One of the last storefronts on Washington Ave: 662

Buy the whole building for $1.85M

http://www.cpexre.com/system/assets/properties/documents/545/original/662_Washington_Ave_Setup.pdf?1366294144

Or, just lease the first floor for $6k a month

http://www.cpexre.com/system/assets/properties/documents/549/original/662_Washington_Ave_-_Setup.pdf?1367349585

The Konditori between St. Marks and Prospect doesn't exist, at least yet.

Way too much money for too small a building. Even with a rent roll of about $140,000 a year at best case of 10 times rent you're only looking at $1.4M And I can't see them getting $5500 per month for the store. Figures seem awfully optimistic to me. If the current owner was making that much money they wouldn't be selling.

Since the above photo was taken, the storefront to the right has become a snazzy cocktail and brunch place.

http://www.yelp.com/biz/the-saint-catherine-brooklyn

It no longer tries to pay rent based on selling Castrol GTX oil.

At $66,000 a year for rent, costs to just keep the store open would probably be in the $73,000 a year range, providing that it's not a restaurant business which would be more. Net income after whatever it is that is being sold would need to be somewhere in the $200,000 range just to pay taxes and have a salary. Let's not forget that if there's employees that's another added expense. Someone is going to have to have a REALLY good business plan.

Time will tell...

At present, the first floor is a shell.

that building looks awful familiar . hmmmm was it for sale before?

Aug 19, 2013: The storefront remains available for lease. I'm not sure if the building has changed hands.