Project Detail

5th Avenue Chocolatiere Ltd.

Developers: 5th Avenue Chocolatiere Ltd.
Project Cost: $765,000

"The Town of Hempstead Industrial Development Agency walked a complete amateur buyer through the entire process from beginning to end. I was just back from Iraq and they literally held my hand from the buying of the building, hiring the right contractors, helped with permits in the Village of Valley Stream, tax questions and most importantly put me in touch with the right SBA association to help with financing. Without them my dream of owning a building never would have come to fruition! The IDA staff's help throughout the process was incredible and I am forever grateful. Now we are in the process of franchising and on our way back towards success after a rough first couple of years in transition!"

W. Joseph Whaley
President, 5th Avenue Chocolatiere Ltd.

Description

A 35-year old family run business with several prominent New York City retail locations, 5th Avenue Chocolatiere Ltd. purchased an 8300 square foot building at 396-404 Rockaway Avenue in the Village of Valley Stream for use as a manufacturing facility in order to expand their wholesale fine chocolate business.

Benefits

PILOT Agreement, Mortgage Recording Tax Exemption, Sales Tax Exemption for renovation period