Attention Street Smart Pizzeria Buyers! The seller of this Gourmet By-The-Slice Pizzeria in a Great Manhattan Neighborhood just reduced the asking price from $600K to $360K. Please be a cash buyers who can do your due diligence quickly. If you are that person, you will find his numbers conservatively presented here. There are 13 1/2 years left on the lease for this Prime Corner Location with 1,200 square feet retail space and a clean & well-utilized basement right beneath. Rent is significantly below market and escalates every 2 to 3 years. The neighborhood's young and affluent crowd has fueled demand to stay open on Thursdays until 3am and Fridays & Saturdays until 5am. There is also a major university and hospital nearby. The pizzeria does a robust delivery business of pies and popular Italian entrees to corporate accounts during the work week.
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