The subject property is a below market lease and restaurant for sale for $400,000 key money. Gallitos kitchen is a Mexican style restaurant with 58 person seating. The kitchen is fully built with updated equipment and the 1500 sqft dinning space also has a full basement with walk-in boxes and storage. Some other details include: Landlord has an approval letter from the community board for a 2am full liquor license. There are 10 years remaining on the lease with is currently only $8200/month. (Spaces on this block rent for $15,000) When you keep it as a restaurant or change to a different business, there are no other ground level storefronts on this block. Lease contains a good guy clause and 3% escalations. The owner will also sell this together with another restaurant at 413 Myrtle Ave, GB Tavern which has a full 2am liquor license in place. Key money for that is $300k