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- LoopNet Team
105 Norman Ave
Brooklyn, NY 11222
100 Norman Ave (approx) · Property For Lease
PROPERTY FACTS
ABOUT THE PROPERTY
GORGEOUS RESTAURANT BUILD OUT KEY MONEY OPPORTUNITY IN PRIME GREENPOINT!!!! This is a beautiful build out of a Corner Turn Key restaurant space in a great location in Prime Greenpoint - only a block off Manhattan Avenue! 1500 SF interior 700 SF basement Wrap around corner outdoor seating for two-tops (within property lines so no outdoor permit necessary!) RIDICULOUS UNDER MARKET LEASE LOCKED IN at $38/PSF in a market where Greenpoint is commanding $80-$100/PSF! 5 year lease at: $4800/month NO escalations No RE Taxes Back to back, 5 year options to renew with no more than 5-10% increase every 5 years. Seller has spoken to Landlord about 10 year + 5 year option that is possible. STILL RIDICULOUSLY UNDER MARKET RENT! Full vented kitchen and walk in box Beer and Wine License Please inquire for Key Money Sale Price! Restaurant is currently under operation. Address has been changed to keep privacy. Prime location in Greenpoint that is only 1 block from the Nassau G train and busy Manhattan Avenue. In the same close vicinity with power commercial tenants such as Five Leaves, Nights and Weekends, Xi Famous Foods, Frankel's Deli, Sauvage, Calexico, El Born, Baoburg, Konditori and so much more.
