Take advantage of this rare chance to own a well-established Irish-themed restaurant and bar in the heart of Tomkins Cove, with significant income potential. This beautifully renovated 4, 000 sq. ft. building, updated in 2006, expertly blends modern amenities with classic charm. The 2, 600 sq. ft. restaurant accommodates 96 guests indoors, featuring a fireplace, fully stocked bar, and a warm, inviting dining area adorned with rich mahogany and wood trim, creating a truly authentic atmosphere. Outdoor seating is available, with room for expansion to increase capacity. The restaurant is fully equipped with high-end commercial-grade appliances, including multiple fridges, a large walk-in freezer, and all necessary dining furniture making it a turnkey operation, ready for immediate use. Above the restaurant, two income-generating apartments offer additional value: Apt. A: 1 bed, 1 bath, living room, kitchen, Apt. B: 2 beds, 1 bath, living room, kitchen. These units provide steady rental income, enhancing the property's value as a strong investment. The building is handicap accessible and equipped with emergency lighting, a fire alarm system connected to the local fire department, and a comprehensive HVAC smoke and fire system. There's ample storage available in the detached garage and basement, along with two parking lots and plenty of street parking for guests and residents. The property also offers partial Hudson River views, further adding to its appeal. Additionally, This opportunity comes with an additional parcel of land, offering exciting potential for future development. This is a prime investment opportunity for entrepreneurs or investors looking to run a successful restaurant while benefiting from consistent rental income and expansion opportunities. Don't miss this unique chance to own a thriving business in a great location!
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Our Executive Mortgage Banker:
Our Insurance Division:
$950,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $760,000 | $760,000 | $760,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.375% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.821% | 6.474% | 6.036% |
Monthly Tax Payment | $2,792 | $2,792 | $2,792 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,315 | $4,741 | $6,362 |
Total Monthly Payment | $7,199 | $7,625 | $9,246 |
* 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.