Thursday, June 9, 2016

Restaurant-ready space at 58 St. Mark's Place asking $19k

[Image via LoopNet]

Hakata Hot Pot and Sushi Lounge, housed in the retail spaces at 58 St. Mark's Place between First Avenue and Second Avenue, closed at the end of February.

In a message on Facebook, the owners said that they had lost their lease. (Hakata Hot Pot combined with sister restaurant Zen 6 the next block to the west at 31 St. Mark's Place.)

The two spaces are now on the market. According to the listing at Sinvin, the 1,400-square-foot space can be leased separately or together. Each space is asking $9,500; $19,000 for the whole thing.

Some bullet sales points:

• Charming intimate spaces for restaurants or coffee shops
• Brick walls & wood floors
• As of right, space for two tables in front of each store
• Landlord presenting each as a vanilla box
• Restaurant ready with venting, grease trap, 200 am electric panel, HVAC, and stubbed for gas and plumbing
• Wine & beer only, next to a church

Raphael Toledano became the building's landlord last fall.

Natori, a longtime favorite, closed at this address in November 2012.


  1. My god, a church?! Can somebody buy that thing and get us a full liquor for Christ's sake.

  2. Landlords are clueless to what it takes for a small restaurant to pay that kind of rent. Some sucker will ultimately dump their life's savings into this spot and lose their shirt trying make it work.

  3. a designer bagel store! on one side and a Michelin starred restaurant! on the other side.

  4. I hope it stays empty forever, as part of "Rafi's" forever-portfolio.

  5. ...and we laughed and we laughed.

  6. Rents in NYC show exactly why capitalism needs a sober partner so it doesn't kill itself: with so many businesses going online, you'd think landlords would be doing everything they can to keep retail tenants. Granted a restaurant can't go online -- although there are a few restaurant apps coming out -- but driving tenants out when almost every other business can be done online seems so short-sighted. If a retailer can't net $1,000 or more a day to ensure the biz stays open, they'll go online and your space will be empty for a very long time.


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