Restaurant with Event
For Sale
$1,499,999
1193 Liberty Avenue, New York, NY 11208
The two-level operation combines a dine-in restaurant with event space and separate basement access.
Property Size3,300 SF
Price / SF$454.55
Days on Market37
Property Features for 1193 Liberty Avenue
General Information
Standard status
Active
Size
3,300 SF
Property subtype
Retail
Site & Location
Neighborhood
City Line
Additional Details
Floor
1 + Basement
Business Included
Yes
Equipment Included
Yes
Amenities
Central Heating and Cooling
3 separate Restrooms
modern Lighting and Sound system
separate entrance
Building Details
Year Built
1920
Listing Agency:
Neil Charles Real Estate
Listed By:
Ann Stettner · License #10401201931
(917) 660-3266
Source:
Neilcharlesrealestate
Added: Sep 24
Changed: Oct 30
Last Checked: Oct 30 at 2:07AM
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 Neil Charles Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 3,300-square-foot restaurant property, built in 1920, accommodates a 50-seat dining room and two event halls with seating for 190 and 150. The lower-level hall has its own entrance, alongside kitchen storage. Central heating and cooling, three restrooms, and a modern lighting and sound system serve the operation. Inventory, equipment, and fixtures are included in an as-is sale. The business is currently operating and serves Halal South Asian cuisine.
The property fronts Liberty Avenue. Nearby transit includes bus service and the A train, with shops and supermarkets also in the surrounding area. The existing lease has a 15-year term and a five-year option.
The property fronts Liberty Avenue. Nearby transit includes bus service and the A train, with shops and supermarkets also in the surrounding area. The existing lease has a 15-year term and a five-year option.
Key Highlights
- 3,300‑square‑foot restaurant property with a 50‑seat dining room
- Event halls seat 190 and 150; the basement hall has a separate entrance
- Central heating and cooling, three restrooms, and lighting and sound equipment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$71,737
Cap Rate
4.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,434,740
$1.4M
Cap Rate 7%
$1,024,814
$1.0M
Cap Rate 9%
$797,078
$797.1K
Market Conditions
NOI Build-Up for 3,300 SF
Gross rent
$103.0K $31.20/SF
− Vacancy
−$7.3K −$2.22/SF
EGI
$95.6K $28.98/SF
− OpEx
−$23.9K −$7.25/SF
NOI
$71.7K $21.74/SF
Area
ZIP 11208
Vacancy
7.10%
Lease Rate
$31.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,434,740
Cap Rate 7%
$1,024,814
Cap Rate 9%
$797,078
Alternative Uses
Best Use
Specialty Retail
$1.02M
$896.7K – $1.20M
NOI $71,737 @ 7.0% cap · market cap 4.78%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.02M
$1.77M – $2.36M
NOI $141,343 @ 7.0% cap · market cap 9.42%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
2,896
Businesses Nearby
206k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 47%
Dining 34%
Groceries 9%
Apparel 5%
Golden Farms
Groceries
19,299 visits/mo
0.3 miles
BP
Shops & Services
19,220 visits/mo
0.2 miles
Capital One Bank
Shops & Services
18,839 visits/mo
0.5 miles
Popeyes Louisiana Kitchen
Dining
17,803 visits/mo
0.5 miles
Chase Bank
Shops & Services
17,351 visits/mo
0.1 miles
Demographics for 11208, NY
101,958
Population
37,261
Households
2.7
Avg Household Size
35
Median Age
16%
College-Educated
82%
High-School Grad
2.7 sq mi
ZIP Area
37,762
Density / Sq Mi
$59,988
Median Household Income
$40,156
Median Earnings
$1,563
Median Rent
$638,200
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Similar Off Market Nearby
- 404 Court St., Brooklyn NY — 285 Montauk Ave., Brooklyn, NY 11208
Frequently Asked Questions
What type of property is this?
Conventional restaurant - The two-level operation combines a dine-in restaurant with event space and separate basement access.
Where is this conventional restaurant located?
The property is located at 1193 Liberty Avenue New York, NY.
What is the asking price?
The asking price for this property is $1,499,999.
What are key features of this property?
This property features: 3,300‑square‑foot restaurant property with a 50‑seat dining room; Event halls seat 190 and 150; the basement hall has a separate entrance; Central heating and cooling, three restrooms, and lighting and sound equipment
