314 Scholes St Brooklyn, NY 11206-1728

Property Details for 314 Scholes St

Year built

1920

Lot size

1.11 lot acres

Property size

85,897 SF

Zone code

M1-1

Property type

Office buildings

APN

03047-0015

APU

30470015

Description

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.

Location Insight

City

Brooklyn

County

Kings

State

New York

Longitude

-73.9353

Latitude

40.7092

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments