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About This Home

This 0-bedroom, 0-bathroom commercial at 242 Flatbush Avenue in Brooklyn, NY is listed for $425,000 ($53 per sqft). the home offers 8,003 sqft of living space on a 0.11 acres lot.

Agent Description

RESTAURANT FOR SALE - PRIME BROOKLYN LOCATION Rare opportunity to acquire a well-established, fully operational restaurant and bar in the heart of Brooklyn. Formerly home to the renowned seafood concept TheBoil NYC, this exceptional property is located at 242 Flatbush Avenue, Brooklyn, NY, offering outstanding visibility, heavy foot traffic, and a thriving dining and nightlife scene.

Property Highlights: Approximately 4,000 SF main-level restaurant Approximately 1,500 SF finished speakeasy-style basement Expansive 3,000 SF private outdoor yard 4 AM Liquor License in place All permits and licenses active and current High-exposure Flatbush Avenue location Turnkey opportunity for restaurant, lounge, nightlife, or hospitality opera

tors Monthly rent: 20,000 This unique space offers multiple revenue streams with indoor dining, private event capabilities, a speakeasy-style lower level, and one of the largest outdoor spaces available in the area. Ideal for experienced operators looking to capitalize on Brooklyn's vibrant restaurant and entertainment market.

Key Features

  • 0.11 acre lot

Monthly Cost Estimate

$2,273/mo

20% down · 6.5% · 30 years

Principal$307
Interest$1,842
Insurance$124

Estimates only. Actual payments may vary.

Location

242 Flatbush Avenue

Brooklyn, NY 11217

Property Details

Construction

Brick

Parking

Offsite

Questions & Answers

This 0-bedroom, 0-bathroom commercial at 242 Flatbush Avenue is listed at $425,000 ($53/sqft). The estimated monthly payment is $1,842 based on 20% down at 6.5% interest.

Key features include: 0.11 acre lot.

This property is listed by Lee Goldstein and can be reached at (718) 524-0400 or agentgold22@gmail.com.

LG

Lee Goldstein

Agent at Hometime Estates of Brooklyn L

(718) 524-0400

Listed by Hometime Estates of Brooklyn L

MLS# 502416· Source: listhub· Updated 1 days ago

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242 Flatbush Avenue, Brooklyn, NY 11217

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