$295,000
( $36.86Per Sq Foot )
 $1,584 est/mo Sourced by Back At You

242 Flatbush Avenue,Brooklyn, NY 11217

Brooklyn, NY 11217

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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.

Details

MLS #502416
Listing TypeFor Sale
StyleCommercial
Sub-TypeResale
StatusActive
Days On Site90
Listing Provided ByHometime Estates of Brooklyn L | Lee Goldstein

Features

SQ Feet8,003
BasementY
Units1
Zoningr7a

Exterior

RoofOther
Construction MaterialsBrick
Foundation DetailsOther

Parking

Parking AttributesOther
Parking Feature SingleOff Site

Area Information

StateNY
CountyKings (Brooklyn)
CityBrooklyn
Zip Code11217
AreaBrooklyn
SubareaPark Slope
Listing VS Median (in 11217)
Price:
$295,000
low | high
Med:
$899,000
100% of Average
sqft:
8,003
low | high
Med:
1,146
100% of Average
$ / sqft:
$37
low | high
Med:
$784
100% of Average
On site:
90
low | high
Med:
65
100% of Average
Sourced by Back At You

Market Activity 11217

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The information is being provided by Brooklyn NY MLS. Information deemed accurate but not guaranteed. Information is provided for consumers personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2025 Brooklyn NY MLS. All Rights Reserved.

Contact

Learn More About This Property

Gregory Kyroglou

Gregory Kyroglou

Modern Spaces New York

 (917) 916-6776greg@modernspaces.com
StateNY
CountyKings (Brooklyn)
CityBrooklyn
Zip Code11217
AreaBrooklyn
SubareaPark Slope
Listing VS Median (in 11217)
Price:
$295,000
low | high
Med:
$899,000
100% of Average
sqft:
8,003
low | high
Med:
1,146
100% of Average
$ / sqft:
$37
low | high
Med:
$784
100% of Average
On site:
90
low | high
Med:
65
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/2 mile)
Price: $221K - $368K
sqft: 6,000 - 10,000
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Listing Updated: July 7, 2026 at 3:08:35 PM PDT
Gregory Kyroglou
(917) 916-6776
Astoria - 29-20 23rd Ave.
Astoria, New York 11105

Gregory Kyroglou - Modern Spaces New York