41 Newkirk Plz Brooklyn, NY 11226

Listing office Empire State Realty Group E***@yahoo.com Show Phone

Listing date Apr 26, 2026

Source Elliman

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Investment Insights

Based on property information with market context.

This is an established Mexican restaurant located in the Midwood section of Brooklyn, near Brooklyn College. The 900-square-foot restaurant has a steady customer base for both eat-in and take-out service. It features seating for 24 people. The restaurant also includes a basement for storage and a backyard for additional storage. The extra-large kitchen is designed to accommodate take-out orders. Last year's gross income was $480,000, with a present monthly gross income of approximately $40,000. The monthly rent is $4,750, and there are 6 years remaining on the lease. Monthly payroll and utilities total approximately $13,000 for 7 full and part-time workers. The location has a bike score of 79, indicating it is very bikeable, a walk score of 86, indicating it is very walkable, and a transit score of 100, indicating it is a rider's paradise. There is potential to reduce expenses with owner operation.

Key Highlights

• Established Mexican restaurant with positive cash flow.
• Prime location in the Brooklyn College area of Midwood, Brooklyn.
• High gross income: $480,000 annually, $40,000 monthly.

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FAQs

What type of property is this?

Conventional restaurant - Profitable Mexican restaurant in Brooklyn's Midwood neighborhood near Brooklyn College.

Where is this conventional restaurant located?

The property is located at 41 Newkirk Plz Brooklyn, NY.

What is the asking price?

The asking price for this property is $110,000.

What are key features of this property?

This property features: Established Mexican restaurant with positive cash flow.; Prime location in the Brooklyn College area of Midwood, Brooklyn.; High gross income: $480,000 annually, $40,000 monthly.