9
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$159,000
Est. payment /mo
Pending
124 Irving AVE Brooklyn, NY 11237
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UPDATED:
01/23/2025 05:09 PM
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Pending
Purchase Type For Sale
MLS Listing ID KEYL3589912
HOA Y/N No
Originating Board onekey2
Rental Info No
Property Sub-Type Mixed Use
Property Description
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!, Additional information: Business Located At:124 Irving Avenue, Bushwick, NY,fix equip:41300,Leasehold Improvements:86976
Location
Province NY
County Kings (brooklyn)
Interior
Heating ENERGY STAR Qualified Equipment, Hot Water, Natural Gas
Fireplace No
Exterior
View City
Private Pool No
Building
Sewer Public Sewer
Others
Special Listing Condition None
Listed by Prime America Real Estate Inc