Your email has been sent.
753 Coney Island Ave 871 SF of Retail Space Available in Brooklyn, NY 11218
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste Ground Floor | 871 SF | May 2035 | $127.03 CAD/SF/YR $10.59 CAD/SF/MO $110,642 CAD/YR $9,220 CAD/MO | Triple Net (NNN) |
1st Floor, Ste Ground Floor
- Sublease space available from current tenant
- Lease rate does not include utilities, property expenses or building services
- Space is in Excellent Condition
- Central Air and Heating
- Freezer Space
- Closed Circuit Television Monitoring (CCTV)
- After Hours HVAC Available
- Basement
- DDA Compliant
- Ventilation - Venting
- Wheelchair Accessible
- Iconic and Historic Diner Available
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS
| Total Space Available | 871 SF | Gross Leasable Area | 871 SF |
| Property Type | Retail | Year Built | 1930 |
| Property Subtype | Restaurant |
| Total Space Available | 871 SF |
| Property Type | Retail |
| Property Subtype | Restaurant |
| Gross Leasable Area | 871 SF |
| Year Built | 1930 |
ABOUT THE PROPERTY
Iconic Diner in the Heart of Brooklyn, NY Location: 753 Coney Island Avenue Rent: $6600 w/10 year term Asking Key Money: 495k This historic, turn-key Brooklyn diner has been serving locals for nearly seven decades, becoming an integral part of the neighborhood’s rich history and charm. This beloved family-owned establishment offers the perfect opportunity for entrepreneurs looking to step into a thriving business with a timeless design and deep-rooted community ties. Long term 10 year lease in place with below market rent, this is a rare opportunity to obtain a legacy business with staying power. All equipment including 2 ventilation hoods (1 in the basement), walk-in fridge and freezer, grills, fryers, broilers, 2 dishwashing stations and full basement for prep and storage. Established Reputation: A fixture in the Brooklyn dining scene since 1956 they even have the street named after them! This diner has a loyal customer base and a stellar reputation for quality meals and friendly service. Known for its classic American breakfasts with fluffy pancakes, generous omelettes and bottomless coffee, plus greek comfort food like spinach pie and moussaka. Profitable Business: With a steady stream of clientele and consistent revenue, the diner is a proven money-maker. Financials available for qualified buyers. Charming, Retro Interior: Step inside to find the timeless charm of a classic diner with nostalgic counter seating where patrons can watch the magic happen. Renovated 10 years ago to comply with all city regulations including a handicap accessible bathroom, the space is well-maintained and comes fully equipped with everything needed to continue operations seamlessly. Fully Equipped Kitchen: The diner’s kitchen is fully outfitted with high-end equipment and a service window, allowing for efficient operations. It’s ready for immediate use, with a menu that can be adapted to new owners’ vision or kept as-is to preserve its classic appeal. Opportunity to Grow: Once the oldest 24 hour diner in Brooklyn, hours have been cut recently as owners are nearing retirement. New ownership can expand the hours back as there are limited late night options and demand for a 24 hour diner. Expansion of catering and huge upside on delivery partnerships (currently they are not on Grubhub/Seamless, Doordash, or Ubereats) and only take delivery orders by phone and delivery.com Additional Features: -Seating for up to 50 patrons -Beer and wine license active -Basement accessible from kitchen and has a range and hood for prep plus a separate walk-in refrigerator and freezer -Experienced staff that wishes to stay This is a rare chance to own a piece of Brooklyn history. Don’t miss out on the opportunity to continue a vibrant legacy. Serious inquiries only. Please do not approach the owner or staff directly. For more details or to schedule a private showing, please contact Evan Franca at 917-613-6374
- 24 Hour Access
- Restaurant
- Security System
- Tenant Controlled HVAC
- Storage Space
- Air Conditioning
NEARBY MAJOR RETAILERS
Presented by
753 Coney Island Ave
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.