BANKRUPTCY SALE - United States Bankruptcy Court SDNY. In Re: Alrose Allegria, LLC, – Case No.: 15-11760 (PB) & Alrose King David LLC, – Case No.: 16-10536 (PB) Jointly Administered 2,350 Sq Ft Restaurant – Net Leased 20 On-Site Parking Spaces + Legal Street Parking 1984-1986 Park Street, Atlantic Beach, NY 11509 Occupied by Well-Known Restaurant Indoor & Outdoor Dining Areas Parking for 20 Vehicles + Legal Street Parking 130' Frontage on Park Street 1 Block to Beach Club Row 2 Blocks to Atlantic Beach Bridge 3.5 Miles to Long Beach Corner Location on Main Thoroughfare to/From Atlantic Beach Bridge Lease Term: 12/1/2015 – 2/28/2026 Current Annual Rent: $129,210.79 (1) 5-Year Renewal Option: 3/1/26 – 2/28/31 First Option Year Annual Rent: $133,087.11 3% Annual Increases Tenant Pays Additional Rent Consisting of 100% of Taxes over Base Year 2015/2016 $910,000 Minimum Opening Offer