Neighborhood Butcher Shop
For Sale
$750,000
219 Prospect Park W, Brooklyn, NY 11215
COMMERCIAL - Brooklyn, NY
Property Size1,100 SF
Lot Size0.04 Acres
Price / SF$681.82
Days on Market48
Property Features for 219 Prospect Park W
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
R5B
Subdivision
Park Slope
Standard status
Active
Size
1,100 SF
Lot size
0.04 Acres
Building Details
Number of units
1
Building materials
Brick
Listing Agency:
E House Realty & Mgt. Inc.
(718) 680-2776
Listed By:
Shu Yan (Helen) Lin · License #SYL5656
(646) 301-6298
Added: Jul 18
Changed: Aug 7
Last Checked: Sep 3 at 2:06AM
MLS# 503122
Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This for-sale neighborhood butcher shop is offered as a turnkey business. The property is located at 219 Prospect Park W in Brooklyn, NY 11215. The current owner is retiring, creating a direct handoff for the next owner-operator.
The offering includes approximately 1,100 square feet of space on a lot size of about 0.0413 acres. The property is zoned R5B.
Additional information and showings are available for serious inquiries.
The offering includes approximately 1,100 square feet of space on a lot size of about 0.0413 acres. The property is zoned R5B.
Additional information and showings are available for serious inquiries.
Key Highlights
- Brick construction
- Well‑established neighborhood butcher shop with a loyal customer base and a reputation built over decades
- Owner retiring—business is available for an owner‑operator or experienced food business investor
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$63,756
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.50%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,275,120
$1.3M
Cap Rate 7%
$910,800
$910.8K
Cap Rate 9%
$708,400
$708.4K
Market Conditions
NOI Build-Up for 1,100 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$92.4K $84.00/SF
− Vacancy
−$7.4K −$6.72/SF
EGI
$85.0K $77.28/SF
− OpEx
−$21.3K −$19.32/SF
NOI
$63.8K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,275,120
Cap Rate 7%
$910,800
Cap Rate 9%
$708,400
Alternative Uses
Best Use
Specialty Retail
$910.8K
$797.0K – $1.06M
NOI $63,756 @ 7.0% cap · market cap 8.50%
Second Best
Retail
$753.6K
$659.4K – $879.2K
NOI $52,750 @ 7.0% cap · market cap 7.03%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
2,648
Businesses Nearby
43k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 49%
Groceries 35%
Shops & Services 11%
Apparel 3%
Windsor Farms Market
Groceries
15,116 visits/mo
0.2 miles
Dunkin' Donuts
Dining
8,912 visits/mo
0.1 miles
Chipotle Mexican Grill
Dining
6,971 visits/mo
0.2 miles
Santander Bank
Shops & Services
4,660 visits/mo
0.1 miles
Fonda
Dining
4,409 visits/mo
0.4 miles
Demographics for 11215, NY
67,493
Population
32,197
Households
2.1
Avg Household Size
37
Median Age
80%
College-Educated
96%
High-School Grad
2.2 sq mi
ZIP Area
30,679
Density / Sq Mi
$180,773
Median Household Income
$99,151
Median Earnings
$2,803
Median Rent
$1,674,700
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Neighborhood Deli & Grocery Inc — 326 Greenwood Ave, Brooklyn, NY 11218
- Seeley Deli — 251 seeley st, brooklyn, ny 11218
- Prospect Market — 236-238 Prospect Park W, Brooklyn, NY 11215
- Marketplace By Key Food — 615 5th Ave, Brooklyn, NY 11215
- Associated Fresh — 615 5th Ave, Brooklyn, NY 11215
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - For sale butcher shop storefront in Brooklyn, NY, offered as a turnkey business with the owner retiring.
Where is this grocery and convenience store located?
The property is located at 219 Prospect Park W Brooklyn, NY.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Brick construction; Well‑established neighborhood butcher shop with a loyal customer base and a reputation built over decades; Owner retiring—business is available for an owner‑operator or experienced food business investor
