Welcome to this great opportunity to own this Restaurant bar along with 6 residential apartments.


Property

Website: https://www.nestseekers.com/5397201
Address:
New York, NY 11418
Ownership: For Sale
Type: Multi-Family
Bedrooms: Studio

Financials

Price:$4,875,000
Annual Taxes:$15,312

Description

Welcome to this great opportunity to own this Restaurant/bar along with 6 residential apartments. Well equipped and updated in 2020. First floor is the restaurant/bar with public assembly certificate of occupancy designation substantially 50 feet by 50 feet, capacity 250 seated, with fully equipped kitchen. The first floor is Vacant at Present. Rent offers can be at $15,000 to $16,000. Cap rate minimum of 6 to 6.5. Can be used as a restaurant, bar, or club. Restaurant has it's own boiler and water heater. 6 Apartment unit fully rented annual income of $160,200. 6 separate boiler and water heater for residential units, Tenants pay their own electric, heat and cooking gas. Situated in a great location. Close to all major highways, achieving schools , transportation, buses and trains.

Amenities

  • Built-in Features
  • Ceiling Fan(s)
  • Convection Oven
  • Dishwasher
  • Disposal
  • Electricity Available
  • Electricity Connected
  • Exhaust Fan
  • Freezer
  • Gas Cooktop
  • Gas Range
  • Natural Gas Available
  • Natural Gas Connected
  • Refrigerator
  • Sewer Available
  • Stainless Steel Appliance(s)
  • Water Available

Contact

24-20 Jackson Ave Floor 3 Long Island City, NY 11101, USA
Listing Courtesy of Nirvana Realty Inc