Plan B on Vanderbilt is for sale?! 626 Vanderbilt

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

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

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

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

hahahaha

i say we start a kickstarter for newguy88

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

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.

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! 

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

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?

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"

 

 

New entity now applying for alcohol lic:

Principal is Max Katzenberg.

Full lic is being sought.

Max is the general manager of olmstead

New entity now applying for alcohol lic:

Principal is Max Katzenberg.

Full lic is being sought.

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

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

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

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