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$300,000
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Property Description
Exceptional turnkey restaurant space featuring a contemporary build-out and prime layout. The property spans approximately 2,200 square feet on the main floor, complemented by an additional 2,000-square-foot basement for storage, prep, or extended operations. The dining area is stylishly designed with modern finishes, flexible seating arrangements, and a warm, welcoming atmosphere ideal for both intimate dining and group gatherings. A full commercial kitchen is equipped with professional-grade appliances, venting systems, prep stations, and refrigeration, ready to support high-volume service. This versatile space is well-suited for a variety of concepts, including full-service dining, barbecue and grill concepts, bar-focused operations, or specialty cuisine. With its thoughtful design and complete kitchen build-out, this restaurant presents a rare opportunity for an operator seeking a ready-to-go establishment in a vibrant commercial setting.
Full Property Details
Full Property Details for 48 W 48th St
General
- Price: $300,000
- Taxes: $12,000
- Status: Active
- Type: Business
- Source: Long_Island
- MLS ID: 1034269
- Updated: 8/3/2026
- Added to Site: 17 day(s) ago
Business
- Business Type: Restaurant
Location
- County: New York (Manhattan)
Structural Information
- Detached/Attached: Detached
- Basement: Yes
- Basement Desc.: Finished, Full Basement
- Building Size: 2200
- Square Feet: 2,200
Financial Considerations
- Tax Amount: $12,000
Disclosures and Reports
- Special Conditions: None
Listed by B Square Realty
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Schools
Schools serving 48 W 48th St
School District:New York City Geographic School District 02
| Name | Grades | Distance |
|---|---|---|
P.S. 51 Elias Howe 525 West 44th Street, New York, NY 10036 | PK-5 | 0.8 mi |
Middle 297 75 Morton St, New York, NY 10038 | 6- | 2.3 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 48 W 48th St
Date
Details
Price
Change
Source
8/03/2026
Listed
$300,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 48 W 48th St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$1,564,654
—
$15,318,990
5%
2025
$1,564,654
2%
$14,538,690
—
2024
$1,535,677
—
$14,498,460
—
2023
$1,528,070
2%
$14,426,640
2%
2022
$1,505,430
21%
$14,140,800
22%
2021
$1,242,873
-22%
$11,622,150
-25%
2020
$1,586,742
2%
$15,578,550
—
2019
$1,554,342
—
$15,543,450
-11%
2018
$1,561,443
8%
$17,391,150
18%
2017
$1,441,069
7%
$14,692,500
1%
2016
$1,346,401
6%
$14,514,300
2%
2016
$1,272,022
21%
$14,202,450
6%
2014
$1,053,996
6%
$13,455,000
16%
2013
$994,038
—
$11,634,300
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 48 W 48th St
48 W 48th Street, New York, NY 10036 (MLS# 1034269) is a Business property. 48 W 48th Street is currently listed for $300,000 and was received on August 03, 2026. Want to learn more about 48 W 48th Street? Do you have questions about finding other Business real estate for sale in New York? You can browse all New York real estate or contact a Coldwell Banker agent to request more information.

