Fully functioning restaurant near the Central Park, New York, USA

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Fully functioning restaurant near the Central Park, New York, USA

$17,575,000
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  • Yield
    4.3%
Details
Property parameters
  • 8-floor building
Financial performance
  • Annual income: $726,510
Tenants
  • Fully let

A restaurant with renovated kitchen installation on the ground floor.

Description

The restaurant has two entrances. The length of the street facade is 25 feet (7.6 m) on one side, and 30 feet (9.1 m) on the other.

There is a Liquor License.

Financial performance

The cost of the property is 17,575,000 $.

The absolute annual income is 759,240 $.

The current yield of 4,3%.

Location and nearby infrastructure

The property is located in the prestigious area of ​​Midtown near the Central Park.

The building has an excellent location: within walking distance to Metro Line 8, Central Park, Time Warner Building, Broadway, the theater district, 5th Avenue, shops and much more.

Midtown — is the busiest business- and tourist district of New York, there are a lot of modern high-rise buildings, the restaurants, the district is famous for Broadway theaters, numerous large stores, Grand Central Station and St. Patrick's Cathedral.

Travel time to:

  • John F. Kennedy Airport — 35 minutes by taxi (without traffic jams)
  • La Guardia airport — 25 minutes by taxi (without traffic jams)
  • Times Square — 10 minutes by subway
  • Wall Street/ Financial District — 25 minutes by taxi (without traffic jams)

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