Restaurant with Backyard
251 Wilson Avenue, Brooklyn, NY 11237
For Sale
Contact for pricing
The premises include a finished lower level, high first-floor ceilings, and gas service.
Property Size4,000 SF
Price / SF$1.13
Days on Market34
Property Features for 251 Wilson Avenue
General Information
Standard status
Size
Property subtype
Additional Details
Floor
Utilities to Site
Patio
Building Details
Year Built
Listing Agency:
Sweet Key Realty Group Inc
Listed By:
Qun D. Lin · License NY #10401254850
(347) 323-2443
Source:
Neilcharlesrealestate
Added: Oct 8
Changed: Nov 10
Last Checked: Nov 9 at 3:35PM
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 Sweet Key Realty Group Inc
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Investment Insights
Based on property information with market context.
Configured for restaurant use, the property includes a first floor with high ceilings and a finished basement. Gas service is available within the premises, and a backyard patio provides additional outdoor space. The site previously operated as a cafe or restaurant. A long-term lease is available.
Key Highlights
- Backyard patio offers outdoor seating space
- Finished basement adds usable interior area
- High ceilings on the first floor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$231,840
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
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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See the owner, sales and loan history
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Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
5,843
Businesses Nearby
266k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 41%
Groceries 23%
Shops & Services 20%
Apparel 7%
Burger King
Dining
36,411 visits/mo
0.2 miles
White Castle
Dining
24,528 visits/mo
0.5 miles
BP
Shops & Services
22,327 visits/mo
0.4 miles
Key Food
Groceries
14,926 visits/mo
0.5 miles
Windsor Farms Market
Groceries
14,812 visits/mo
0.4 miles
Demographics for 11237, NY
49,418
Population
18,801
Households
2.6
Avg Household Size
31
Median Age
41%
College-Educated
76%
High-School Grad
1.0 sq mi
ZIP Area
49,418
Density / Sq Mi
$82,570
Median Household Income
$43,421
Median Earnings
$2,109
Median Rent
$1,063,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Conventional restaurants in Brooklyn, NY
Properties on Market for Conventional restaurants in Brooklyn
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - The premises include a finished lower level, high first-floor ceilings, and gas service.
Where is this conventional restaurant located?
The property is located at 251 Wilson Avenue Brooklyn, NY.
What are key features of this property?
This property features: Backyard patio offers outdoor seating space; Finished basement adds usable interior area; High ceilings on the first floor
