This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
911 DeKalb Ave
Brooklyn, NY 11221
Move-in Ready Restaurant · Property For Lease
HIGHLIGHTS
- Full build-out
- Option to the purchase building!
- Basement cold storage
- Event Space Permitted
- Fully equipped kitchen
- No Key Money
PROPERTY FACTS
| Property Type | Retail | Gross Leasable Area | 5,070 SF |
| Property Subtype | Storefront Retail/Office | Year Built | 1931 |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Office |
| Gross Leasable Area | 5,070 SF |
| Year Built | 1931 |
ABOUT THE PROPERTY
*Owner/User Potential (Three Residential plus One Commercial/Restaurant)* -The building can be bought for $1,650,000 as well. -The three residential units above are all 3-Bedroom/1 Bath. All three units are RENT STABILIZED. -Assuming a 20% down payment ($330,000), your monthly mortgage payment would be $8,127. Once you factor in your monthly income from the residential units (see below), your net payments each month would be around $6,600/month. The rents for the residential units will increase each year as well, leaving even more money in your pocket. *Annual Expenses* -Taxes - $5,513 -Fuel/Heat - $9,100 -Electric (Common) - $2,750 -Water/Sewer - $4000 (Estimate) -Insurance - $2,000 (Estimate) Total Annual Expenses - $23,363 *Actual Income* Residential Units - $3,468.48/month Yearly Income - $41,621.76 annually. Net Income- $18,258.76 ($1,521/month) *Fully Equipped Restaurant* -2,000 sqft., on a high-traffic street near bus and Subway lines. -35 seat restaurant with an additional 400 sqft. backyard with an awning. -POS systems. -8-10 person bar. -Central heat and A/C. -Basement has a walk-in cooler, liquor cabinet, dry storage, and office space. -Kitchen is equipped with basket fryers, prep sinks, dishwasher, flat top, grill, oven, stove, and numerous other kitchen supplies/equipment.
