Kiosk Restaurant For Sale (lease assignment)
NOI $240k/year Approx.
Key Money Reduced from $650,000 to $420,000.00
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