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    Turnkey Brooklyn Entertainment Venue Title is generated by Realmo AI

    1011 Dean St, Brooklyn, NY 11238

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    Established entertainment venue for sale in Crown Heights, Brooklyn.

    Type:Business for Sale
    Property size:
    5,500 SF
    Price / SF:
    $63/SF
    Added:
    Feb 17, 2026
    Days on Market:
    94
    Last Refresh:
    Mar 17 at 1:16 pm

    Property Features for 1011 Dean St

    General Information

    Standard status
    Active
    Size
    5,500 SF
    Property subtype
    Business for Sale

    We can help!

    Listing Contact
    Evan Franca

    Listing agent Evan Franca License #10401394183

    Listing office The Agency NYC Real Estate

    Listing date Feb 17, 2026

    Source Crexi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of The Agency NYC Real Estate

    HighLights

    • Turnkey entertainment venue with 18 years of continuous operation.
    • Spacious 5,500 sq ft facility with a legal occupancy of 287 guests.
    • Below‑market lease agreement at $24 per square foot.
    • Includes all furniture, fixtures, and equipment (FF&E), plus established customer and vendor databases.
    • Features a loading dock with direct truck access.
    • Comprehensive operational systems including full HVAC, commercial kitchen, built‑out bar, four bathrooms, and professional entertainment equipment.

    Overview

    This turnkey entertainment venue presents a unique acquisition opportunity in Brooklyn's Crown Heights. The business has operated continuously for 18 years, demonstrating sustained market presence and operational stability. The professionally designed facility encompasses 5,500 square feet across two levels: 4,000 square feet on the ground floor and 1,500 square feet on the second level featuring 30-foot ceilings. The venue maintains a legal occupancy certificate for 287 guests. The facility includes full HVAC climate control, a commercial-grade electric kitchen, a built-out bar facility, and four bathroom facilities. Professional entertainment equipment includes stage lighting with a motorized truss system, an integrated sound system, DJ equipment, and theater curtains. A scissor lift provides operational flexibility for event setup and maintenance. The property features a loading dock with direct truck access. The venue operates under a lease agreement at $24 per square foot. The sale includes all furniture, fixtures, and equipment. Established customer and vendor databases transfer with the business. This acquisition suits experienced event operators, hospitality groups, production companies, or investors seeking an established Brooklyn venue with proven operational history and growth potential.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    KAI studio Hotel & Motel

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Similar Places Nearby

    • Whoopsie Daisy — 225 Rogers Ave, Brooklyn, NY 11225
    • Union Street Pub — 835 Franklin Ave, Brooklyn, NY 11225
    • Rodeo — 1134 President St, Brooklyn, NY 11225
    • The Canary — 789 Franklin Ave, Brooklyn, NY 11238
    • FRANKLIN820 — 820 Franklin Ave, Brooklyn, NY 11225

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.95678
    Latitude
    40.678062

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    FAQs

    What type of property is this?
    Night club - Established entertainment venue for sale in Crown Heights, Brooklyn.
    Where is this night club located?
    The property is located at 1011 Dean St Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: Turnkey entertainment venue with 18 years of continuous operation.; Spacious 5,500 sq ft facility with a legal occupancy of 287 guests.; Below‑market lease agreement at $24 per square foot.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Evan Franca
    Real Estate License ID: 10401394183
    Learn More
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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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    1011 Dean St, BROOKLYN, NY 11238
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