Amazing opportunity to purchase a restaurant business on Parsons Blvd. Please note the property is not for sale, just the business. All info deemed accurate, not guaranteed. Buyer to re-verify. 5 year lease in place expiring in 2029 with monthly rent of $3,750. rent increased 3% yearly. Lease can be cancelled with 6 mos notice but the 3 mos deposit wont be returned. Total utility and insurance bill about $1,100 monthly (insurance, electric, water, gas). Fully equipped kitchen and walk in refrigerator, customer seating area, and basement storage space all included. The restaurant grosses about $23,000 in monthly sales so projected $276,000 yearly., Additional information: Business Located At:83-30 Parsons Blvd, Jamaica, NY
83-30 Parsons Boulevard, New York, (Jamaica), NY, 11432
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The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) 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.
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