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124 Irving Avenue Bushwick, NY 11237
$159,000
  • Commercial
  • 750 SqFt
  • Mixed Use
  • ML# 3589912

Property Details

Overview

Charming Turn-Key Coffee Cafe and Bar in Bushwick! Step into a golden opportunity with this meticulously designed Coffee Cafe and Cocktail Bar, nestled in the heart of the vibrant and trendy Bushwick neighborhood in NY. This establishment isn’t just a business; it’s an experience crafted with expertise and care. With 750 sqft of interior space, a secure 6-year lease with an option to renew, and a manageable monthly rent of $3, 713.15, this cafe boasts high-quality fixtures and furnishings valued at $41, 300, and quality construction investments of $86, 976. Located in a prime spot with excellent visibility and foot traffic, it generates an annual gross income of $180, 000 and a net income of $120, 000, demonstrating substantial profitability. The business has significant growth potential with full-time operations, and comprehensive startup expenses of $153, 105 have been meticulously covered to ensure a seamless transition for new owners. Valued at $71, 095 for its goodwill and market potential, this business is offered at $159, 000, presenting a commercially sound investment that promises financial rewards and the joy of running a beloved local hotspot. Secure your future in the heart of Bushwick today!

Key Facts

  • SqFt: 750.00

Interior & Utilities

  • Heat: ENERGY STAR Qualified Equipment, Hot Water, Natural Gas
  • Sewer: Public Sewer

Business

  • Fixtures & Equipment: 41300
  • Business Age: 2
Listing Information provided courtesy of Prime America Real Estate Inc  347-725-3142
OneKey™ MLSThe source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. Information Copyright 2020, OneKey™ MLS
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Cell: (516) 298-5382
Contact

JUDY FRUITBINE

Licensed Associate Real Estate Broker

Cell: (516) 298-5382 Email: jfruitbine@aol.com