Welcome to your next business venture! Nestled on the picturesque island of Broad Channel in Queens, this exceptional Bar/Restaurant is a prime opportunity for entrepreneurs seeking to tap into the vibrant hospitality scene of New York City. Strategically positioned on the bustling Cross Bay Blvd. , a prominent thoroughfare at the doorstep of Rockaway Beach, this establishment boasts unparalleled visibility and accessibility, ensuring a steady flow of foot traffic and passing clientele. Spanning a generous lot size of 100 x 95, the property offers ample space for both business operations and residential living. Upstairs, a cozy 3-bedroom apartment awaits, complete with one full bath and one half bath, providing convenience and flexibility for owners or staff accommodation. Step outside onto the back deck, where guests can unwind in the inviting ambiance of the yard. There is plenty of outside storage in the garage. With a dedicated parking lot accommodating 10-12 cars, patrons will appreciate the convenience of hassle-free parking, enhancing their overall experience. Equipped with a fully functional kitchen, this establishment is primed to cater to diverse culinary cravings, offering a delectable menu featuring everything from juicy burgers to zesty hot wings and beyond. The sale includes a comprehensive inventory of essential equipment and furnishings, ensuring a seamless transition for new owners. From bar stools to refrigerators, soda systems to flat-screen TVs, every detail has been meticulously accounted for, setting the stage for success from day one. Whether you're a seasoned restaurateur looking to expand your portfolio or an aspiring entrepreneur eager to make your mark, this turnkey Bar/Restaurant presents a rare opportunity to carve out your niche in one of New York City's most dynamic neighborhoods. Don't miss your chance to elevate your business dreams to new heights.
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Our Executive Mortgage Banker:
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$975,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.Alvarez@Raveis.com
NMLS Mortgage Loan Originator ID 1880936
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $780,000 | $780,000 | $780,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.625% | 6.500% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.955% | 6.612% | 6.182% |
Monthly Tax Payment | $137 | $137 | $137 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,490 | $4,930 | $6,582 |
Total Monthly Payment | $4,719 | $5,159 | $6,811 |
* 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.