Overview

Description

32-Year Established Restaurant & Party Hall Business with Freestanding Building and Parking in Downtown White Plains, NY
• For Sale: $3.75 Million
• Seller Financing: 70% at 7%
• Contact Owner: Koshy Chacko
• Phone: 914-946-3000
• Email: fairdealcafe@gmail.com
Property Overview:
• Operating Restaurant with Full Liquor License
• 3 Catering Halls
• Outdoor Café
• Two Offices
• Conference Room
• Sunroom
• Elevator
• Four Restrooms
• Three HVAC Units
• Kitchen Equipment Included
Building Details:
• Location: Downtown White Plains, NY
• Size: 9000 sq. ft. Building on 6750 sq. ft. Property
• Construction: Steel and Masonry
• Year Built and Renovations: Original: 1946, Expanded 2000, 2004, Renovated: 2023
Interior Features:
• Up to 20' High Ceilings
• Large Halls
• Full Basement
• Elevator
• Two Offices
• Conference Room
• Four Restrooms
• Commercial Kitchen in Basement
Utilities:
• 400-Amp Electrical Service
• 4" Gas Connection
HVAC:
• Three Heating/AC Rooftop Units (20-ton, 12-ton, and 10-ton)
Safety Features:
• Sprinklers
• Burglar Alarm System
• Security System
Parking:
• 14 Spaces on Side and Back of Building
• Street Parking and Two Municipal Parking Structures Nearby
Location:
• Central Business District
• Walking Distance to Hotels, Shopping Centers, and Mass Transit
Area Development:
• Rapid Growth with Several Large Apartments Completed and Under Construction
High Visibility:
• High Traffic and High Visibility Frontage
Appraisal:
• Appraised by Westchester Bank in 2019 and North State Bank in 2020 for $3,000,000

Usage:
Retail, Restaurant, Medical, Multi-Story Residential, Health Club, Daycare, Religious Institutions, Schools, Professional Offices.
Owner:
Koshy Chacko, 914-946-3000, fairdealcafe@gmail.com
253 Mamaroneck Ave, White Plains, NY 10605

Highlights

• Opportunity to own and operate low cost Event Space and Restaurant in rapidly expanding City
• Invest just 30% of the purchase price to own a Prime Property in a major City
• 70% Seller Financing at 7%
• Renovated in 2023
• Rapidly expanding City of White Plains

Documents

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