IPG Real Estate Now Accepting Offers for Popular Manhattan Street Cafe
Industry: Real Estate
A new investment opportunity for food industry operators
New York, NY (PRUnderground) August 26th, 2015
For NYC real estate investors searching for their next turnkey opportunity in the food industry, it has arrived. The latest street cafe to hit the market in Manhattan nets over $250K with an asking pricetag of $599,000.
This 57th Street café featuring a salad bar, pasta bar, sandwich bar, char-broiled station, and brick oven pizza upstairs, is grossing $35,000 per week in one of the best Manhattan neighborhoods. 57th street, east of Park Avenue, is teeming with wealthy residents, tourists and shoppers.
With seven years left on the lease of this 2200 square foot space, the purchase will provide a substantial net income for an experienced food business operator. Currently seating over 50 and employing 14, the exposed brick, wood and slate tile floors, and a towering storefront window provide a welcoming atmosphere to this tidy dynamo.
“The owner is looking to move quickly on this sale,” said Keith Radhuber of IPG Real Estate. “All reasonable offers will be considered.”
For additional details or to view the space, contact Keith Radhuber at kradhuber (at)realestateipg (dot) com or call/text (848) 667-6622.
About International Properties Group
International Properties Group is a full service real estate company involved in commercial and residential real estate specializing in investment sales, office & retail leasing, asset management and sourcing financing.