Turnkey Restaurant and Bar with
For Sale
$295,000
242 Flatbush Avenue, Brooklyn, NY 11217
Turnkey restaurant with an indoor dining floor, speakeasy-style basement, and a private outdoor yard, plus an active 4 AM liquor license.
Property Size8,003 SF
Price / SF$36.86
Days on Market60
Property Features for 242 Flatbush Avenue
General Information
Standard status
Active
Size
8,003 SF
Property subtype
Commercial
Building Details
Building Size
8,003 SF
Listing Agency:
Hometime Estates of Brooklyn L
(718) 614-3115
Listed By:
Lee Goldstein
(718) 524-0400
Source:
Penrealty
Added: Jun 18
Changed: Aug 8
Last Checked: Aug 15 at 11:53AM
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 Hometime Estates of Brooklyn L
Investment Insights
Based on property information with market context.
For sale: a turnkey restaurant and bar built for ongoing operations, featuring an approximately 4,000 SF main-level dining area, an approximately 1,500 SF finished speakeasy-style basement, and an expansive approximately 3,000 SF private outdoor yard. The property is presented with all permits and licenses active and current, including a 4 AM liquor license in place.
Located at 242 Flatbush Avenue in Brooklyn, the space benefits from a high-exposure location on Flatbush Avenue. The premises are currently marketed as having previously operated as the seafood concept TheBoil NYC, and are offered for restaurant, lounge, nightlife, or hospitality use. The layout supports indoor dining and private event capabilities, along with the distinctive lower-level speakeasy-style experience.
Located at 242 Flatbush Avenue in Brooklyn, the space benefits from a high-exposure location on Flatbush Avenue. The premises are currently marketed as having previously operated as the seafood concept TheBoil NYC, and are offered for restaurant, lounge, nightlife, or hospitality use. The layout supports indoor dining and private event capabilities, along with the distinctive lower-level speakeasy-style experience.
Key Highlights
- 4,000 SF main‑level restaurant with indoor dining and a bar
- 1,500 SF finished speakeasy‑style basement level
- 3,000 SF private outdoor yard
Property Analytics
Property Profile
Current Use
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
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Turnkey restaurant with an indoor dining floor, speakeasy-style basement, and a private outdoor yard, plus an active 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: 4,000 SF main‑level restaurant with indoor dining and a bar; 1,500 SF finished speakeasy‑style basement level; 3,000 SF private outdoor yard
