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$900,000
↓ $100K (10%)
●
Commercial -
For Sale
48 West 39th Street
New York, NY 10018
Studio
0 Bath
3000 Sqft
$4,420
Estimated Monthly
$0
HOA / Fees
About This Property
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.
The manager has listed the unit size as 3000 square feet.
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.
The manager has listed the unit size as 3000 square feet.
Unit Size
3,000Ft²
Days on Market
125 days
Land Size
0.07 acres
Price per sqft
$300
Property Type
Commercial
Property Taxes
-
HOA Dues
-
Year Built
1927
Listed By
Last updated: 3 months ago (BMLSNY #478948)
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Feb 15, 2024 | Price Decreased |
$900,000
↓ $100K
(10%)
|
|
Price Decreased | |||
Jan 17, 2024 | Price Decreased |
$1,000,000
↓ $200K
(16.7%)
|
|
Price Decreased | |||
Jan 2, 2024 | Listed by Superior Realty Service | $1,200,000 | |
Listed by Superior Realty Service |
Property Highlights
Exterior Details
Exterior Information
Brick
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Condo
Stu
1
Bath
560 ft²
$1,529/ft²
$856,500
May 30, 2017
$856,500
Apr 9, 2018
$1,910/mo
Condo
Stu
1
Bath
560 ft²
$1,482/ft²
$830,000
Sep 5, 2016
$830,000
Oct 5, 2017
$2,001/mo
Condo
Stu
1
Bath
560 ft²
$1,366/ft²
$765,000
May 8, 2013
$765,000
Nov 8, 2013
$1,304/mo
Condo
Stu
-
542 ft²
$1,402/ft²
$760,000
Nov 20, 2013
-
Feb 5, 2021
$1,263/mo
Condo
Stu
1
Bath
482 ft²
$1,618/ft²
$780,000
Jan 7, 2015
$780,000
Aug 13, 2015
$1,085/mo
Condo
Stu
1
Bath
560 ft²
$1,304/ft²
$730,000
Jan 22, 2021
$730,000
Aug 26, 2021
$2,494/mo
Active
Condo
Stu
1
Bath
500 ft²
$1,598/ft²
$799,000
Oct 6, 2023
-
$2,070/mo
Active
Condo
Stu
1
Bath
500 ft²
$1,578/ft²
$789,000
Jun 7, 2023
-
$2,385/mo
In Contract
Co-op
2
Beds
2
Baths
1,200 ft²
$749/ft²
$899,000
Sep 9, 2023
-
$2,724/mo
In Contract
Co-op
2
Beds
2
Baths
1,300 ft²
$615/ft²
$800,000
May 6, 2023
-
$2,112/mo
Active
Co-op
2
Beds
2
Baths
1,250 ft²
$788/ft²
$985,000
Feb 28, 2024
-
$3,655/mo
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
10/03/2022
|
|
Loft
|
-
|
-
|
$1,000,000
Loft
-
|
-
-
|
-
|
Michael Dukhovny
UNITED NATIONAL REALTY GROUP INC
|
Building Info
48 West 39th Street
48 West 39th Street, New York, NY 10018
- 30 Units
- 1 Unit for Sale