We spoke w David at Kensington Realty on Friday. For those who have seen the hair salon for rent sign on McDonald near Albemarle the space (500 sq. feet) is a bargain for him at $1750. We also talked about a pizza shop that will soon be for rent on Church Ave. He was hesitant about mentioning which pizza shop but when we asked if it was Joe & Joe's he said no and when we asked if it was Korner he said we should come in to talk. If it is in fact Korner there are two catches... the first being the rent. David said the monthly tab will be about $3000 but the owner is willing to negotiate to maybe $2400 (to me this means it starts at $2400 and you negotiate for less). The negotiable rent is probably because David is trying to sell the current business for $60K. He was quick to note that any restaurant that goes in there would have a bulk of what it needs - fridge, ovens etc. (we didn't ask about a beer and wine license). He also mentioned the monthly revenue of the space to be about $24K. Because of our experience with realtors we rarely take much of what they say for fact but wanted to put it out there.
On another commercial space note the location on Fort Hamilton near Thai Tony's is available. We spoke to the owner last week and for the area it's a real bargain at $1300 per month for 1000 sq. feet. The problem for anyone who wants to open a restaurant (or bar) is it's across from a school and down the block from a church. We're not sure a license would be allowed since there is that pesky 200ft rule.
We've seen lots of places on Church Ave sitting empty and catch ourselves hoping they stay that way for a bit so these greedy landlords realize people are quick to their game. When we spoke with David last week we mentioned the insanity and the lack of business diversity and he made sure to note people should just come in to talk. In the NYC real estate game it seems the novices always pay but experience would tell you its all about negotiations.
Sunday, May 6, 2007
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8 comments:
if it is Korner leaving I wouldn't mind one bit.
I disagree with anonymous.
Korner has some of the best pizza I've ever had.
I hate Korner it's too bready. Prefer Tonnino's but does anyone know about the health inspector shut down?
I would rather Joe Joe close- did anyone notice the pizzeria open on E2nd and Beverly next to Fox Auto
I love Joe and Joe's. I heard it was Korner about two months ago. Anyone know what is up with the Baza Cafe on Church near Dahill? I called the # out front six months ago and they said they would be opening soon. The Superette next to it is getting gutted right now too.
is that true about not opening a cafe or bar with wine and beer near a school or church? in park slope, there are restaurants and even pizza places that sell wine across from schools?
does the 'rule' also apply to churches?
thanks.
Tonino's told me that they had to put in an additional slop sink in the kitchen and that the DOH had been really cracking down since the recent rat fiasco.
I know that I had been really surprised to see the DOH sticker on Tonino's window because a couple of months ago I checked on their DOH record and it was really really good. Only one citation, I think, which is very little.
Everytime I go to Joe and Joe's the guys behind the counter look at me like "what are you doing here?". I thought that this was a one time thing until I went back again; I was the only one in there with three guys behind the counter and still none asked me what I wanted. Also the delivery is soooo long. Go to Regina on Beverley and E2and.
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