242 Flatbush Avenue, Brooklyn, NY 11217

Building Details

Number of units

1

Building materials

Brick

Listing agent Lee Goldstein Show Phone

Listing office Hometime Estates of Brooklyn L 1861 Victory Blvd, Staten Island, NY Show Phone

Listing date Jun 18, 2026

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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.

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Overview

This restaurant and bar includes approximately 4,000 square feet of main-level dining space, plus an additional finished speakeasy-style basement of approximately 1,500 square feet. The property also features an expansive private outdoor yard of approximately 3,000 square feet, supporting both casual dining and larger gatherings.

Located at 242 Flatbush Avenue in Brooklyn, the offering is presented as a high-exposure neighborhood restaurant asset with a focus on hospitality and nightlife concepts. A 4 AM liquor license is in place, and the listing states that all permits and licenses are active and current. The seller describes the current configuration as turnkey for an operator looking to run indoor dining, private events, and nightlife use.

With its combination of street-level restaurant space, a separate basement lounge experience, and a large private yard, the layout can fit a range of restaurant, lounge, nightlife, and hospitality operations. The property is offered for sale with monthly rent of $20,000 as provided in the listing, and it carries zoning identified as r7a.

Suggested Use

Law Firm Restaurant Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Brooklyn

County

Kings

State

New York

Longitude

-73.983051

Latitude

40.692313

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FAQs

What type of property is this?

Conventional restaurant - Turnkey restaurant and bar offering main-level dining, a finished basement lounge, and a private outdoor yard.

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, NY with active permits and licenses; Approx. 4,000 SF main‑level restaurant plus approx. 1,500 SF finished speakeasy‑style basement; Expansive approx. 3,000 SF private outdoor yard for guest dining and private use