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Long Island City Barbershop For Sale Exclusive Offering Memorandum ____________________________________ 10-31 Jackson Ave | Long Island City, Queens Christopher Cavorti Licensed Associate Real Estate Broker 914.804.7091 [email protected] Evan F. Church Licensed Associate Real Estate Broker 917.684.0663 [email protected] Marvin Chu Licensed Associate Real Estate Broker 718.685.9430 [email protected] Donald Lai Licensed Real Estate Salesperson 917.947.9917 [email protected]

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Page 1: Long Island City Barbershop For Sale Exclusive Offering ...€¦ · Long Island City Barbershop For Sale Exclusive Offering Memorandum _____ 10-31 Jackson Ave | Long Island City,

LongIslandCityBarbershopForSale

ExclusiveOfferingMemorandum

____________________________________

10-31JacksonAve|LongIslandCity,Queens

Christopher Cavorti Licensed Associate Real Estate Broker

914.804.7091 [email protected]

Evan F. Church Licensed Associate Real Estate Broker

917.684.0663 [email protected]

Marvin Chu Licensed Associate Real Estate Broker

718.685.9430 [email protected]

Donald Lai Licensed

Real Estate Salesperson 917.947.9917

[email protected]

Page 2: Long Island City Barbershop For Sale Exclusive Offering ...€¦ · Long Island City Barbershop For Sale Exclusive Offering Memorandum _____ 10-31 Jackson Ave | Long Island City,

10-31 Jackson Ave | Long Island City, NY 11101 Lease Assignment & Key Money Sale: $200,000

EXECUTIVE SUMMARY: Prime Retail Space in the one of the most sought-after location in Long Island City on Jackson Ave. With the Flexibility to open up your business immediately or assume a Barbershop staple in the neighborhood. The area is surrounded by National tenants including local retail, restaurants, cafés, shopping and more. With asking rents over $100/SF the ability to assume the existing lease at $65/SF creates an unmatched opportunity. The offering is for a ~1150SF Turn-Key Barbershop including a lease assignment of a ~8 years remaining. The space is newly renovated, boasting 25’ of commercial frontage, high ceilings, recessed lighting, two (2) additional rooms which can be used as an office or hair washing stations, abundant window & wall space for products, and dedicated storage area in the basement. Location, Location, Location right off the Vernon Blvd -Jackson Ave (7) Subway Stop. Some of your neighbors include: Chase, MT&T, State Farm, T-Mobile, Subway, ProHealth Dental, Jackson’s Eatery & Bar, Corazon De Mexico, Casa Enrique, Café Henri, Hupo, Bareburger and more. All material herein is intended for information purposes only and has been compiled from sources deemed reliable. Though information is believed to be correct, it is presented subject to errors, omissions, changes or withdrawal without notice.

Page 3: Long Island City Barbershop For Sale Exclusive Offering ...€¦ · Long Island City Barbershop For Sale Exclusive Offering Memorandum _____ 10-31 Jackson Ave | Long Island City,

10-31 Jackson Ave | Long Island City, NY 11101 Current Information:

General:

Current Monthly Rent $6,180

Approximate Lease Term Remaining ~8 Years Remaining

Increases: 3%

RE Taxes: 33% of the building (currently $266 monthly)

Insurance: Variable

Electric: Direct to Tenant

Gas: Covered by Lease

Water/Sewer: Covered by Lease

Garbage: ~$46 monthly

Internet: ~$100-125 monthly

All material herein is intended for information purposes only and has been compiled from sources deemed reliable. Though information is believed to be correct, it is presented subject to errors, omissions, changes or withdrawal without notice

Page 4: Long Island City Barbershop For Sale Exclusive Offering ...€¦ · Long Island City Barbershop For Sale Exclusive Offering Memorandum _____ 10-31 Jackson Ave | Long Island City,

Real estate agents affi liated with The Corcoran Group are independent contractors and are not employees of The Corcoran Group. Equal Housing Opportunity. The Corcoran Group is a licensed real estate broker located at 660 Madison Ave, NY, NY 10065. All information furnished regarding property for sale or rent or regarding fi nancing is from sources deemed reliable, but Corcoran makes no warranty or representation as to the accuracy thereof. All property information is presented subject to errors, omissions, price changes, changed property conditions, and withdrawal of the property from the market, without notice.

Workout Factory

Beyond Movement Fitness

Hinds Combat Sports

Westside Pilates

Chase Bank

MT&T Bank

Urgent Care

State Farm

Allstate

Subway

Western Union

T-Mobile

ProHealth Dental – Mount Sinai

LIC Dog Park

LIC Community Garden

Andrews Grove

Old Hickory Playground

Hunters Point Community Park

Bierocracy*

Jackson’s Eatery & Bar

Gantry Bar & Kitchen

Domaine Wine Bar

Alewife NYC

Dominie’s Hoek

Woodbines

Bellwether

nuLook

Café Henri

Tournesol

Tuk Tuk

Hibino LIC

Casa Enrique*

Bareburger*

Jora*

Mu Ramen

Health & Wellness

Chains

Parks

Bars & Nightlife Restaurants & Cafés

11223344

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Get to Know the Neighborhood

sLICe*

Spice

Bella Via

Tamashi

Takumen

Corazon De Mexico

Manetta

Vernon Blvd – Jackson Ave (7)Subway

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23

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910

1112

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34

56

7

8

1

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4 678

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45

6

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10-31 Jackson Ave.

Donald Lai917.947.9 917d la i@corcor an.com

Chris Cavorti914.8 0 4.70 91cc avor t i@corcor an.com

The Forray Team

Page 5: Long Island City Barbershop For Sale Exclusive Offering ...€¦ · Long Island City Barbershop For Sale Exclusive Offering Memorandum _____ 10-31 Jackson Ave | Long Island City,

200 Bedford Avenue | Brooklyn, NY 11249 More Pictures:

Exclusively Marketing Through

The Forray Team @ The Corcoran Group

Christopher Cavorti Licensed Associate Real Estate Broker

914.804.7091 [email protected]

Evan F. Church Licensed Associate Real Estate Broker

917.684.0663 [email protected]

Marvin Chu Licensed Associate Real Estate Broker

718.685.9430 [email protected]

Donald Lai Licensed

Real Estate Salesperson 917.947.9917

[email protected]