
Asking Price Reduced!! Fully Built Restaurant Coop for Sale!
Fully Built Restaurant Coop For Lease or Sale
Marketing description
Price Reduced to Sell!! Perfect situation for an end user restaurant to buy their own property to occupy. This coop is currently a fully built and previously a functioning restaurant with approximately 2,200 gross square feet on the ground floor and 2,250 gross square feet in the basement, ( sf as listed in the Coop offering plan) and available for possession upon closing. Previous tenant was operating as Bocca Restaurant and had a full liquor license in place, venting, gas and full 2nd generation restaurant infrastructure.
About $3m in assessments in the last 3 years have been paid in full for major capital improvements in the building with large reserve fund remaining which reduces the likelihood of assessment costs in the near future.
Owner strong preference to Sell the Coop unit but will consider very strong offers to Lease. This is an ideal situation for someone to purchase their own space for restaurant end user.
Next door to the renowned Craft Restaurant by Tom Colicchio and across the street from Jean George’s ABC Cocina Restaurant, this opportunity is located in the middle of where Union Square. Flatiron & Gramercy Park meet. Very strong mix of food & beverage operators in the area as well as major office/residential tenants. Close to the 6 train at 23rd and Park and R,W at 23rd & Broadway and 4,5,6,N,R,W,Q,L trains at Union Square. Neighbors Include: Craft Restaurant ♦ Vallata ♦ Starbucks ♦ Laser Away Flatiron ♦ Chase Bank ♦ Casa la Femme ♦ abcV ♦ ABC Carpet & Home and more.
Investment highlights
Prime restaurant/coop which is a highly sought asset in NYC in a prime location.
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