of a vibrant East Village corridor, 174 First Avenue offers a rare opportunity to acquire a fully built-out restaurant space with exceptional visibility and strong neighborhood synergy. This property features approximately 1,700 square feet of thoughtfully designed interiors complemented by a storage and prep basement, ensuring operational efficiency for any culinary concept. The installation is just one year old, presenting a turnkey solution for investors or operators seeking minimal upfront renovation costs. The space boasts 15 feet of prime frontage and seating for up to 70 guests, creating an inviting atmosphere for high-volume dining. Fully vented with gas, the property supports diverse menu offerings and advanced kitchen capabilities. Surrounding the site is a dynamic mix of iconic eateries and trendy establishments, including Momofuku Noodle Bar, Veniero’s, and Sauce Pizzeria, reinforcing the area’s reputation as a culinary destination. With a long-term lease in place until April 2039, this asset combines stability with growth potential in one of Manhattan’s most sought-after neighborhoods.
| Prime East Village location surrounded by renowned restaurants. |
| Fully vented kitchen with gas for versatile culinary operations. |
| Steps from the L train at 1st Avenue Station; quick connections to Union Square for 4/5/6, N/Q/R/W lines. |
| Served by M15 and M14A/D buses, providing convenient north-south and crosstown travel. |
| Approximately 25 minutes to LaGuardia Airport and 40 minutes to JFK via car or public transit. |
| Tenant | SF Occupied | Lease End Date |
|---|---|---|
| Blackseed Bagels | ||
| ChimbaKKC LLC | 5/31/2039 | |
| Emilia By Nai |
| Commuter Rail | Drive | Walk | Distance |
|---|---|---|---|
| New York Penn Station (LIRR) (Babylon Branch - Long Island Rail Road, Far Rockaway Branch - Long Island Rail Road, Hempstead Branch - Long Island Rail Road, Long Beach Branch - Long Island Rail Road, Montauk Branch - Long Island Rail Road, Port Jefferson Branch - Long Island Rail Road, Port Washington Branch - Long Island Rail Road, Ronkonkoma Branch - Long Island Rail Road, West Hempstead Branch - Long Island Rail Road) | 7 min | - | 2.1 mi |
| Long Island City Station (Hempstead Branch - Long Island Rail Road) | 7 min | - | 2.5 mi |
| Transit/Subway | Drive | Walk | Distance |
| 1 Avenue (L - New York MTA Subway (The Subway)) | 1 min | 3 min | 0.2 mi |
| Astor Place (4 - New York MTA Subway (The Subway), 6 - New York MTA Subway (The Subway)) | 2 min | 7 min | 0.4 mi |
| 3 Avenue (L - New York MTA Subway (The Subway)) | 1 min | 8 min | 0.4 mi |
| 8 Street-New York University (N - New York MTA Subway (The Subway), R - New York MTA Subway (The Subway)) | 2 min | 10 min | 0.5 mi |
| Airport | Drive | Walk | Distance |
| LaGuardia | 17 min | - | 9.2 mi |
| Newark Liberty International | 25 min | - | 13.4 mi |
| John F Kennedy International | 24 min | - | 16.7 mi |
Alan Napack
AJN Realty Advisors
Alan Napack
AJN Realty Advisors
