Embassy House 301 E 47th St

Part of the ground Floor

Ground Floor: Approx. 3600 RSF Lower Level: Approx. 1200 RSF Total Square Footage: Approx. 5000 RSF Frontage: 50 Feet Possession: Arranged Lease Term: Thru 8/31/2031 (Possible Extension Through Option) Current Rent: $24,720 (Market Value $35,000-$37,000) Seating Capacity: 149 inside + 22 Sidewalk Cafe Asking Key Money: Upon Request About the Space: Recently Gut Renovated Brand New Floors New HVAC System 3 Bathrooms (1 ADA) Full Liquor License till 12am Private Party Room Privee Area + VIP Table Fully Equipped Kitchen in mint condition 22 Feet hood 3 Walk-in Boxes Comments: This prime Midtown East restaurant offers outstanding value and visibility. Recently renovated, it spans 5,000 RSF across two levels with a prominent 50-foot frontage. The spacious layout accommodates 149 indoor seats plus a 22-seat sidewalk cafe. Fully equipped with a modern HVAC system, ADA-compliant bathrooms, a 22-foot hood, and a full liquor license until midnight, the space is ready for immediate operation. With rent well below market at $24,720/month (market rate: $35,000-$37,000), and a 7+5 year lease term, this opportunity combines location, value, and turnkey appeal in a high-demand area. About the Neighborhood: High Foot Traffic: With landmarks like the UN Headquarters, Grand Central Terminal, and the Chrysler Building, Midtown East draws a constant flow of visitors and commuters, providing a steady customer base for restaurants and cafes. Corporate Clientele: Numerous corporate offices and headquarters drive demand for quality dining options for business meetings, client lunches, and after-work gatherings, ensuring a consistent weekday clientele. Luxury Hotels: Midtown East's luxury hotels cater to business and leisure travelers, often partnering with local F&B venues for catering and events, expanding business opportunities. Diverse Demographics: The blend of tourists, office workers, and residents creates a varied customer base, allowing F&B businesses to offer diverse cuisines and concepts to appeal to broad tastes. Accessibility: With multiple subway lines and proximity to Grand Central, Midtown East is highly accessible, encouraging more diners to visit the area.