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
    Tweet
    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 $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 cafeĢs, 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.