About This Home

This 0-bedroom, 0-bathroom commercial at 41 Newkirk Plaza in Brooklyn, NY is listed for $110,000 ($55 per sqft). the home offers 2,000 sqft of living space on a 0.05 acres lot.

Key Features

  • 0.05 acre lot

Amenities

A/C
Listing 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 and take-out. It has seating for 24 people and a steady customer 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 there are 6 years left on the lease. 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 back yard for extra storage. 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.

Monthly Cost Estimate

$588/mo

20% down · 6.5% · 30 years

Principal$80
Interest$477
Insurance$32

Estimates only. Actual payments may vary.

Location

41 Newkirk Plaza

Brooklyn, NY 11226

Property Details

Construction

Brick

Questions & Answers

This 0-bedroom, 0-bathroom commercial at 41 Newkirk Plaza is listed at $110,000 ($55/sqft). The estimated monthly payment is $588 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: 0.05 acre lot.

This property is listed by Aldo Iemma.

AI

Aldo Iemma

Agent at Empire state Realty Group

Listed by Empire state Realty Group · Broker phone: (646) 932-4441 · Broker website

MLS# 500857· Source: Brooklyn New York Multiple Listing Service· 187 days on PropertySimple

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41 Newkirk Plaza, Brooklyn, NY 11226

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