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    Turnkey Georgian Bakery Restaurant Opportunity Title is generated by Realmo AI

    1520 Sheepshead Bay Road, Brooklyn, NY 11235

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    Profitable bakery and restaurant near Sheepshead Bay station.

    Type:Retail
    Property size:
    600 SF
    Price / SF:
    $198/SF
    Added:
    Oct 2, 2024
    Days on Market:
    603
    Last Refresh:
    May 12 at 8:30 pm

    Property Features for 1520 Sheepshead Bay Road

    General Information

    Standard status
    Active
    Size
    600 SF
    Property subtype
    Retail

    We can help!

    Listing Contact
    Inna Zabolotnaya

    Listing agent Inna Zabolotnaya License #NY

    Listing office Citi Star Realty

    Listing date Oct 2, 2024

    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 Citi Star Realty

    HighLights

    • High annual income potential: Approximately $319,430 annually.
    • Prime location: Close to Sheepshead Bay train station, shops, buses, banks, and Emmons Avenue.
    • Fully equipped bakery and restaurant: Includes 2 stoves, 6 refrigerators, display counters, and all necessary utensils and appliances.
    • Established business: Currently operating as a Georgian bakery and restaurant with pre‑packaged food and fresh baked goods.
    • Seating and take‑out options available
    • Comfortable ambiance: Features designed wood panels for a cozy feel.

    Overview

    This operating bakery and restaurant offers a clean and welcoming environment. The interior features wood paneling, creating a comfortable atmosphere for customers. The business specializes in authentic Georgian cuisine, including pre-packaged meals and fresh baked goods. The bakery is equipped with two stoves, six refrigerators, glass display countertops, refrigerated under-counter displays, stools, shelving units, and an ice cream freezer. All current utensils and miscellaneous kitchen appliances are included. The annual expenses total $100,570, with monthly expenses of $8,381. Monthly expenses include $250 for fuel, $500 for electricity, $88 for taxes, $160 for water/sewer, $3,467 for payroll, $117 for insurance, and $3,800 for rent. The annual income is $420,000, potentially yielding an annual profit of approximately $319,430. The bakery accommodates both seated and take-out customers. The 600 square foot property is conveniently located near the Sheepshead Bay train station, shops, buses, banks, and Emmons Avenue.
    Location Intelligence

    Current Use by Public Records

    El Poblanito#1 Deli ... Food Market Apani Restaurant

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.953695
    Latitude
    40.58692

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    FAQs

    What type of property is this?
    Conventional restaurant - Profitable bakery and restaurant near Sheepshead Bay station.
    Where is this conventional restaurant located?
    The property is located at 1520 Sheepshead Bay Road Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $119,000.
    What are key features of this property?
    This property features: High annual income potential: Approximately $319,430 annually.; Prime location: Close to Sheepshead Bay train station, shops, buses, banks, and Emmons Avenue.; Fully equipped bakery and restaurant: Includes 2 stoves, 6 refrigerators, display counters, and all necessary utensils and appliances.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Inna Zabolotnaya
    Real Estate License ID: NY
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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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