Motivated Seller Kiosk Restaurant For Sale

Bijoy Guha
Commercial Real Estate
Mobile: 917.456.6826
KIM TEAM NYC
Mobile: 917.797.5683
415 Madison Avenue New York, NY 10017
Phone: 212-252-8772
Fax: 212-252-9347
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EXCLUSIVE

Location

11 W 32nd St
New York NY 10001
Cross street:Fifth Avenue
Floor:Ground

Property

Furnished: YES
Ownership: Commercial
Type: Retail

Financials

Price: $450,000

Description

Kiosk Restaurant For Sale (lease assignment)
NOI $240k/year Approx.
Key Money Reduced from $650,000 to $450,000.00
8 Years Remain on the lease
Heavy Foot Traffic
Great and Ideal for an owner/operator

The heart of Koreatown is the segment of 32nd Street between Fifth Avenue and Broadway, officially nicknamed "Korea Way". Though only one city block long, Korea Way features stores on multiple stories, with small, independently run establishments reaching up to the third or fourth floors, including restaurants, exuding an ambiance of Seoul itself. The New York City Korean Chamber of Commerce estimates there to be more than 100 small businesses on Korea Way.

The street features numerous restaurants that serve both traditional and/or regional Korean cuisine and Korean fusion fare (including Korean Chinese cuisine), several bakeries, grocery stores, supermarkets, bookstores, consumer electronics outlets, video rental shops, tchotchke and stationery shops, hair and nail salons, noraebang bars, nightclubs, as well as cell phone service providers, internet cafés, doctors' offices, attorney offices, banks, and hotels. Approximately fourteen 24/7 restaurants conduct business on Korea Way. Although Korea Way continues to represent the heart of Koreatown and is situated between Sixth and Fifth Avenues, Koreatown itself is expanding further eastward from Fifth Avenue

Neighborhood

More listings: Midtown West

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.