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740 5th Ave 2,000 SF of Retail Space Available in Brooklyn, NY 11232
Highlights
- Massive outdoor space
- Fully built out
- Massive custom bar
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 2,000 SF | 5 Years | $81.00 /SF/YR $6.75 /SF/MO $162,000 /YR $13,500 /MO | Modified Gross |
1st Floor
Turnkey bar/restaurant with a permit for 199 person public assembly available for lease assignment at 740 5th Avenue in Greenwood Heights. Features: • 2,000 SF fully built interior • 8,000 SF outdoor space • 4AM liquor license • Fully vented indoor commercial kitchen • Outdoor propane kitchen • All kitchen equipment included • Bar equipment included • Furniture included Inquire for key money amount Rare opportunity to take over a fully operating hospitality venue with substantial outdoor capacity — nearly impossible to replicate in this market. Perfect for operator looking to expand or reposition an existing concept in a prime Brooklyn corridor.
- Listed rate may not include certain utilities, building services and property expenses
- Fully Built-Out as a Restaurant or Café Space
- Space is in Excellent Condition
- Massive outdoor space, 4am liquor license, turnkey
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Select Tenants at 740 5th Ave, Brooklyn, NY 11232
- Tenant
- Description
- US Locations
- Reach
- BK Backyard Bar
- Cocktail Bar
- 2
- Local
| Tenant | Description | US Locations | Reach |
| BK Backyard Bar | Cocktail Bar | 2 | Local |
Property Facts
| Total Space Available | 2,000 SF | Gross Leasable Area | 2,244 SF |
| Property Type | Retail | Year Built | 1960 |
| Property Subtype | Restaurant | Parking Ratio | 1/1,000 SF |
| Total Space Available | 2,000 SF |
| Property Type | Retail |
| Property Subtype | Restaurant |
| Gross Leasable Area | 2,244 SF |
| Year Built | 1960 |
| Parking Ratio | 1/1,000 SF |
About the Property
Turnkey bar/restaurant with a permit for 199 person public assembly available for lease assignment at 740 5th Avenue in Greenwood Heights. Features: • 2,000 SF fully built interior • 8,000 SF outdoor space • 4AM liquor license • Fully vented indoor commercial kitchen • Outdoor propane kitchen • All kitchen equipment included • Bar equipment included • Furniture included Inquire for key money amount Rare opportunity to take over a fully operating hospitality venue with substantial outdoor capacity — nearly impossible to replicate in this market. Perfect for operator looking to expand or reposition an existing concept in a prime Brooklyn corridor.
- 24 Hour Access
- Bus Line
- Commuter Rail
- Metro/Subway
Nearby Major Retailers
