Borough Park Restaurant Property Lists for $2.8 Million

The 60-year-old business remains open, but the owners are preparing to retire following the potential sale of the building.

Updated on Oct. 16, 2026 in Openings & Closings

Ornate brick facade of an old neighborhood commercial building in Brooklyn, featuring decorative masonry cornices and tall windows in morning light. — Shloimie and Roz Lieberman have listed their long-standing Borough Park restaurant property for $2.8 million as they prepare to retire. AI Illustration. Upload story photo >

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Does the potential closure of long-standing local businesses harm the character of your neighborhood?

Shloimie and Roz Lieberman have listed their Borough Park restaurant property at 4801 16th Avenue for $2.8 million. The owners of the long-standing neighborhood establishment intend to retire following the sale, though the business remains open for now.

Why it matters

The potential closure of Lieberman's Luncheonette marks the end of a 60-year operational tenure in Borough Park. Owners are selling to prioritize retirement, religious study, and family time, creating a vacancy in a 1,600-square-foot footprint.

The property at 4801 16th Avenue is listed for $2.8 million for a 1,600-square-foot building. The business has operated for 60 years and currently accommodates 22 customers across four tables and a counter.

The players

Lieberman's Luncheonette

A long-standing, 60-year-old neighborhood restaurant in Borough Park specializing in strictly observed dietary standards.

Shloimie and Roz Lieberman

The current owner-operators of the business who manage daily operations from a base in Staten Island.

The details

The two-story property serves as the site for a restaurant that maintains rigorous operational standards, including daily inspections of eggs for blood spots and adherence to Cholov Yisroel dairy requirements. The owners manage the site through a daily commute from Staten Island, starting their routine at 6:00 a.m. to procure supplies and closing operations by 5:00 p.m. daily.

1968: The year Jacob Lieberman purchased the business.
6:00 a.m.: The daily time the owners depart for supply collection.
5:00 p.m.: The typical time the owners return home after closing.

Market Landscape

This listing follows the pattern of legacy business owners divesting assets to fund retirement in high-demand commercial corridors. It reflects the broader trend of intergenerational turnover currently reshaping small-business ownership in Brooklyn's neighborhood hubs.

Operators in high-density areas should monitor the commercial real estate listings at this location for potential shifts in neighborhood vendor availability. Owners considering their own exit strategies should factor in current property values for 1,600-square-foot footprints in Borough Park.

The takeaway

Legacy owners should regularly assess their property value against retirement goals to time their exit effectively. Operators should track the eventual sale price of this site as a benchmark for commercial real estate demand on 16th Avenue.