2 story building with finished lower level, consisting of restaurant/bar/cabaret and separate grocery store, located in the heart of Corona, Queens. Built in 1987 and completely renovated in 2010 (total renovation cost over $1.5 million). Both the grocery and the restaurant/bar/cabaret are occupied. This offering represents a superb opportunity to capitalize on soaring rents and interests in the neighborhood.
*CAN BE DELIVERED VACANT* Lot Dimensions: 45.4 ft. x 100 ft. (approx.) Building Dimensions: 45.5 ft. x 61 ft. (approx.) Stories: 2 Building Square Footage: 7,271 sq/ft (approx.) Zoning: M1-1 Taxes (16/17): $23,218
Current Cap 4% Projected 7% Cap
For more information contact: Andrew Markowitz 917-548-9533 or John Bizik at 347-285-9814
Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.
Seller's Representative: Andrew J. Markowitz Real Estate, LLC