174 Broadway Ave
Brooklyn, NY 11211
Retail Property for Lease · 1,500 SF

Established Williamsburg Bar & Event Venue | 20-Year Legacy | Long-Term Below-Market Lease Rare opportunity to acquire one of Williamsburg's long-established neighborhood bar and event venues. Successfully operating for over 20 years, this highly recognizable business enjoys a loyal customer base, consistent event revenue, and an unbeatable location directly next door to the iconic Peter Luger Steak House. The 1,500-square-foot ground-floor space features two fully operational bars with surround sound, lighting, projection screen and dj setup creating the perfect layout for high-volume service, private events, and multiple revenue streams. A coveted 2:00 AM liquor license allows for late-night operations in one of Brooklyn's most desirable hospitality markets. The expansive 1,500-square-foot basement is fully equipped to support both daily operations and private event business. Adding exceptional long-term value is an assignable lease with more than 14 years remaining at below-market rent, offering stability and significant upside for an owner-operator or investor. Long-term lease security of this caliber is increasingly rare in Williamsburg and represents a major advantage. Amenities include: Dedicated electric kitchen Dishwashing station Private office Liquor storage room Employee restroom Ample storage space One of the property's standout features is its thriving private event business. The private event room is consistently booked on most weekends for birthdays, corporate gatherings, celebrations, and special events, providing dependable, high-margin revenue. The neighboring Peter Luger Steak House also generates valuable foot traffic and overflow business, further strengthening the location's performance. Whether you're an experienced hospitality operator looking to expand or an entrepreneur seeking a turnkey opportunity in one of New York City's most sought-after neighborhoods, this established business offers an outstanding combination of history, profitability, location, and long-term security. Please be discreet and do not speak with staff. Reach out to Evan at 917-613-6374 with any questions or to organize a tour.