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Business for Sale: Lottus Event Center Prime Event Venue in Ridgewood, NY — Approximately 8, 000 sq ft Nestled in the heart of Ridgewood at 6301 Fresh Pond Road, Lottus Event Center offers a rare opportunity to acquire a fully operating and beautifully designed event space with a strong reputation and steady clientele. This 8, 000 sq ft multi-purpose venue currently hosts weddings, birthday celebrations, corporate events, and private parties. The space is modern, elegant, and flexible—easily customizable for a variety of themes and gatherings. Key Highlights Turnkey Operation: Fully furnished and operational—start earning from day one. Prime Location: High-visibility corner in a busy Ridgewood commercial district with strong foot traffic and excellent accessibility. Spacious Interior (8, 000 sq ft): Open floor plan with high ceilings, dance floor, stage area, VIP seating, bridal room, and professional décor. Established Client Base: Bookings for weddings, sweet 16s, corporate functions, baby showers, and community events. Strong Revenue Potential: High demand for event spaces in NYC makes this an attractive business for both owner-operators and investors. Versatile Use: Can continue as an event venue or be adapted for a bar/lounge, performance hall, cultural center, studio, or other entertainment concepts. Ample Resources Included: Tables, chairs, lighting, sound equipment, bar setup, décor elements, and operating inventory. Why This Business Stands Out Event venues in New York City are consistently in demand, and Ridgewood’s rapid growth adds even more value. Lottus Event Center combines size, location, and reputation—making it an exceptional opportunity for anyone looking to enter or expand in the hospitality and events industry.
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William Raveis Real Estate
Phone: 888.699.8876
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William Raveis Mortgage, LLC
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Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $400,000 | $400,000 | $400,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 5.990% | 5.125% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.285% | 6.132% | 5.415% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $2,271 | $2,396 | $3,189 |
| Total Monthly Payment | $2,363 | $2,488 | $3,281 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.