485 3rd Ave, New York, NY 10016, USA

485 3rd Ave, New York, NY 10016, USA
$ 549,000
  • Date added: 11/23/17
  • MLS ID#: 1113955
  • Type:
  • Status:
  • Company Name: Martinelli Realty, Inc.
  • List Price/ Sq Ft: $ 220
  • Year Started: 1992

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Description

Turn-key profitable True Value HardwareStore business for sale, over 24 years in business. Gross Annual Sales of $700,000., average 60% margin, expenses include rent, taxes, utilities, insurance, stock etc. Conveniently located in prime busy NYC area. The store is 2,500 SF of space and has storage. Benjamin Moore authorized dealer, True Value Member. All inventory is included (Approx. $100,000. of stock). The Rent is $15,000 per month and has 8 years left on Lease Term. Current market rate for this area is $125-130. per SF. The new buyer can further boost sales by expanding product lines and offer various in-home services, etc. (plumbing supplier recently closed around corner). Owners retiring – Tremendous growth potential, take this business to the next level! Asking $549,000

  • Area Name: Off Island
  • Business Name: Render Hardware True Value
  • Business Type: Hardware/Paint

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Details

  • Parcel ID: 00913-0001
  • # Units: 1
  • Zoning: C1
  • Section: N/A
  • Air Conditioner: Central

Main Features

  • Electric: 110,220
  • Heat Source: Gas
  • Heat System: Forced
  • Sewer: City

Agent

Properties Qty: 1 Rating:
Elliot Sosinov elliotferro@gmail.com Office Phone: (718) 948-2800 Primary Phone: (917) 439-9589

Building

  • Building Sq Ft: 2500.00 sq ft

Income & Expenses

  • Gross Income: $ 700,000
  • Total Expense: $ 480,000
  • Net Income: $ 220,000
  • Taxes: $ 3,000
  • Owner Finance: No
  • Monthly Rent: $ 15,000

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