48 West 39th Street
New York, NY, 10018 $ 900,000
Baths0.0 Sq 3,000 Monthly Estimate*
$ 5,982
Studio
for $900,000. This 3,000 square foot building was built on a lot size of 0.068871.
Unique opportunity. Largest barber school in NYC. Licensed by department of education and in business for 28 years. Stable business growth and a lot of room for expansion. Located close to transportation, this institute is perfect for someone that wants a new venture and is totally set up to run itself. American Barber Institute for sale. It's certified. Every student gets a diploma after finishing school and passing the test. Main location in in Manhattan NY. Located on 3 levels: Ground floor, basement and Mezzanine. 10 people work all together: 6 teachers and 4 administrators. There are 3 locations right now: Manhattan, Bronx and Florida. Students practice and charge $3 haircuts, doing 200 haircuts a day. $1,200,000 gross income. There is a bookkeeper, a CPA, an agent, 6 teachers, etc. There is also a special project: evaluation of licenses of people from other countries. Owner can stay and continue working for a salary and train a new owner for a few month. The business has opportunity to grow rapidly. In about 8 month, students can apply for government grants: Instead of $5,000 per student, they could get much larger amount. Manhattan Lease $17K mth. (7 years left) 45 chairs. 3,000 sq ft. $500K salaries to workers. Bronx location rent $3,500mth (10 years left)in good area Westchester Squire, 2,000 sq ft Florida location $6K mth.(10 years left) 2,500 sq ft in the heart of Coral Springs. Don't miss this opportunity.
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FeaturesGeneralEquipment Included Barber chairs marrows etc.
Ceiling Height 16-20 Foot
Roof Flat
current use Other
Zoning C-1
Electric 110 V 220 V
Property Type Commercial
Transaction Type Sale
Financing Bank Mortgage Cash
Building Type Detached
Status Active
Construction Materials Brick
Cumulative Days on Market 156
MLS Area Midtown
Sub Type Business Only
City New York
DOM 156
Coming Soon Unique opportunity. Largest barber school in NYC. Licensed by department of education and in business for 28 years. Stable business growth and a lot of room for expansion. Located close to transp
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ExteriorExterior Brick
Foundation Poured Concrete
Parking Attrib Attached Garage None
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InteriorWalls Poured Concrete
Flooring Concrete
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Internal OnlyOriginating MLS Brooklyn New York MLS
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* Excluded FeaturesList BySuperior Realty ServiceBroker
Affordability Calculator
- Monthly Principal & Interest
- $5,982
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCommerical listings in New York, NY
Average List Price $2,447,729
Percent of Sale Price 172%
Trends Information provided by ATTOM Data Solutions.
1337269 Elementary School
1337270 Middle School
Unknown High School High School
Pricing HistoryDate | Price | Price Change | Description |
---|
2/14/2024 | $900,000 | -10.00% | Price Down |
1/16/2024 | $1,000,000 | -16.67% | Price Down |
1/1/2024 | $1,200,000 | | Listed Price |