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Restaurant for Sale – Long Island City, NYC Concept: Daytime Coffee, Nighttime Cocktails Annual Revenue: Over $1. 3 Million Prime LIC Location: Situated in the heart of Long Island City’s commercial district—just steps from the E, F, and 7 subway lines and surrounded by upscale residential developments, creative offices, and popular dining corridors. Space Details: - Total Area: Approx. 2, 420 sq ft, including a stylish basement bar Additional 1, 000 sq ft backyard, perfect for outdoor dining or private events - Newly renovated with a fully equipped kitchen and modern bar setup — turnkey and ready to operate immediately Financial Highlights: - Annual Revenue: $1. 3M+ - Fully Licensed: Full liquor license (hard liquor permit included) - Profitable, with flexible hours capturing both day and evening crowds Business Model: A seamless dual concept: “Early Coffee” for specialty brews, brunch, and light bites during the day, transforming into “After Alcohol” by night—offering craft beer, creative cocktails, and elevated casual dining. The model effectively doubles customer traffic and maximizes revenue potential across both time periods. Key Features: - Trendy, high-visibility design featured actively on social media - Strong neighborhood following and repeat clientele - Stable and profitable operation with mature branding - Option to retain existing management and staff for an easy ownership transition Ideal Buyer: Perfect for investors or experienced operators seeking a distinctive, thriving turnkey business in NYC’s growing food and beverage scene. Great opportunity for brand expansion or market entry into Long Island City’s booming restaurant landscape.
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Our Executive Mortgage Banker:
$280,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
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 | $224,000 | $224,000 | $224,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.990% | 6.375% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.370% | 6.524% | 5.866% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,342 | $1,397 | $1,845 |
| Total Monthly Payment | $1,417 | $1,472 | $1,920 |
* 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.