‘Sunita Bar’ on Norfolk Street is Not for Sale [Updated]

Posted on: April 5th, 2018 at 5:02 am by

[Updated Below] On the block for the last fifteen years, Sunita Bar on Norfolk Street has been featured in several real estate listings circulating online.

The week-old listing posted to Craigslist advertises the business at 106 Norfolk Street for sale.

However, the owner of Sunita tells us that this listing is bogus. “This is not correct information. I’ve been here for 15 years and I hope to stay for at least another 10 years.”

To own and operate the 414 square-foot Sunita will apparently cost $400K key fee, plus an additional monthly dole of $7,000. The broker-babble promises an easy transfer of an “unblemished 4am liquor license with no community board stipulation.” (The fact that brokers are now publishing this in listings is indicative of potential trepidation among entrepreneurs to enter the scene.)

And of course, name-checking the elephant in the room, so to speak. The larger effect of Essex Crossing on pretty much everything.

$400,000 Lease assignment

Successful, well established, cocktail lounge/bar – restaurant for sale in prime Lower East Side. Located near the new Essex Crossing development. This establishment has been operating since 2003 with a full, unblemished 4AM liquor license with no community board stipulation. It’s extremely well kept and equipped with all furniture, fixtures, equipment and a fully vented kitchen. Main level is 414 sqft, Basement is 450 sqft.

The sidewalk in front of the lounge currently seats 2 tables and 10-12 chairs.

Great opportunity for increased revenue. Heavy foot traffic. New 10 year lease, $7000/month.

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