Established Brooklyn Restaurant for
41 Newkirk Plz, Brooklyn, NY 11226
Profitable Mexican restaurant in Brooklyn's Midwood neighborhood near Brooklyn College.
Type:Commercial
Property size:
900 SFPrice / SF:
$144/SF- Added:
- Apr 26, 2026
- Days on Market:
- 28
- Last Refresh:
- Apr 26 at 12:54 am
Property Features for 41 Newkirk Plz
General Information
- Standard status
- Active
- Size
- 900 SF
- Property subtype
- Commercial
Listing agent Aldo Iemma License #10311208950 (646) 932-4442
Listing office Empire state Realty Group (646) 932-4442
Listing date Apr 26, 2026
Source Elliman
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Empire state Realty Group
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.
- Favorable lease terms: $4,750 monthly rent with 6 years remaining.
- Large kitchen and additional storage space in the basement and backyard.
- Excellent walk, bike, and transit scores (86, 79, and 100 respectively).
Overview
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.
Location Intelligence
Current Use by Public Records
Bright Side Inc.
Construction Company
Similar Places Nearby
- Fancy Buffet — 1053 Flatbush Ave, Brooklyn, NY 11226
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.962741
- Latitude
- 40.634974
Nearby Similar for Sale
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 $130,000.
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.
