Plan B on Vanderbilt is for sale?! 626 Vanderbilt

whynot_31

For those unaware, Plan B is a Sports bar that has been around for several years.    The owners also operate Cookland, a new upscale restaurant that is located across the street.

http://www.loopnet.com/Listing/19271546/626-Vanderbilt-Avenue-Brooklyn-NY/

Price:

$399,000

Building Size:

1,045 SF

Price/SF:

$381.82

Property Type:

Retail

Property Sub-type:

Restaurant

Property Use Type:

Business For Sale

Listing ID

19271546

Last Updated

11 days ago

newguy88

Now where will I get soggy delivery from when I work from my friends place? 

whynot_31

If you have $399k, you can buy it, rename it Newguy88 and then spend 12 hours a day working from there.

van_bon

If you have $399k, you can buy it, rename it Newguy88 and then spend 12 hours a day working from there.

hahahaha

goldemi1

i say we start a kickstarter for newguy88

whynot_31

No takers yet.
http://www.loopnet.com/Listing/19271546/626-Vanderbilt-Avenue-Brooklyn-NY/

bk0077

Just for clarity, the place across the street is Cooklyn (not Cookland).

I live just around the corner and never wandered into Plan B. I always stuck with my first option . . . I guess.

newguy88

i say we start a kickstarter for newguy88

Haha, let's do it! Every backer gets a free soda of their choice! Second tier backers get french fries and a soda! 

whynot_31

This week, the bar is open and packed with football fans. Apparently no one has given him a signed lease and $399k.

Vanderbilly

I know nothing about commercial ownership, but geez 399k sounds like a steal for the potential that space can have.

That breaks down to (i think) about $1500/month mortgage payment, and you never have to worry about being double-gentrified out of there.  As the nabe gets thirstier your monthly remains the same.

How can you lose?

whynot_31

They are just selling the business that occupies the space.

They are not selling the actual space.    As a result, after paying the $399k, you must pay the landlord whatever the lease costs are on a monthly basis.

You'd be purchasing the equipment, and customer "good will"

 

 

whynot_31

New entity now applying for alcohol lic:

Principal is Max Katzenberg.

Full lic is being sought.

Marco555

Max is the general manager of olmstead

New entity now applying for alcohol lic:

Principal is Max Katzenberg.

Full lic is being sought.

whynot_31

He isn't listed a principal.

Will this be the first place he owns?   Does he plan to leave Olmstead and compete with it?

https://www.tran.sla.ny.gov/servlet/ApplicationServlet?pageName=com.ibm.nysla.data.publicquery.PublicQuerySuccessfulResultsPage&validated=true&serialNumber=1294460&licenseType=OP

whynot_31

Note, Plan B is presently closed with paper over the windows.

whynot_31

https://www.dnainfo.com/new-york/20170609/prospect-heights/opening-restaurant-prospect-heights-626-vanderbilt-plan-b

Vanderbilly

DOUBLE BOOM. VANDERBILLY HAPPY. If you didn't click, also mentioned is the re-opening of the BEAST space which is a beautiful space