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20227884
20227880

1520 Sheepshead Bay Road, Brooklyn, NY 11235

IZ
NY, New York
Citi Star Realty
Listed by Citi Star Realty
$119,000
614 days on market
Updated 586 days ago

1520 Sheepshead Bay Road

Details
Property Type Retail
Sub Type Restaurant
Square Footage 600
Units 1
Cap Rate 2.68%
NOI $319,430
Lot Size (SqFt) 600
Ceiling Height 11-15 Foot

Retail | 2.68% CAP | 600 SF

Marketing description

LOCATION! LOCATION! LOCATION! Busy Georgian bakery and restaurant is a clean, friendly environment waiting to be yours. Designed wood panels fill the walls giving a comfortable feel along with the authentic Georgian food which is also pre-packaged, fresh baked goods and a cozy ambiance. This gorgeous bakery comes equipped with 2 stoves, 6 refrigerators, glass counter tops for display, under-the-counter refrigerated displays, stools, shelving units, an ice cream freezer, all current utensils and all current miscellaneous kitchen appliances. The bakery's annual expenses are $100,570; the monthly expenses are $8,381 and the monthly breakdown of expenses are follows: fuel $250, electric $500, taxes $88, water/sewer $160, payroll $3,467, insurance $117 and rent $3,800. The annual income is $420,000 leaving its new owner with roughly $319,430 annually! The bakery has the capacity to serve seated customers and take-out customers, as well. Close to everything: near Sheepshead Bay train station, tons of shops, buses, banks, Emmons Avenue, Sheepshead Bay and much, much more!
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Listing Contacts

IZ
NY, New York
Citi Star Realty
Listed by Citi Star Realty

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$319,430.00
$26,619.17/mo

Valuation Metrics

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DSCR
268.43%
Cap Rate
268.43%
ROI

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