Restaurant and Bar with Outdoor
For Sale
$295,000
242 Flatbush Avenue, Brooklyn, NY 11217
COMMERCIAL - Brooklyn, NY
Property Size8,003 SF
Lot Size0.11 Acres
Price / SF$36.86
Days on Market52
Property Features for 242 Flatbush Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
r7a
Parking features
Offsite
Basement
Finished
Subdivision
Park Slope
Standard status
Active
Size
8,003 SF
Lot size
0.11 Acres
Amenities
private outdoor yard
Building Details
Number of units
1
Building materials
Brick
Listing Agency:
Hometime Estates of Brooklyn L
(718) 524-0400
Listed By:
Lee Goldstein
(718) 524-0400
Added: Jun 18
Changed: Aug 4
Last Checked: Aug 8 at 1:06AM
MLS# 502416
Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This restaurant property includes approximately 4,000 SF on the main level, complemented by approximately 1,500 SF of finished basement space. The layout supports indoor dining, bar operations, private events, and hospitality uses, with an additional 3,000 SF private outdoor yard. Brick construction and offsite parking are also noted.
The property occupies 242 Flatbush Avenue in Brooklyn, NY 11217, providing direct exposure along Flatbush Avenue. An existing 4 AM liquor license is in place, and all permits and licenses are identified as active and current. The R7A zoning designation and combination of interior, lower-level, and outdoor areas create a multi-component restaurant setting.
The property occupies 242 Flatbush Avenue in Brooklyn, NY 11217, providing direct exposure along Flatbush Avenue. An existing 4 AM liquor license is in place, and all permits and licenses are identified as active and current. The R7A zoning designation and combination of interior, lower-level, and outdoor areas create a multi-component restaurant setting.
Key Highlights
- Approximately 4,000 SF main‑level restaurant area
- Approximately 1,500 SF finished basement
- 3,000 SF private outdoor yard
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
8,517
Businesses Nearby
250k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 62%
Shops & Services 30%
Groceries 3%
Home Improvements & Furnishings 3%
McDonald's
Dining
56,606 visits/mo
0.3 miles
Chick-fil-A
Dining
35,688 visits/mo
0.2 miles
Shell
Shops & Services
22,155 visits/mo
0.5 miles
Shake Shack
Dining
18,217 visits/mo
0.2 miles
TD Bank
Shops & Services
15,811 visits/mo
0.1 miles
Demographics for 11217, NY
42,417
Population
21,590
Households
2
Avg Household Size
36
Median Age
73%
College-Educated
93%
High-School Grad
0.7 sq mi
ZIP Area
60,596
Density / Sq Mi
$158,314
Median Household Income
$95,067
Median Earnings
$2,800
Median Rent
$1,614,200
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Operational hospitality space with a finished lower level, active permits, and a 4 AM liquor license.
Where is this conventional restaurant located?
The property is located at 242 Flatbush Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: Approximately 4,000 SF main‑level restaurant area; Approximately 1,500 SF finished basement; 3,000 SF private outdoor yard
