101 Smith StBrooklyn, NY 11201

Property Details for 101 Smith St

Year built

1950

Property size (Sq ft)

1,000 SF

Property type

Retail properties

Property subtype

Restaurants

Description

This turnkey restaurant, located at 101 Smith St in the heart of Downtown Brooklyn (zip code 11201), presents a unique investment opportunity. The 1,000-square-foot space, situated in a single-story, 1950-built building completely renovated in 2020, boasts a modern, open layout seamlessly integrating the kitchen and dining area. High ceilings add to the spacious feel. Climate control is handled by efficient wall-mounted split units for both heating and air conditioning. The fully equipped kitchen includes a commercial exhaust system, ensuring efficient and compliant operation. A full basement provides ample space for food preparation, enhanced by a new walk-in refrigerator. The property operates under a modified lease with a remaining term of five years, offering a strong foundation for immediate revenue generation. The lease includes the option to renew for an additional five years. All utilities are metered separately, providing clear cost control. This 100% occupied property offers a compelling combination of prime location, modern amenities, and a strong lease, making it an ideal acquisition for a savvy investor seeking immediate returns. The asking price is $139,000, translating to $139 per square foot.

Location Insight

City

Brooklyn

County

Kings

State

New York

Latitude

40.6883

Longitude

-73.9892

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