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4 Route 303, Tappan, NY, 10983 | $12,000
Well-Known Korean BBQ Restaurant for Sale – Northern New Jersey / Rockland County, New York A highly reputable Korean BBQ restaurant is now available for sale. The current owner has successfully operated this family-run business for the past 23 years and is now planning to retire. The restaurant is ideally located in Northern New Jersey, with close proximity to Upstate New York. It enjoys a strong and diverse customer base, attracting not only the local Korean community but also a high volume of general and international clientele. This prime location benefits from steady traffic, particularly from visitors returning from popular recreational destinations in Upstate New York, including golf courses, camping sites, fishing areas, and ski resorts. The surrounding area continues to grow, with a new supermarket opening nearby and additional popular dining options, contributing to a vibrant and expanding commercial district. There is significant upside potential. With some upgrades and refreshed management, the business can achieve even higher revenue. Four purchase options are available: Building and Business Package: $2, 800, 000 Building Only: $2, 150, 000, with leaseback tenant (6. 70% cap rate) Business Only: $650, 000, with $12, 000/month + property tax (NNN) Further details are available upon request.
Features
- Property Type: Retail
- Construction: Brick
- Utilities: Electricity Connected
- Heating: Natural Gas
- Cooling: Central Air
- Acreage: 0.49
- Est. Taxes: $27,942
- Lease Term Type: Over 12 Months
- MLS#: 987551
- Days on Market: 2 days
- Website: https://www.raveis.com
/prop/987551/4route303_tappan_ny?source=qrflyer
William Raveis Family of Services
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888.699.8876
Contact@raveis.com
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- Market your home to realize a quick sale at the best possible price
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To learn more about our credentials, visit raveis.com today.
Frank KolbSenior Vice President - Coaching & Strategic, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 81725
203.980.8025
Frank.Kolb@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Ryan FortierInsurance Sales Director, William Raveis Insurance
516.739.7731
Ryan.Fortier@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
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Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
4 Route 303, Tappan, NY, 10983
$12,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Frank Kolb
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
|
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $9,600 | $9,600 | $9,600 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.875% | 6.125% | 5.375% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.357% | 6.304% | 5.648% |
| Monthly Tax Payment | $2,329 | $2,329 | $2,329 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $57 | $58 | $78 |
| Total Monthly Payment | $2,460 | $2,461 | $2,481 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
NY Licensed Mortgage Banker-NYS Banking Department LMBC 106535