158-09B Northern blvd, Flushing, NY 11358

$4.00/SF/month List Price

Off Market

Listing ID	10509236



Property Type	Commercial Business



County	Queens



Township	Queens

Neighborhood	Flushing



FEMA Flood Map	fema.gov/portal



Year Built	2016

Virtual Tour

Profitable Korean Restaurant Business for Sale

Conveniently located Korean restaurant in the heart of Northern Blvd.Flushing NY Whole Business model for sale, includes soft liquor license, menu recipes, vendors contacts, free basement storage use. Cap rate is 85%

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Property Details

1 Half Bath
900 SF
1100 SF Lot
Built in 2016
Renovated 2016
1 Story
Available 6/29/2018
Slab Basement
200 Lower Level SF

Renovation: Imported kitchen appliances and fixtures from Korea. Newly renovated seating area for customers.

Interior Features

Ceramic Tile Flooring
Fire Sprinklers
Forced Air
Gas Fuel

Exterior Features

Manufactured (Single-Section) Construction
Municipal Water
Municipal Sewer
Near Bus
Near Train

Commercial Info

Lease Length: 5years
Gross Lease Term
Lease Sq Ft: 1100
Price Year 1: 4775
Price Year 2: 4942
Price Year 3: 5115
Annual Increase: 3.5%
Monthly Price Sq Ft: 4.00
Annual Price Sq Ft: 52.00
The Basac Inc. (Business Name)
Uses: Restaurant
1 Parking Space

Income/Expenses

Gross Income $619,680
Net Income $382,288
Operating Exp $186,827
Paid by Landlord: Parking

Previously Listed By

Chun Wai

KAM ROSS REALTY COMPANY

Office: 212-203-5260

Listing data is deemed reliable but is NOT guaranteed accurate.

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