314 Scholes St Brooklyn, NY 11206-1728
This exceptional 6,050 sq ft. turnkey restaurant and event space at 314 Scholes St, Brooklyn (East Williamsburg, bordering Bushwick), offers a unique opportunity. The four-year-old establishment boasts a 2,000 sq ft. interior, a partially covered and heated 3,800 sq ft. rooftop terrace, and 550 sq ft. of ground floor storage. Enjoy stunning NYC skyline and Brooklyn neighborhood views through three walls of floor-to-ceiling glass windows. The fully equipped restaurant kitchen includes a hood system, and both indoor and outdoor bars are in place. With a 325-person capacity and a Public Assembly permit, this venue is perfect for weddings, private parties, and large-scale events. A private outdoor staircase and commercial elevator provide convenient rooftop access. The property includes a 10-year lease commencing May 1st, 2025, at $12,000 per month with a 3% annual increase. Free rent is offered until May 1st, 2025. A $475,000 key money payment is required. Owner financing is available for up to 40% of the sale price, and the owner offers optional business operation consulting. This thriving establishment presents immense growth potential in a highly sought-after Brooklyn location.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
M1-1 · Brooklyn, NYBrooklyn. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.