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1694 2nd Avenue, New York (New York (Manhattan)), NY, 10128 | $258,000
This sushi restaurant represents a remarkable opportunity for investors or restaurateurs in the bustling Manhattan area. Here's a breakdown of the key details and advantages: Location Advantages - **Prime Commercial Area**: Positioned on 2nd Avenue, adjacent to major subway lines (N, Q, R). - **High Foot Traffic**: The restaurant is in a vibrant district with a mix of residential and commercial buildings, ensuring a steady flow of potential customers. - **Affluent Demographic**: Surrounded by high-end apartments and office spaces, the area attracts a clientele with significant disposable income. Restaurant Specifications - **Size**: Approximately 2, 900 sq ft, including a fully equipped basement. - **Patio Space**: Offers an additional 425 sq ft rear patio, enhancing the dining experience. - **Current Revenue**: Approximately $1, 600, 000 annually, indicating a solid cash flow. Financial Details - **Monthly Rent**: $19, 000, which includes property taxes. - **Lease Term**: About 7. 5 years remaining, providing stability for the new owner. Operational Highlights - **No Renovations Needed**: The kitchen and sushi bar are fully operational and stylishly designed, making it ready for immediate business. - **Social Media Presence**: The restaurant enjoys high visibility and engagement online, which can be leveraged for marketing. - **Experienced Staff**: The current team is willing to stay on, facilitating a smooth transition and continuity of service. Ideal Candidate This opportunity is perfect for those looking to: - Enter the competitive NYC dining market. - Invest in a business with a reliable customer base and stable cash flow. - Expand their existing restaurant portfolio. This sushi restaurant not only offers a chance to step into a well-established business but also allows for immediate operational benefits in a prime location. If you're considering an investment or expansion in New York's dining scene, this opportunity deserves serious attention.
Features
- Town: New York
- Property Type: Business Opportunity
- Year Built: 1918
- Acreage: 0.04
- Est. Taxes: $96,358
- MLS#: 994753
- Days on Market: 19 days
- Website: https://www.raveis.com
/prop/994753/16942ndavenue_newyork_ny?source=qrflyer
William Raveis Family of Services
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Customer Service
888.699.8876
Contact@raveis.com
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To learn more about our credentials, visit raveis.com today.
Sarah DeFlorioVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 1880936
347.223.0992
Sarah.DeFlorio@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
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1694 2nd Avenue, New York (New York (Manhattan)), NY, 10128
$258,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Sarah DeFlorio
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.DeFlorio@Raveis.com
NMLS Mortgage Loan Originator ID 1880936
|
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $206,400 | $206,400 | $206,400 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.250% | 6.490% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.474% | 6.640% | 5.972% |
| Monthly Tax Payment | $8,030 | $8,030 | $8,030 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,271 | $1,303 | $1,714 |
| Total Monthly Payment | $9,376 | $9,408 | $9,819 |
* 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