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    1824 Kings Hwy Brooklyn, NY 11229

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    For Sale
    $3,000,000

    Established supermarket with high revenue and loyal customer base.

    Lot size:
    0.23 Acres

    Property Features for 1824 Kings Hwy

    General Information

    Lot size
    0.23 Acres

    Building Details

    Year built
    1925

    Source: Superior Realty Service Agent Diana Melerud

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

    Overview

    Brooklyn Supermarket on Kings Hwy

    This supermarket in Brooklyn is located on Kings Hwy in Midwood. Established over 30 years ago, the international food store features products from all over the world and freshly cooked food prepared on-site in the back kitchens. The store has a glass front with window displays. It is equipped with freezers, display fridges, and custom shelves. The store generates annual revenue of $10 million. There are 70 workers in the supermarket. The lease ends in 2030 with an option to extend. The rent is $65,000 per month.
    Location Intelligence

    Current Use by Public Records

    Domino Supermarket Supermarket

    Suggested Use

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

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

    Similar Places Nearby

    Kosher Palace Supermarket, Gmor Supermarket, Target Grocery, Gourmet Plaza, Jerusalem Glatt Meat

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.954903
    Latitude
    40.60995

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    FAQs

    What type of property is this?
    Grocery and convenience store - Established supermarket with high revenue and loyal customer base.
    Where is this grocery and convenience store located?
    The property is located at 1824 Kings Hwy Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $3,000,000.
    What are key features of this property?
    This property features: - Prime location on Kings Hwy in the heart of Midwood with high traffic and surrounding businesses.; - Established international food store with a 30-year operating history and loyal customer base.; - Impressive annual revenue of $10 million.
    (347) 554-8282
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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
    1824 Kings Hwy Brooklyn, NY 11229
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