Well-established, Turnkey Steakhouse For Sale in Manhattan’s South Street Seaport
261 Water St, New York, NY 10038
Key Money: $380,000| Rent: Upon Request | Size: 6,062 Sq. Ft.
Rare opportunity to acquire a long-established, independently operated steakhouse located in Manhattan’s South Street Seaport, one of New York City’s most iconic and revitalized waterfront districts.
Operating successfully for over 20 years, this legacy restaurant offers strong brand equity, loyal clientele, and consistent destination dining demand. The turnkey space totals approximately 6,062 SF, including 4,776 SF on the ground floor and 1,286 SF on the lower level, and is fully built out as a classic New York steakhouse. The kitchen is designed for high-volume service and includes three walk-in refrigeration units, allowing for immediate continuity of the existing concept, or the opportunity for a brand refresh or repositioning into a new upscale dining concept, if desired.
Positioned within a premier waterfront submarket with strong neighborhood and tourist traffic, this opportunity is well suited for owner-operators, restaurant groups, or hospitality investors seeking a stabilized asset with long-term upside.
The brand’s cultural relevance extends beyond dining, having served as a filming location for major motion pictures such as Donnie Brasco and Analyze That, selected for its authentic old-school New York aesthetic. The restaurant has also received recognition in leading food and lifestyle publications such as The New York Times, Zagat, and the Michelin Guide, cementing its reputation as a respected and well-known New York dining destination.
Serious inquiries only. Contact Natasha Belizaire at natasha.belizaire@theagencyre.com | +1 (973) 637-7567 for more information or to schedule a tour.
