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451 Atlantic Avenue, E. Rockaway (East Rockaway), NY, 11518 | $399,000
Exceptional turnkey restaurant business for sale in a highly visible corner strip center at the signalized intersection of Atlantic Avenue and Ocean Avenue in East Rockaway. Situated just one block from Main Street and within close proximity to the East Rockaway LIRR Station, this prime location benefits from outstanding vehicle exposure, pedestrian traffic, and easy accessibility. With approximately 10 years remaining on the lease, this fully built-out restaurant offers seating for up to 80 patrons with a flexible dining layout featuring bar seating, booths, four-top tables, and two-top tables. The commercial kitchen is fully equipped with a 12-foot hood, Ansul fire suppression system, six-burner range, flat top grill, four deep fryers, three-compartment sink, brand-new ice machine, refrigeration, freezers, floor drains, and ample prep space. Additional features include central HVAC, two hot water heaters, eight flat-screen TVs, and basement access with a walk-in box and abundant storage. This is an outstanding opportunity for an owner-operator or investor to acquire a fully operational restaurant in one of East Rockaway's most established commercial corridors.
Features
- Town: E. Rockaway
- Property Type: Business Opportunity
- Construction: Block
- Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
- Levels: 1
- Heating: Ducts
- Cooling: Central Air
- Year Built: 1928
- Acreage: 0.47
- Lot Desc: Corner Lot, Near Golf Course, Near Public Transit
- Elem. School: Centre Avenue Elementary School
- Middle School: East Rockaway Junior-Senior High Sch
- High School: East Rockaway Junior-Senior High Sch
- School District: East Rockaway
- Appliances: Dishwasher, Exhaust Fan, Freezer, Gas Cooktop, Gas Oven, Gas Range, Ice Maker, Microwave, Refrigerator, Stainless Steel Appliance(s)
- MLS#: 1028013
- Days on Market: 1 day
- Website: https://www.raveis.com
/prop/1028013/451atlanticavenue_erockaway_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.
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
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451 Atlantic Avenue, E. Rockaway (East Rockaway), NY, 11518
$399,000
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 | $319,200 | $319,200 | $319,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.250% | 6.750% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.474% | 6.902% | 6.098% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,965 | $2,070 | $2,672 |
| Total Monthly Payment | $2,040 | $2,145 | $2,747 |
* 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