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    173 Veronica Pl Brooklyn, NY 11226

    For Sale
    $1,200,000

    One-story restaurant/lounge with development potential near Nostrand Avenue.

    Property size:
    2,850 SF
    Lot size:
    0.07 Acres

    Property Features for 173 Veronica Pl

    General Information

    Size
    2,850 SF
    Lot size
    0.07 Acres

    Source: Ariel Property Advisors Agent Michael A. Tortorici

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

    Overview

    Restaurant/Lounge on Block Through Lot

    This property features a one-story restaurant/lounge spanning 2,850 square feet. The building includes central heating and air conditioning systems, a surround sound music system, and a new lighting system. It has two separate entrances, one on Rogers Avenue and another on Veronica Place. The property is situated on a block-through lot from Veronica Place to Rogers Avenue. It presents a prime mixed-use development opportunity with 8,582 buildable square feet (BSF) under the standard FAR, or 11,669 BSF with the City of Yes’s UAP program. The location is a short walk from the 2/5 train at Nostrand Avenue and Beverley Road, offering convenient access to public transportation. The existing building is in immaculate condition, making it a perfect opportunity for an owner-user.
    Insight Report Location Intelligence

    Current Use by Public Records

    Conventional restaurants

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

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

    Similar Places Nearby

    Cajun flatbush inc, Flaming Grill & Buffet, Fancy Buffet

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.95233
    Latitude
    40.64585

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    FAQs

    What type of property is this?
    Conventional restaurant - One-story restaurant/lounge with development potential near Nostrand Avenue.
    Where is this conventional restaurant located?
    The property is located at 173 Veronica Pl Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: - Prime mixed-use development opportunity with 8,582 BSF (or 11,669 BSF with City of Yes's UAP program).; - Existing 2,850 Sq. Ft. building in immaculate condition.; - Perfect owner user opportunity as a restaurant/lounge.
    (212) 544-9500
    Request Owner's contact information
    173 Veronica Pl Brooklyn, NY 11226
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    Brooklyn, NY 11226
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    Realmo Value Estimation

    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.

    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.

    Alternative use

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

    More about this property
    173 Veronica Pl Brooklyn, NY 11226
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