Established Brooklyn Restaurant for
For Sale
$110,000
41 Newkirk Plz, Brooklyn, NY 11226
Profitable Mexican restaurant in Brooklyn's Midwood neighborhood near Brooklyn College.
Property Size2,000 SF
Price / SF$122.22
Days on Market116
Property Features for 41 Newkirk Plz
General Information
Standard status
Active
Size
2,000 SF
Property subtype
Commercial
Building Details
Building Size
2,000 SF
Listing Agency:
Empire State Realty Group
(646) 932-4442
Listed By:
Aldo Iemma · License #10311208950
(646) 932-4442
Source:
Elliman
Added: Apr 26
Changed: Aug 13
Last Checked: Aug 19 at 12:04PM
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
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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,994
Businesses Nearby
110k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 61%
Groceries 18%
Shops & Services 17%
Electronics 5%
McDonald's
Dining
25,733 visits/mo
0.3 miles
Chase Bank
Shops & Services
18,496 visits/mo
0.1 miles
Dunkin' Donuts
Dining
14,343 visits/mo
0.2 miles
C-Town Supermarkets
Groceries
10,793 visits/mo
0.1 miles
Dunkin' Donuts
Dining
10,690 visits/mo
0.4 miles
Demographics for 11226, NY
101,727
Population
42,618
Households
2.4
Avg Household Size
37
Median Age
36%
College-Educated
86%
High-School Grad
1.3 sq mi
ZIP Area
78,252
Density / Sq Mi
$81,084
Median Household Income
$49,892
Median Earnings
$1,751
Median Rent
$866,300
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
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Similar Off Market Nearby
- Fancy Buffet — 1053 Flatbush Ave, Brooklyn, NY 11226
Frequently Asked Questions
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.
