Turnkey Restaurant and
For Sale
Contact for pricing
242 Flatbush Avenue, Brooklyn, NY 11217
Turnkey restaurant with a finished speakeasy-style basement, private yard, and a 4 AM liquor license.
Property Size8,003 SF
Price / SF$53.11
Days on Market55
Property Features for 242 Flatbush Avenue
General Information
Standard status
Active
Size
8,003 SF
Property subtype
Retail
Additional Details
Business Included
Yes
Liquor License
Yes
Listing Agency:
Hometime Estates LLC
(718) 614-3115
Listed By:
Lee Goldstein · License #New York
Source:
Crexi
Added: Jun 19
Changed: Jul 10
Last Checked: Aug 10 at 12:24PM
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 LLC
Investment Insights
Based on property information with market context.
This turnkey restaurant and bar is offered for sale with approximately 4,000 SF of main-level dining, plus an approximately 1,500 SF finished speakeasy-style basement. The property also includes an expansive approximately 3,000 SF private outdoor yard, supporting both casual and private guest experiences. A 4 AM liquor license is in place, and the available information states that all permits and licenses are active and current.
Located at 242 Flatbush Avenue in Brooklyn, the space is presented as a high-exposure location on Flatbush Avenue. The prior concept identified in the listing is TheBoil NYC, with the current offering positioned for an operator seeking a ready-to-run hospitality concept.
With indoor dining space, a finished lower level, and a substantial private outdoor yard, this setup can accommodate a range of day-to-night programming, including private events. The property is described as suitable for restaurant, lounge, nightlife, or hospitality operators, and it is currently listed with a stated monthly rent of $20,000.
Located at 242 Flatbush Avenue in Brooklyn, the space is presented as a high-exposure location on Flatbush Avenue. The prior concept identified in the listing is TheBoil NYC, with the current offering positioned for an operator seeking a ready-to-run hospitality concept.
With indoor dining space, a finished lower level, and a substantial private outdoor yard, this setup can accommodate a range of day-to-night programming, including private events. The property is described as suitable for restaurant, lounge, nightlife, or hospitality operators, and it is currently listed with a stated monthly rent of $20,000.
Key Highlights
- Restaurant and bar for sale at 242 Flatbush Avenue, Brooklyn
- Approximately 4,000 SF main‑level restaurant with finished indoor space
- Approximately 1,500 SF finished speakeasy‑style basement
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Liquor license
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 a finished speakeasy-style basement, private yard, 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 $425,000.
What are key features of this property?
This property features: Restaurant and bar for sale at 242 Flatbush Avenue, Brooklyn; Approximately 4,000 SF main‑level restaurant with finished indoor space; Approximately 1,500 SF finished speakeasy‑style basement
