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    Turnkey Restaurant Near Prospect Park Title is generated by Realmo AI

    675 Flatbush Avenue, Brooklyn, NY 11225

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    For Lease
    $7,500/Mo $81 SF/Yr (calc)

    COMMERCIAL - Brooklyn, NY

    Property size:
    1,100 SF
    Lot size:
    0.04 Acres
    Added:
    Jul 5, 2025
    Days on Market:
    336
    Last Refresh:
    Jun 5 at 10:06 am

    Property Features for 675 Flatbush Avenue

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Zoning
    R7-1
    Standard status
    Active
    Size
    1,100 SF
    Lot size
    0.04 Acres

    Building Details

    Year built
    1925
    Floors in Building
    3

    We can help!

    Listing Contact
    Phillip-Neri Benn

    Listing agent Phillip-Neri Benn

    Listing office Winzone Realty Inc 7405 18th Ave, Brooklyn, NY

    Listing date Jul 5, 2025

    MLS# 493960

    Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Turnkey, fully equipped 1,100 sq ft restaurant ready for immediate operation.
    • Prime location: one block from Prospect Park and a subway station on busy Flatbush Ave.
    • High seating capacity: 14 indoor tables, 6 outdoor tables, 11 counter stools, and backyard space for 10 tables.
    • Fully equipped kitchen includes stove, grill, and NYC Fire Department‑certified overhead hood venting.
    • Walk‑in refrigerator and prep area located in the basement.
    • Support from building owner: A retired chef willing to assist in launching the business.

    Overview

    This turnkey restaurant is located one block from Prospect Park and a subway station in Brooklyn. The vacant, fully equipped restaurant space measures 1,100 square feet and is situated on busy Flatbush Avenue. The restaurant features 14 tables for indoor dining, 6 tables for outdoor dining, and 11 stools for counter top dining. Additionally, the backyard accommodates ten tables. The basement includes a walk-in refrigerator and prep area. The kitchen is equipped with a stove, grill, and overhead hood venting system certified by the NYC Fire Department. The building owner, a retired chef, is willing to assist a restaurateur in launching their business. The property is zoned R7-1 and located in Kings County (Brooklyn).
    Property Profile Location Intelligence

    Current Use by Public Records

    Conventional restaurants

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Cajun flatbush inc — 2163 Tilden Ave, Brooklyn, NY 11226
    • Flaming Grill & Buffet — 2163 Tilden Ave, Brooklyn, NY 11226

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.980784
    Latitude
    40.689386

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    FAQs

    What type of property is this?
    Conventional restaurant - Fully equipped restaurant near Prospect Park and subway station.
    Where is this conventional restaurant located?
    The property is located at 675 Flatbush Avenue Brooklyn, NY.
    What is the lease rate?
    The lease rate is $7,500 /Mo.
    What are key features of this property?
    This property features: Turnkey, fully equipped 1,100 sq ft restaurant ready for immediate operation.; Prime location: one block from Prospect Park and a subway station on busy Flatbush Ave.; High seating capacity: 14 indoor tables, 6 outdoor tables, 11 counter stools, and backyard space for 10 tables.
    (718) 676-6611
    We can help!
    Listing Contact
    Phillip-Neri Benn
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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