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New York Restaurants for Sale
Restaurants For Sale in New York
New York City offers significant opportunities for commercial real estate (CRE) investing, especially in the restaurant market. The city's comprehensive infrastructure includes a wide-reaching public transportation system, making it easy for both employees and customers to access. As a global center for finance and education, New York attracts a diverse workforce, creating a strong consumer base. Its role as a port city enhances its trade and commerce, further influencing global trade. These aspects, along with New York's large population and popularity as a tourist destination, make investing in restaurants here an attractive option.
Restaurants for sale in New York are located in the center of a city known for its continuous activity, close to famous landmarks, business areas, and cultural centers. These businesses are situated in areas with high foot traffic from both locals and tourists, ensuring a consistent customer base. Beyond restaurants, New York offers a range of other investment opportunities. Apartment buildings address the ongoing demand for housing, while shopping centers leverage the city's reputation as a hub for fashion and retail. Specialty properties and hotels serve the needs of New York's varied population and large number of visitors, offering everything from boutique accommodations to spaces for niche markets. For investors interested in a 1031 exchange, New York presents several suitable properties. The variety of property types within New York's dynamic environment provides a wide range of investment opportunities, all benefiting from the city's strategic geographic and economic position.
Learn About Restaurants For Sale in New York
How many restaurants for sale listings are available in New York, NY?
Currently, there are 55 restaurants for sale listings available in New York, NY.
What factors should I consider when searching for restaurants for sale in New York, NY?
When looking for restaurants for sale in New York, NY, it's important to consider several key factors to ensure your business's success and growth.
- Examine New York's economic landscape, including the substantial influence of its financial and high-tech sectors, to understand potential customer base and spending habits.
- Consider the proximity to key infrastructure and amenities such as public transportation hubs, tourist attractions, and major business districts to ensure high foot traffic and visibility.
- Analyze the local market and competition within New York, taking into account the current number of 55 restaurant listings, to gauge market saturation and identify unique selling points.
How much does it cost to buy a restaurant for sale in New York, NY?
The average price per square foot for restaurants for sale is $824, with an average size of 9,015 SF.
What is the largest restaurant available to buy in New York, NY?
The largest restaurant listing available in New York, NY spans 56,080 SF.
Why is New York an ideal location for restaurants for sale?
New York's global reputation as a cultural and economic hub, combined with its dense population and status as a tourist destination, makes it a prime location for restaurants, reflected in the 55 listings currently available.
Size Summary For New York Restaurants
| Restaurant Size | Square Feet |
|---|---|
| Maximum | 56,080 SF |
| Average | 9,015 SF |
| Minimum | 1,400 SF |
Cap Rate for New York Restaurants
| Restaurant Cap Rate | Cap Rate Percentage |
|---|---|
| Maximum | 12.2% |
| Average | 6.25% |
| Minimum | 2.8% |
Prices for New York Restaurants
| Restaurant Price | Price Per SF |
|---|---|
| Maximum | $2,667 Per SF |
| Average | $824 Per SF |
| Minimum | $44 Per SF |
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