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    8402 3Rd Ave Brooklyn, NY 11209

    For Sale
    $325,000

    Popular Bay Ridge restaurant for sale, recently renovated, turn-key.

    Lot size:
    0.06 Acres

    Property Features for 8402 3Rd Ave

    General Information

    Lot size
    0.06 Acres

    Source: Ben Bay Realty Co of Bay Ridge Agent Miguel De Jesus

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

    Overview

    Turn-Key Restaurant Opportunity in Bay Ridge

    This is a turn-key opportunity to acquire a popular restaurant in Bay Ridge. The restaurant, King Souvlaki, offers dine-in, take-out, and delivery services. The property has been recently renovated and comprises approximately 1050 square feet, with an additional basement. A large walk-in freezer is included. The lease has 13 years remaining, with 3% yearly increases. The property features a separate sub meter for water. It is located near public transportation and shopping areas. This property is suitable for restaurant or retail use.
    Insight Report Location Intelligence

    Current Use by Public Records

    King Souvlaki Greek Restaurant

    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

    Hayat Caterers inc, Serve

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -74.030843
    Latitude
    40.624747

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    FAQs

    What type of property is this?
    Restaurant - Popular Bay Ridge restaurant for sale, recently renovated, turn-key.
    Where is this restaurant located?
    The property is located at 8402 3Rd Ave Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $325,000.
    What are key features of this property?
    This property features: - Turn-key restaurant opportunity with existing business (King Souvlaki); - Recently renovated; - Favorable lease terms: 13 years remaining with 3% yearly increases
    (718) 238-6080
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    8402 3Rd Ave Brooklyn, NY 11209
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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
    8402 3Rd Ave Brooklyn, NY 11209
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