Key Money: $750,000
Current owner buildout investment: $1,250,000
3,000' Beautifully Built Out Corner Retail Lease in the Heart of Williamsburg, Brooklyn.
40 North 6th Street is located in Williamsburg's premiere condominium, The Edge
Full Liquor License
ASSIGNABLE, UNDER MARKET lease in place with 5 years remaining AND a 5 year option to renew; includes liquor license.
FULLY BUILT OUT
The sprawling 3,000 square foot space features a large dining room with soaring 18' ceilings, a large L-shaped bar, a separate lounge space equipped for live music, and 75 person outdoor seating on its 130' of wraparound frontage. The back of house is functionally laid out and finished with top of the line appliances including a pizza oven, as well as a large walk-in fridge and pantry, separate freight entrance for deliveries, and a manager's office loft.
Currently an Italian restaurant with a large dining room, L-shaped bar, lounge area with live music setup, full kitchen with pizza oven, separate freight entrance.
This gorgeous space features 18' ceilings and 130' of wraparound frontage in prime Williamsburg.
Rent rate is well below the current market value. The directly surrounding area commands high foot traffic; conveniently located on the Southwest corner of North 6th Street and Kent Avenue, on the edge of the North 5th Street Pier and Park, two blocks from the East River Ferry; four blocks from the Bedford L train, (which is no longer closing!); five blocks from the new Domino Sugar Factory Park and the soon to open Domino Sugar Factory development, which will bring 2,300 new apartments and 500,000 square feet of commercial space, only adding to the popularity of the area that is already yields multitudes of visitors and residents alike.
Sign up for our mailing list for exclusive insights into property listings and all things New York real estate