Crab House has locked down a 6,500-square-foot, two-level space at 11 East 13th Street near Union Square. The property drew nearly 60 walk-throughs and almost a dozen prospective offers before Crab House secured it. The lease, signed Friday, August 28, carries a monthly asking rent of $38,500, or $462,000 a year, which works out to approximately $71.08 per square foot annually. It will be Crab House's fourth outpost in New York City.
The financial terms of the deal were reported by Commercial Observer, which detailed just how competitive the space had become. The property went on the market in early August and drew nearly 60 walk-throughs and almost a dozen competing offers within four weeks before Crab House sealed the deal, according to the outlet's reporting. That kind of turnout underscores just how coveted turnkey, second-generation restaurant real estate has become in Greenwich Village, where operators can move in fast without footing the bill for a full buildout.
That turnkey advantage comes courtesy of the space's last tenant. The venue was previously occupied by Reyna New York, a restaurant brand from Toronto, along with its basement lounge Le Louis XIV. Before Reyna was expected to open in spring 2022, the dual-level building had been home to the French bistro and bar Le Midi, according to View the VIBE. The address has housed multiple restaurant concepts, including Le Midi and Reyna New York.
Who Brokered the Deal
Landlord Arnold Toren was represented in the negotiations by Noam Aziz and Carson Shahrabani of Meridian Capital Group, while Crab House was represented by broker Ygal Laham of KSR, the report notes. The deal's size also earned it citywide attention: transaction records compiled by The Real Deal placed Crab House's lease among New York City's top 10 retail leases executed in August 2026, in the same company as major deals from Whole Foods Market and Madewell.
According to WhatNow, the Greenwich Village location is expected to debut in December 2026. The new spot will join Crab House's existing outposts at 218 West 40th Street in Times Square, 135 East 55th Street in Midtown East, and 1223 Surf Avenue in Coney Island, Brooklyn.
How the Buffet Actually Works
Crab House isn't a typical steam-table buffet. It runs a table-service, made-to-order model in which diners mark their selections on a paper checklist, and the kitchen cooks each dish fresh before delivering it to the table, all within a two-hour dining window, according to a Lemon8 breakdown of the concept. WhatNow reports that the Manhattan locations offer buffet options with side dishes. The offerings include seafood and non-seafood options. The chain also has a birthday promotion.
The Greenwich Village space includes fully built-out bars on both the ground floor and lower level, per WhatNow's reporting on the buildout Crab House inherits from its predecessor. Pricing at the brand's flagship Times Square location illustrates just how far the concept's price point has climbed: unlimited lobsters, Dungeness crab, and Wagyu steak now run $168 per adult for the premium experience, with extra charges for uneaten food taken to-go, according to Crab House's own Times Square Q&A page.
Crab House's Manhattan Expansion
Crab House's all-you-can-eat seafood spread has been part of its Manhattan offering. The brand now has multiple locations across New York City.
