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$390,000
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Property Description
Exceptional restaurant business opportunity available in the heart of Midtown Manhattan. This fully built-out restaurant offers approximately 2,800 SF on the ground floor, plus an additional 1,500 SF of basement space providing valuable room for storage, prep, and back-of-house operations. The premises feature an existing liquor license, a full commercial kitchen, extensive restaurant infrastructure, and a functional layout designed to support high-volume operations. The business demonstrates strong sales performance and benefits from a long remaining lease term, providing stability and future operating potential for a new owner. Situated along the busy West 42nd Street corridor, the restaurant is surrounded by hotels, residential buildings, offices, theaters, entertainment destinations, and a steady mix of local residents, commuters, and visitors. This is a rare opportunity to take over a turnkey restaurant in one of Manhattan's most active commercial and dining districts. With substantial existing infrastructure, a long-term lease, and a highly accessible location, the business is well suited for an experienced restaurateur looking to establish or expand a presence in Midtown Manhattan.
Full Property Details
Full Property Details for 578 9th Ave
General
- Price: $390,000
- Status: Active
- Type: Business
- Source: Long_Island
- MLS ID: 1034284
- Updated: 8/13/2026
- Added to Site: 30 day(s) ago
Business
- Name: China Xiang
- Business Type: Restaurant
Location
- County: New York (Manhattan)
School Information
- High School District: Contact Agent
Structural Information
- Detached/Attached: Detached
- Basement: Yes
- Basement Desc.: Finished, Full Basement
- Building Size: 2800
- Square Feet: 2,800
- Year Built: 1988
Lot Features
- Lot Size (Acres): 0.0747
- Lot Size (Sq. Ft.): 3,253
- Zoning: C6-4
Disclosures and Reports
- Special Conditions: None
- Property ID: 1032-0061
Listed by B Square Realty
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Schools
Schools serving 578 9th Ave
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 | 0.3 mi |
Middle 297 75 Morton St, New York, NY 10038 | 6- | 2 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 578 9th Ave
Date
Details
Price
Change
Source
8/13/2026
Listed
$390,000
-96.75%
MLS
6/18/2021
Sold
$12,000,000
—
Public Record
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 578 9th Ave
Year
Property Taxes
Change
Tax Assessment
Change
2025
$230,425
-1%
$2,461,377
15%
2024
$233,611
—
$2,141,100
-3%
2024
$233,611
4%
$2,205,540
4%
2023
$224,783
9%
$2,122,200
9%
2022
$206,958
2%
$1,944,000
2%
2021
$203,175
-30%
$1,899,900
-31%
2020
$289,620
-4%
$2,748,600
-5%
2019
$300,702
5%
$2,893,050
—
2018
$286,830
5%
$2,897,550
-7%
2017
$272,693
7%
$3,105,900
—
2016
$254,226
100%
$3,105,450
35%
2016
-100%
$2,298,150
3%
2014
$135,575
36%
$2,233,350
2%
2013
$99,756
—
$2,185,650
—
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 578 9th Ave
578 9th Avenue, New York, NY 10036 (MLS# 1034284) is a Business property. 578 9th Avenue is currently listed for $390,000 and was received on August 13, 2026. Want to learn more about 578 9th Avenue? 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.

