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245 Merrick Road, Hempstead (Lynbrook), NY, 11563 | $525,000
Excellent opportunity to own and operate a thriving restaurant/diner business in a standalone building centrally located on Merrick Road in Lynbrook. This restaurant has been a staple in the community serving breakfast, lunch and dinner since its major renovation in 2015. With approximately 2, 010 square feet of space, the restaurant can comfortably seat up to 77 guests. The restaurant has garnered excellent online reviews, reflecting its strong reputation and consistent quality. Key features include an existing beer and wine license, spacious 7x11 walk-in freezer, two 8-foot Ansul systems, a convection oven, and deep fryers. The business is positioned close to public transportation, including the Lynbrook LIRR station, making it easily accessible for customers. This sale is an ideal opportunity for entrepreneurs or seasoned restaurateurs looking to expand their portfolio. All fixtures, fittings, and equipment are included, making this a truly turnkey operation. Detailed financials and additional business information are available upon request. Note: This sale is for the business only, real estate is not included.
Features
- Town: Hempstead
- Property Type: Business Opportunity
- Current Use: Food Service
- Acreage: 0.08
- MLS#: 3575437
- Days on Market: 85 days
- Website: https://www.raveis.com
/prop/3575437/245merrickroad_hempstead_ny?source=qrflyer
William Raveis Family of Services
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Customer Service
888.699.8876
Contact@raveis.com
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Sarah AlvarezVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 1880936
347.223.0992
Sarah.Alvarez@Raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
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Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance
860.690.5052
Robert.Reade@raveis.com
Our Insurance Division:
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Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
245 Merrick Road, Hempstead (Lynbrook), NY, 11563
$525,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Sarah Alvarez
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.Alvarez@Raveis.com
NMLS Mortgage Loan Originator ID 1880936
|
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $420,000 | $420,000 | $420,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 7.477% | 7.159% | 6.296% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $2,794 | $2,791 | $3,542 |
| Total Monthly Payment | $2,886 | $2,883 | $3,634 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
NY Licensed Mortgage Banker-NYS Banking Department LMBC 106535