$110,000
( $55.00Per Sq Foot )
 $591 est/mo Sourced by Back At You

41 Newkirk Plaza,Brooklyn, NY 11226

Brooklyn, NY 11226

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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.

Details

MLS #500857
Listing TypeFor Sale
StyleBusiness Only
Sub-TypeResale
StatusActive
Days On Site150
Listing Provided ByEmpire State Realty Group | Aldo Iemma

Features

SQ Feet2,000
BasementY
Units1
Zoningc

Interior

Heating FuelGas

Exterior

RoofFlat
Construction MaterialsBrick
Foundation DetailsSlab Concrete

Parking

Parking AttributesNone
Parking Feature SingleStreet

Utilities

UtilitiesElectric, Gas, Heat, Sewer, Water
Electric220 V

Area Information

StateNY
CountyKings (Brooklyn)
CityBrooklyn
Zip Code11226
AreaBrooklyn
SubareaMidwood
Listing VS Median (in 11226)
Price:
$110,000
low | high
Med:
$1,149,000
100% of Average
sqft:
2,000
low | high
Med:
2,204
39.8% of Average
$ / sqft:
$55
low | high
Med:
$521
100% of Average
On site:
150
low | high
Med:
411
36.496350364964% of Average
Sourced by Back At You

Market Activity 11226

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Learn More About This Property

Gregory Kyroglou

Gregory Kyroglou

Modern Spaces New York

 (917) 916-6776greg@modernspaces.com
StateNY
CountyKings (Brooklyn)
CityBrooklyn
Zip Code11226
AreaBrooklyn
SubareaMidwood
Listing VS Median (in 11226)
Price:
$110,000
low | high
Med:
$1,149,000
100% of Average
sqft:
2,000
low | high
Med:
2,204
39.8% of Average
$ / sqft:
$55
low | high
Med:
$521
100% of Average
On site:
150
low | high
Med:
411
36.496350364964% of Average
Sourced by Back At You
Nearby Listings (Within 1/4 mile)
Price: $82K - $137K
sqft: 1,500 - 2,500
Nearby Listings Property ImageNearby Listings Details
682 Argyle Road Property Photo 1
$1,700,000
682 Argyle Road
Brooklyn, NY 11230
Listing Updated: September 14, 2026 at 3:24:35 PM PDT
Gregory Kyroglou
(917) 916-6776
Astoria - 29-20 23rd Ave.
Astoria, New York 11105

Gregory Kyroglou - Modern Spaces New York