# 242 Flatbush Avenue, Brooklyn, NY 11217

> **TL;DR:** commercial, $425,000 ($53/sqft), 8,003 sqft. Est. $1,842/mo. Listed 1 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $425,000 |
| Price/sqft | $53 |
| Square Feet | 8,003 |
| Lot Size | 4,643 sqft (0.11 acres) |
| Property Type | Commercial (Other) |
| Status | For Sale |
| Days on Market | 1 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $1,842 |
| **Total** | **$1,842** |

## Property Highlights

- 0.11 acre lot

## Description

### 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 operators 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.

## Location

- **Address:** 242 Flatbush Avenue, Brooklyn, NY 11217
- **County:** Kings (Brooklyn)
- **Coordinates:** 40.680241, -73.974905
- **Google Maps:** https://www.google.com/maps?q=40.680241,-73.974905

## Listing Agent

- **Name:** Lee Goldstein
- **Brokerage:** Hometime Estates of Brooklyn L
- **Phone:** (718) 524-0400
- **Email:** agentgold22@gmail.com

## Primary Photo

![242 Flatbush Avenue - Primary Photo](http://lh.rdcpix.com/f0f58799b9c84363d78655448e4a6d59l-f3174020477r.jpg)

*33 total photos available on [listing page](https://www.propertysimple.com/listing/242-flatbush-avenue-brooklyn-ny-11217-y502416)*

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**MLS#:** 502416 | **Updated:** 2026-06-24
**Source:** listhub

*Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/242-flatbush-avenue-brooklyn-ny-11217-y502416)

---

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