Listed by Gateway Arms Realty Corp, Gateway Arms Realty Corp.
$979,000
18 Nelson Avenue
Details
APN 05215-0024
Property Type Business for Sale, Multifamily
Sub Type Business Only, Apartment Building
Square Footage 2,684
NOI $74,308
Year Built 1952
Buildings 1
Acreage 0.090
Zoning C1-1
Business for Sale | 2,684 SqFt
Marketing description
ATTENTION ALL INVESTORS & BUSINESS OWNER/ OCCUPIERS!! This building, located in a C1-1 zone, is comprised of a retail space currently set up as a restaurant/bar on the main floor with storage in the basement and a one family (3 Bed/1Bath) located on the 2nd floor. Each floor is approximately 1,384 Sq. Ft. The bar / restaurant is well-equipped and recently renovated. The bar includes a walk-in box and a small kitchen with all of the equipment needed to run a small restaurant. There is an outdoor patio providing space for additional entertaining. It is located in the heart of Great Kills within a short distance of the Great Kills train station, local buses and many other businesses, banks, eateries etc. For buyers not familiar with the location and the area, this is the former site of the Swiss Chalet, a beloved, now-closed restaurant serving American, Italian and German style lunch and breakfast. It was a local bar, grill and mainstay for decades and is remembered fondly for its nostalgic charm and local history. Don't miss out on this incredible investment opportunity. Call to schedule your showing today!
Showing Instructions: Initial viewing will require a pre-approval letter or bank statements and will be limited to the exterior grounds and the bar / restaurant. Buyers interested in viewing the apartment can be accommodated after submitting offers in writing, subject to viewing the property. Buyer may obtain financing; however, deal will not be subject to a mortgage contingency. Subject to Errors & Omissions.
Listing Contacts
Listed by Gateway Arms Realty Corp, Gateway Arms Realty Corp.
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$74,308.00
$6,192.33/mo
Valuation Metrics
0
DSCR
7.59%
Cap Rate
7.59%
ROI
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