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For Sale

$110,000

174 days on market

41 A Newkirk Plaza Brookl Plaza Plz

Brooklyn, NY 11226

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· 8% down, 7% APR, 30yr fixed

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Listing narrative

Description

This is a well-established Mexican restaurant with a positive cash flow, in the Midwood section of Brooklyn - Brooklyn College area. This is an area favorite for both eat-in take-out. It has seating for 24 people and a steady costumer base for deliveries. Last year's gross income was $480,000. The present monthly gross income is approximately $40K. The monthly rent is $4,750 and the lease has six years left. Monthly payroll and utilities are about $13k and that is for 7 full and part time workers. The restaurant space is 900 sq ft. Additionally, there is a basement for storage, and a backyard for extra storage space. The extra-large kitchen makes it easy to accommodate take-out orders when the restaurant is crowded. There is room to bring down expenses if owner operates the business.

Listing agent (MLS): Aldo Iemma · Listing brokerage (MLS): Empire State Realty Group NY

Property Details

Key facts from the live listing feed are grouped here for quick review. Only fields confirmed by the active source are shown.

Price

$110,000

Beds

Beds n/a

Type

House

Home Size

Sqft n/a

Baths

Baths n/a

Year

Year n/a

Status

For Sale

Days on Market

174

· 8% down, 7% APR, 30yr fixed

Verified property data

Value, tax & last recorded sale

Public records available on the full property page

Estimated home value

Not available

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Public records are available on the full property page.

No record values are inferred or fabricated.

Full MLS property history

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Courtesy of Empire State Realty Group NY