Skip To Content

121 Madison Avenue

New York, NY 10016
  • $279,000
  • STATUS: Active
  • ON SITE: 65 Days
  • MLS #: 502846
UPDATED: 54 min ago
$279,000
  • 0
    BEDS
  • 0.24
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 900
    SQFT
  • $310
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1938
Area:

School Ratings & Info

Description

Established Omakase restaurant in MID-TOWN Manhattan for sale. Gross yearly revenue $675,000, effordable monthly rent $7,100 only with 3% increase and 7 years lease remaining. The seller is paying portion of property tax of $8,000 yearly, this business nets $177K plus. The restaurant is still in very good condition and it located at the high traffic spot, A few minutes away from Empire State Building, can's miss the great opportunity to start your own business.

Monthly Payment Calculator



© 2026 Brooklyn New York Multiple Listing Service, Inc. All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Team Gio | RE/MAX Central. Data last updated: 2026-09-11T00:00:21.483.
www.movetonewjersey.com/homes/178539730
Print Image

121 Madison Avenue New York, NY 10016

  • Price: $279,000
  • Status: Active
  • On Site: 65 Days
  • Updated: 54 min ago
  • MLS #: 502846
0
Beds
0
Baths
0
½ Baths
0.24
Acres
900
SQFT
$310
$/SQFT
1938
Built
Neighborhood:
Manhattan
County:
New York (Manhattan)
Area:
Midtown
Property Description
Established Omakase restaurant in MID-TOWN Manhattan for sale. Gross yearly revenue $675,000, effordable monthly rent $7,100 only with 3% increase and 7 years lease remaining. The seller is paying portion of property tax of $8,000 yearly, this business nets $177K plus. The restaurant is still in very good condition and it located at the high traffic spot, A few minutes away from Empire State Building, can's miss the great opportunity to start your own business.
Exterior Features

Commercial Features Exterior Other Construction Materials Brick Exterior Brick Loading Docks None Lot Size Length 110 Lot Size Width 96 Parking Attributes Other Parking Feature Street Roof Other Water Front Present No

Interior Features

Basement Amenities None Ceiling Height 8-10 Foot Commercial Features Interior KitchenRestrooms - Public Equipment Included Refrigeratorsalcohol refrigeratorfreezersinkschairs. Flooring Ceramic Foundation Details Poured Concrete Heat Delivery Hot Air Lavatories None Walls Masonry

Property Features

ACUnits 1 Block 860 Commercial Condo 1 Construction Type Semi-Detached Cross Street Name E 31st St. Cross Street Name2 E 30th St. Current Use Restaurant Electric Circuit Breakers Financing Cash Gross Income 675000 Gross Lease 10 Heating Fuel Electric Insurance Expense 2950.00 Inventory Expense 295000.00 Lot Number 22 Lot Size Irregular YN 1 Miscellaneous Expense 5400.00 Net Operating Income 177300.00 Number Of Stores 1 Payroll Annual Expenses 162000 Potential Use Restaurant Property Sub Type Business Only Property Type Commercial Sale Type Arm's Length Tax Amount 8000.00 Transaction Type Sale Utilities Electric Utility Expense 24000.00 Years Remaing On Lease 7 Zoning C5-2

Listing information © 2026 Brooklyn New York Multiple Listing Service, Inc.
Listing provided courtesy of Metro Realty Professionals: (718) 838-2600.


© 2026 Brooklyn New York Multiple Listing Service, Inc. All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Team Gio | RE/MAX Central. Data last updated: 2026-09-11T00:00:21.483.
 
https://bt-photos.global.ssl.fastly.net/brooklyn/orig_boomver_2_502846-2.jpg https://bt-photos.global.ssl.fastly.net/brooklyn/orig_boomver_2_502846-2.jpg https://bt-photos.global.ssl.fastly.net/brooklyn/orig_boomver_2_502846-2.jpg
Logo
Team Gio | RE/MAX Central
520 Rt 9 North
Manalapan NJ, 08527