145 Tulip Avenue, Hempstead (Floral Park), NY, 11001 | $1,199,000

Have you ever wondered what the secret is to running a successful bar and restaurant for many years? It's owning the building. This property has housed a thriving bar and restaurant since 1926-that's nearly 100 years of proven success! The current owners of Jack Duggan's Irish Pub and Restaurant, who have been in business for over 20 years-to no surprise-also own the building. Now, they're ready to pass the torch. This is the perfect opportunity to own both the building and the business-a dream chance for any entrepreneur looking to step into an established, successful venture. Upon entering the ground level, you'll find a vibrant bar and restaurant space, fully equipped to serve patrons. The main dining area is designed for comfort and style, providing an inviting atmosphere for guests. A complete, fully equipped kitchen supports high-efficiency service. Upstairs, a beautifully appointed private party room offers an elegant setting for special events. This space features a full bar and a cozy fireplace, creating the perfect ambiance for intimate gatherings, celebrations, or exclusive dining experiences. The room is flooded with natural light, thanks to a charming skylight. Additionally, the party room may be converted into apartments, providing a unique opportunity for mixed-use development. The basement adds operational value with extensive storage, including walk-in freezers and an office to manage the business efficiently. Almost everything you see is included with the sale, from all the expensive commercial equipment and TVs to the furniture and fully equipped kitchen, restaurant and party room that features a second full bar. While liquor and beer are separate, the property comes with everything else you need to hit the ground running and be open for business the day you take ownership. Such tremendous value. Outside, this high-visibility corner property is ideally situated beside the Long Island Rail Road station and just minutes away from the UBS Arena, Belmont Park redevelopment, and new retail and entertainment complexes. Plus, with a convenient public parking lot out back, it's a prime location for customers. This is the perfect opportunity to own both the building and the business-a dream chance for any entrepreneur looking to step into an established, successful venture. Schedule your private showing today.

Features

  • Town: Hempstead
  • Property Type: Business Opportunity
  • Current Use: Food Service, Other
  • Levels: 2
  • Acreage: 0.04
  • MLS#: 3585644
  • Days on Market: 29 days
  • Website: https://www.raveis.com
    /prop/3585644/145tulipavenue_hempstead_ny?source=qrflyer
Listing information has been assembled from various sources of varying degrees of reliability. Any information critical to the buying decision should be independently verified.Listing courtesy of BERKSHIRE HATHAWAY   Phone: 631-642-6212

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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

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  • Is available to meet with you in our office, your home or office, evenings or weekends
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145 Tulip Avenue, Hempstead (Floral Park), NY, 11001

$1,199,000

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 Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $959,200 $959,200 $959,200
Term 360 months 360 months 180 months
Initial Interest Rate** 5.500% 6.250% 5.750%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.821% 6.396% 5.990%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $5,446 $5,906 $7,965
Total Monthly Payment $5,571 $6,031 $8,090

* 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.