About This Restaurant
Investment Highlights
Prime Corner Location in the Center of Town Close to Beach Surrounded by successful restaurants
Executive Summary
Location, location, location! Welcome to the heart of Sea Cliff, where local charm meets opportunity! This mixed-use, income-producing property has a PRIME corner location in the center of town and is comprised of 2 retail spaces-1 approx 850 sq ft and 1 approx 2000 sq ft, delivered vacant, plus five apartments, all currently rented. The larger retail space, a beloved deli since 1906, offers a host of possibilities and features hardwood floors, copper ceilings and bright sunny windows.
Property Details
- Sale Type Investment or Owner User
- Property Type Retail
- Property Subtype Restaurant Restaurant General Retail Bar General Retail Storefront General Retail Storefront Retail/Residential Restaurant
- Building Size 5,822
- Year Built/Renovated 1972/2018
- Price 2,999,000
- Price Per SF 515
- Cap Rate 6.92
- NOI 207,600
- Percent Leased 100
- Tenancy Multiple
- Building Height 2 Stories
- Building FAR 1.57
- Land Acres 0.09 AC
Amenities
- Air Conditioning
Property Taxes
| Parcel Number | 2423-21-136-00-0308-0 | Improvements Assessment | $1,042 |
| Land Assessment | $6,669 | Total Assessment | $7,711 |
| Date Created: | 2024-07-16 04:18:00 | Last Updated: | 2024-07-16 04:18:00 |
| Address: | 301 Ave , Sea Cliff, New York, 11579 | ||