This deli presents a great opportunity for potential buyers! Here are the key highlights:
Location: Prime spot in the Bronx, right next to a busy subway station with multiple bus routes nearby, ensuring high foot traffic.
Well-Established: Operating for 25 years, offering a reliable reputation and customer base.
Financial Highlights:
Annual turnover exceeding $900,000.
Monthly lottery income over $8,000.
Retail liquor income exceeding $2,000 per month.
Low overhead with a rent of $4,100 per month on a long-term lease (10 years + 5-year + 5-year extensions). which appears reasonable given the consistent revenue and profit potential.
200 E 170th Street, New York, (Bronx), NY, 10456
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
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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