The building itself is a classic 1910 mixed-use property, with six residential units above the commercial storefront . The property offers strong street-level visibility in a high-traffic corridor on Second Avenue, with high daily vehicle counts of approximately 30,000–34,000 cars in the immediate vicinity . Its location near major medical institutions, movie theaters, and schools ensures a consistent and diverse customer base .
Key Features
- Asking Rent: $35,000 / month
- Available Space: 1,600 SF
- Property Type: Ground-Floor Retail / Restaurant Space
- Lease Type: Direct Lease
- Building Class: S5 – Primarily Five to Six Family with One Store or Office
- Year Built: 1910
- Layout: Open, functional footprint suitable for restaurant or retail use
- Condition: Turn-key; vented with gas infrastructure
- Frontage: Street-level exposure on Second Avenue with excellent visibility
- Special Feature: Full liquor license active and in place
- Neighborhood Highlights: Located in Kips Bay, near major hospitals, movie theaters, and schools
Neighborhood Highlights
Located on Second Avenue between East 31st Street and East 32nd Street, 581 Second Avenue sits in the heart of Kips Bay, one of Manhattan’s most centrally located and dynamic neighborhoods . The area is a hub for medical professionals and students, with NYU Langone Medical Center and Bellevue Hospital just minutes away, ensuring a steady stream of foot traffic throughout the day .
The immediate area offers a vibrant mix of dining, retail, and entertainment options, with a strong residential population and proximity to Grand Central Terminal . The property boasts a Walk Score of 100, designating it a “Walker’s Paradise” with unparalleled access to public transportation, dining, shopping, and medical facilities . Nearby landmarks include Grand Central Station, NYU Langone, and a Regal Cinemas movie theater .
Transportation is exceptionally convenient, with the 6 train at 33rd Street and 28th Street, and Grand Central Terminal providing access to the 4, 5, 6, 7, and S subway lines, as well as Metro-North Railroad, all within a 10-minute walk .
Summary
The 1,600 SF retail storefront at 581 Second Avenue, New York, NY 10016, is available for $35,000 per month under a direct lease. With its turn-key restaurant configuration, active full liquor license, prime Kips Bay location, and excellent visibility on a high-traffic corridor, this property represents a compelling opportunity for restaurateurs or food and beverage operators seeking a well-established and accessible home in one of Manhattan’s most vibrant neighborhoods.
