21 W 35th St, New York, NY 10018

21 W 35th Street is a newly renovated, three-story retail building featuring a premier restaurant and a destination rooftop cocktail lounge. The ground and second floors are leased to Niku X by Chubby Cattle, while the rooftop is leased to BarChef NYC. Both tenants operate under NNN leases, providing stable and predictable cash flow. The property has undergone a complete gut renovation, including the installation of a fully equipped commercial kitchen in the basement. The rooftop features a retractable roof, making it highly attractive for seasonal use. Ownership has invested approximately $8 million into the comprehensive transformation of the building. Situated in a prime Midtown Manhattan location, the property offers convenient access to multiple subway lines—N, Q, R, W, 1, 2, 3, B, D, F, and M—and is within close proximity to Herald Square, Koreatown, NoMad, and Penn Station. The area benefits from exceptionally high pedestrian traffic and is surrounded by popular dining, retail, and entertainment destinations. The anchor tenant is backed by Chubby Group, which has raised over $45 million in equity at a $300 million valuation in early 2025, enhancing the overall credit profile of the tenancy.