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$ 150,000
Est. payment | /mo
2,000 SqFt
$ 150,000
Est. payment | /mo
2,000 SqFt
Key Details
Property Type Commercial
Sub Type Business Only
Listing Status Active
Purchase Type For Sale
Square Footage 2,000 sqft
Price per Sqft $75
MLS Listing ID 503244
Annual Tax Amount $420
Property Sub-Type Business Only
Property Description
Exceptional opportunity to acquire a fully equipped pizzeria in a high-traffic Manhattan location, offering outstanding visibility and strong foot traffic.This versatile business features approximately 2,000 square feet plus a full basement, providing ample space for operations, storage, and future growth. The sale includes all owned equipment, a fully equipped pizzeria inventory valued at approximately $60,000, and 3–4 TVs, making it a true turnkey opportunity for an owner-operator or investor. The current lease has 8½ years remaining, plus a 5–6 year extension option, with a monthly rent of $8,240 that increases by just 3% annually. Operating expenses are favorable, with no water bill, gas and electric averaging approximately $1,750 per month, no separate heat bill, insurance of approximately $350 every three quarters, and taxes of approximately $35 per month with a 3% annual increase. The business currently generates approximately $50,000 in monthly gross sales, spends about $2,000 per week on inventory, and has a payroll of approximately $2,500–$3,000. The space is equipped with central A/C and heat and offers exceptional flexibility, as it can be converted into virtually any business concept, making this an outstanding opportunity to establish or expand your business in one of Manhattan's busiest commercial corridors.
Location
State NY
County New York (manhattan)
Area Upper East Side
Zoning C8-4
Rooms
Basement Full
Interior
Interior Features Other
Equipment Fully Equipped with everything included
Exterior
Roof Type Other
Present Use Other
Building
Foundation Other
Others
Financing Cash
Listed by BHHS Fillmore R.E.
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477 Madison Ave 6th Floor, New York, NY
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