Park Slope lounge, cafe, bar restaurant, eatery for sale and lease - PRIME business location - unrivaled foot-traffic

Samuel DeFranceschi
Associate Real Estate Broker
Phone:
587 Fifth Avenue New York, NY 10017
Fax:
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Location

837 Union St Apt: COMM > RETAIL
Brooklyn NY 11215
Cross street:7th Avenue

Property

Furnished: YES
Ownership: Commercial
Type: Retail
Rooms: 2
Bedrooms: Studio
Bathrooms: 2
Area: 3500 sq ft

Financials

Price: $270,000

Description

This 3,500 sqft food and cafe establishment is in the heart of Park Slope's business district on Union Street between 7th and 6th avenues in one of the busiest parts of town. A constant flood of high net worth individuals frequent this block surrounded by flourishing residential and business properties. A simple google maps search will reveal just how prime this location is with respect to public transportation and high-end foot traffic.

The space is already outfitted with over $300,000 worth of restaurant and cafe equipment including a fully fitted bar, kitchen and walk-in it fridge. A POS system by TOAST, a video security system and an office are included in the space for the future business owner. The floor has seats for over 100 people to dine with 90 table chairs and 15 bar seats. An application for a liquor license is ongoing and should be approved soon assuming the future owner keeps the process moving. Perfect tenants for the space would be a morning cafe / lunch spot, a burger place or any other sort of food or drink endeavor (but not limited to food businesses, the space could be used for nearly anything you can imagine).

The lease is available at a 10 year term (5 year term with 5 year renew or a 7 year term with a 3 year renew). Monthly rental price is $15,495 with $270,000 key money for the entire operation's infrastructure. Monthly maintenance bills are on the tenant to pay along with any build out's desired.

Tenant pays the broker fee's which is 15% the annual rent and 6% of the key money.

For private showings please contact me directly.

646.331.8534 sam@nestseekers.com

Amenities

  • abundant-closets
  • Bar
  • Breakfast Area
  • Cold Storage
  • dining-area
  • Dishwasher
  • Furnished
  • ground-floor
  • hardwood-floors
  • High Ceilings

Exposures

  • East
  • West

Neighborhood

More listings: Park Slope

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.
All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.