Asking Price: $2,600,000 Gross Revenue: Not DisclosedNet Operating Income: Not DisclosedFF&E: Not Disclosed included in asking priceBuilding Sq. Ft.: 4373.00Price/Sq. Ft.: Not DisclosedShare this business:
Explanation of Financial Terms
The total asking price of the property for sale.
All income the business received before any cost-of-sales or expenses have been deducted.
Net Operating Income
Net Operating income (NOI) equals operating revenue less operating expenses.
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.
Magnificent property, built-out as a turn-key, modern restaurant operation, together with two, one-bedroom residential rental units. Restaurant can accommodate approximately 80+ customers.
Note: This is not the sale of a restaurant business, but the "as-is" sale of the entire building, complete with all restaurant equipment, furniture and fixtures.
Building gut renovated in 2010 with all new infrastructure and many extras.
About the Property
Basement: Kitchen space outfitted with large walk-in refrigerator and freezer units, preparation area, dishwasher, 3-floor dumbwaiter, ice-maker, and much, much, more.
Ground Floor: Bar and Grill areas, complimented by outdoor, rear yard seating and business access rights to newly constructed Myrtle Avenue Plaza.
Second Floor: Dining Room space with outdoor second floor balcony eating space.
Third Floor: Two, one bedroom units, with separate staircase access -- one large simplex, one duplex with spiral staircase.
Fantastic, high foot traffic location within the Myrtle Avenue BID. Business access rights to newly constructed Myrtle Avenue Plaza, and easy access to all mass transit.
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