Listed by The Agency NYC Real Estate
Undisclosed Rate
753 Coney Island Avenue
Building Details
Property Type Retail, Restaurant
Sub Type Diner
Tenancy Multiple
Total Building SqFt 1,871
Vacant SqFt 871
Spaces
Rent: $6600 w/10 year term
Retail | 1 space available | 871 SqFt
Building description
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 moneymaker. 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
Building highlights
- Location: 753 Coney Island Avenue
- Rent: $6600 w/10 year term
- Key Money: Asking 495k
- 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
Listing Contacts
Listed by The Agency NYC Real Estate
Map
Property History
Similar Properties
Additional Information
Name
License
Brokerage
Title
Brokerage Address
Name
License
Brokerage
Title
Brokerage Address
Is there information that looks off?
