21 W 35th St - Restaurant FOR SALE


New York, NY 10018- Empire State Building
$13,000,000 USD
646-843-1700
21 W 35th St, New York, NY for Sale
$13,000,000 USD
Restaurant - FOR SALE
1/5
null | 8.31% Cap Rate

21 W 35th St
New York, NY 10018
Empire State Building


HIGHLIGHTS

  • New Renovated
  • Stunning Restaurant and Cocktail Lounge
  • Rooftop Views of the Empire State Building

OVERVIEW

21 West 35th Street is a newly renovated, three-story retail building featuring a premier restaurant and a destination rooftop cocktail lounge.? The ground and second floors are leased to Niku X by Chubby Cattle, while the rooftop is leased to BarChef NYC.? Both tenants operate under NNN leases, providing stable and predictable cash flow.?The property has undergone a complete gut renovation, including the installation of a fully equipped commercial kitchen in the basement.? The rooftop features a retractable roof, making it highly attractive for seasonal use.? Ownership has invested approximately $8 million into the comprehensive transformation of the building.? Situated in a prime Midtown Manhattan location, the property offers convenient access to multiple subway lines—N, Q, R, W, 1, 2, 3, B, D, F, and M—and is within close proximity to Herald Square, Koreatown, NoMad, and Penn Station.? The area benefits from exceptionally high pedestrian traffic and is surrounded by popular dining, retail, and entertainment destinations.? The anchor tenant is backed by Chubby Group, which has raised over $45 million in equity at a $300 million valuation in early 2025, enhancing the overall credit profile of the tenancy.? ?Newly renovated restaurant and rooftop cocktail lounge NNN tenants ?One block from the Empire State Building and Herald Square ?Vented | gas | electric ?Active liquor licenses ?Heavy foot traffic ?Nearby subway lines: N, Q, R, W, B, D, F, M, 1, 2, 3 ?21 w 35th we gave Retail 6 month rent loan starting Sept 1 2026 in exchange of taking rooftop lease for $25,000 month to be repaid in monthly installements.

FOR SALE DETAILS

PRICE

$13,000,000 USD

PRICE/SF

$1,995 USD /SF

CAP RATE

8.31%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,178 SF

ZONING

M1-6

APN/PARCEL ID

0837-0029

ASK ABOUT THIS PROPERTY

Elad DrorPD Properties, LLCMore Info
646-843-1700

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Elad DrorPD Properties, LLCMore Info
646-843-1700

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.