NYACK, NY – A Rockland County Supreme Court Judge has ordered a Court Ordered Dissolution – Immediate Sale Directed via Public Auction of Karma Restaurant Bar & Lounge located at 100 Main Street in the Village of Nyack.
Maltz Auctions announced this week they will be handling the auction. All bids are due Thursday, September 12, 2019. Qualified Bidders will be invited to bid at the live auction on Tuesday, September 17, 2019.
Karma Bar/Restaurant
Details:
100 Main Street, Nyack, Rockland County, NY 10960
5,000 Sq Ft Restaurant/Bar + 5,000 Sq Ft Basement
Fully-Equipped Turn-Key Opportunity
Abundant Parking (On-Street and Municipal Lots)
Booming Downtown Restaurant/Nightlife District
Tremendous Local Area Residential Development
Occupancy as per Fire Marshall: 199 Persons
Main Floor:
Bar/Restaurant
Seating for 70 Patrons
2 Full-Service Bars with Built-in Frost Rails and 4 Tap Systems
18 Flat Screen TVs Located Throughout (Multiple TV Services including DirecTV)
Fully Equipped Kitchen
Coffee Service Area w/Espresso-Cappuccino Machine
Men’s Restroom
Women’s Restroom
Handicapped Accessible Restroom
Upper Level:
VIP/Event Area
Additional 20-25 Seats + Standing Room Around High-Tops
Projector with 100″ Screen
DJ Booth
Aesthetically Lit Stairway Leading to Area
Basement:
Offices
(2) Walk-In Boxes
(2) Ice Machines
Liquor Storage
Beer Tap System
Soda Systems
Restroom
Other:
Point-of-Sale System
DJ/Audio/Video Systems
16 Camera Surveillance System with Digital Recording
Fully Stocked w/ Tables, Chairs, High-Tops, Tableware, Glassware, Utensils, Barware, etc.
Kitchen Fully Equipped w/Ranges, Hoods, Fire-Suppression Systems, Ovens, Fryers, Broilers, Prep Tables, Sinks, Refrigeration, Freezers, Microwave Ovens, Chef Tools, Pots, Pans, Trays, Racks and Much More
Individually Controlled Ductless Mini-Split Systems Throughout (AC & Heat)
Lease Information:
10 Years Remaining on Lease (Expires 12/31/29)
Current Monthly Rent: $7,071.57
3% Annual Escalations
Additional Monthly Rent: $100 Gift Card to Tenant Restaurant/Bar
Additional Information:
Selling the Leasehold Interest, Intellectual Property, General Intangibles, and All Owned Furniture, Fixtures & Equipment
$150,000 Minimum Bid (Sells Absolute, Regardless of Price at or Above $150,000)
