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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,995,000
Cap Rate
The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.
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Lot Size
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Building Size
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Premise Summary
High quality updated and restored historic, character-building w/ off-street parking.! Stunning Second Empire Style 9-unit in fantastic condition located in the heart of the city, 1 block from King Square! The defining heritage details of this brick & cut sandstone building have been carefully restored by one of the leading heritage conservation architects in the country while upgrading the contemporary bathrooms and industrial quality stainless steel kitchens. A perfect blending of old-world charm with modern conveniences. 1st and 2nd floor 11' ceilings, 9'6"" on the 3rd floor and 8' 6'' to 9' in the daylight finished basement. Saint John Harbour & Partridge Island can be seen from south & west facing 2nd & 3rd floor windows. The rooms are gracious, sizeable and well-proportioned w/ original decorative fireplaces (originally coal) in every living room and bedroom. Birch & book-matched maple H/W & ceramic flooring throughout. Updated thermal pane windows have been installed to match the original arch top sashes. All masonry has been repointed. Roofing has been updated to triple modified membrane (50-year warranty). Plumbing is upgraded to copper and Pex. Electrical replaced & upgraded w/ 400-amp entrance w/ separate panel for each unit + the common area. All units with stoves, fridges & microwaves, 6 with washers & dryers & 4 with dishwashers, coin operated washer & dryer, all incl. Millwork, plaster cornices & medallions, antique light fixtures all intact! (id:39198)
Location
Province
New Brunswick
City
Saint John
Address
66 Sydney Street
Postal Code
E2L2L6
Location Highlights
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Listed by
COLDWELL BANKER SELECT REALTY New Brunswick listing
Category
Property Information
Premise Status
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With Accommodation
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Tenancy
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Lot Size
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Available Space
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Building Size
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Year Built
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Years Remaining in Current Lease Term
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Renewal Options
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Operational Information
Number of Working Owners
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Current Owner - years
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FF & E
Furniture, Fixtures & Equipment that remain with the business.
Not Included
Inventory Value - approximate
Consumable items the restaurant sells or uses such as food, beverages, cleaning supplies, etc.
Not Included
Franchise
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Financial Information
Yearly Rate
$1,995,000
Asking Price
$1,995,000
Cap Rate
The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.
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NOI
Net Operating Income equals all revenue from the property, minus all reasonably necessary operating expenses.
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Gross Revenue- annual
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Cash Flow - annual
1 Take your “Net Income before Taxes”, then,
2 Add up all payments to: owners + interest + allowances for asset depreciation.
3 ADD together 1 + 2 = CASH FLOW (aka Seller’s Discretionary Earnings)
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EBITDA
Earnings Before Interest, Taxes, Depreciation, Amortization.
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Premises Size (square feet)
0
Other Information
Owner willing to Finance
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Absentee Owner
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Support and Training
Not Included
Growth and Expansion
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Market Competition
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