Leased Grocery Store with
For Sale
Contact for pricing
219 Brighton Beach Avenue, Brooklyn, NY 11235
Specialty market occupies the retail space under an NNN lease.
Property Size4,000 SF
Price / SF$850
Days on Market73
Property Features for 219 Brighton Beach Avenue
General Information
Standard status
Active
Size
4,000 SF
Property subtype
Retail
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$195,791
Building Details
Buildings
1
Units
1
Tenancy
Single
Listing Agency:
Morsav Inc
Listed By:
Evmorfea Savidis · License #NY 1031120732
Source:
Crexi
Added: Aug 7
Changed: Oct 7
Last Checked: Oct 16 at 9:03AM
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 Morsav Inc
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.
The property at 219 Brighton Beach Avenue in Brooklyn provides 4,000 SF of retail space along with a 2,000 SF storage basement. The premises are occupied by an Eastern European specialty market that has been operating for over 20 years, giving the asset an established retail use and existing tenancy.
Positioned on Brighton Beach Avenue between Brighton 2nd and Brighton 3rd Streets in Brighton Beach, the property is subject to an NNN lease. Its configuration combines a customer-facing grocery retail area with dedicated basement storage, while the current lease structure places operating expenses with the tenant.
Positioned on Brighton Beach Avenue between Brighton 2nd and Brighton 3rd Streets in Brighton Beach, the property is subject to an NNN lease. Its configuration combines a customer-facing grocery retail area with dedicated basement storage, while the current lease structure places operating expenses with the tenant.
Key Highlights
- 4,000 SF of retail space
- Additional 2,000 SF storage basement
- Fully leased to an Eastern European specialty market
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$231,840
Cap Rate
6.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,636,800
$4.6M
Cap Rate 7%
$3,312,000
$3.3M
Cap Rate 9%
$2,576,000
$2.6M
Market Conditions
NOI Build-Up for 4,000 SF
Gross rent
$336.0K $84.00/SF
− Vacancy
−$26.9K −$6.72/SF
EGI
$309.1K $77.28/SF
− OpEx
−$77.3K −$19.32/SF
NOI
$231.8K $57.96/SF
Area
Brooklyn, NY
Vacancy
8.00%
Lease Rate
$84.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,636,800
Cap Rate 7%
$3,312,000
Cap Rate 9%
$2,576,000
Alternative Uses
Best Use
Specialty Retail
$3.31M
$2.90M – $3.86M
NOI $231,840 @ 7.0% cap · market cap 6.82%
Second Best
Retail
$2.74M
$2.40M – $3.20M
NOI $191,818 @ 7.0% cap · market cap 5.64%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,692
Businesses Nearby
123k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 51%
Shops & Services 25%
Groceries 15%
Electronics 9%
McDonald's
Dining
37,003 visits/mo
0.5 miles
Starbucks
Dining
18,545 visits/mo
0.3 miles
Key Food
Groceries
18,221 visits/mo
0.4 miles
Chase Bank
Shops & Services
15,188 visits/mo
0.4 miles
Webster Bank
Shops & Services
8,367 visits/mo
0.3 miles
Demographics for 11235, NY
88,482
Population
37,188
Households
2.4
Avg Household Size
44
Median Age
50%
College-Educated
90%
High-School Grad
2.5 sq mi
ZIP Area
35,393
Density / Sq Mi
$61,689
Median Household Income
$48,898
Median Earnings
$1,649
Median Rent
$723,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Similar Off Market Nearby
- Big Bazaar — 100 Brighton Beach Ave, Brooklyn, NY 11235
- Supermarket Kiev — 230 Brighton Beach Ave, Brooklyn, NY 11235
- Fruit Dynasty — 259 Brighton Beach Ave, Brooklyn, NY 11235
- Deli — 291 Brighton Beach Ave, Brooklyn, NY 11235
- Matty's — 502 Brighton Beach Ave, Brooklyn, NY 11235
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Specialty market occupies the retail space under an NNN lease.
Where is this grocery and convenience store located?
The property is located at 219 Brighton Beach Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $3,400,000.
What are key features of this property?
This property features: 4,000 SF of retail space; Additional 2,000 SF storage basement; Fully leased to an Eastern European specialty market
