Turnkey Restaurant
For Sale
$549,999
472 Suffolk Ave A, Brentwood, NY 11717
Restaurant space with new equipment and permits ready.
Property Size2,152 SF
Lot Size0.05 Acres
Days on Market266
Property Features for 472 Suffolk Ave A
General Information
Standard status
Active
Size
2,152 SF
Lot size
0.05 Acres
Property subtype
Other
Taxes and HOA fees
Annual Taxes
$3,750
Building Details
Building Size
2,152 SF
Year Built
1960
Units
10
Listing Agency:
(631) 796-6463
Listed By:
Mauricio Ramirez
(631) 796-6463
Source:
Elliman
Added: Nov 28, 2025
Changed: Aug 8
Last Checked: Aug 21 at 11:11AM
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 Mauricio Ramirez
Investment Insights
Based on property information with market context.
This property presents a new restaurant opportunity featuring new equipment from various brands. While currently not operational, it is in the process of being activated. All necessary permits are secured, pending a final inspection upon equipment installation. The property is sold As-Is. The business is located within The Shopping Plaza and includes dining seating for 16 patrons. The building provides 2,000 square feet of space, suitable for restaurant or retail use.
Key Highlights
- New restaurant space with all new equipment included
- All permits are ready, requiring only a final inspection
- Located in The Shopping Plaza
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
$42,074
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
7.65%
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%
$841,480
$841.5K
Cap Rate 7%
$601,057
$601.1K
Cap Rate 9%
$467,489
$467.5K
Market Conditions
NOI Build-Up for 2,152 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
$64.6K $30.00/SF
− Vacancy
−$4.5K −$2.07/SF
EGI
$60.1K $27.93/SF
− OpEx
−$18.0K −$8.38/SF
NOI
$42.1K $19.55/SF
Area
Suffolk County, NY
Vacancy
6.90%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
30.00%
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%
$841,480
Cap Rate 7%
$601,057
Cap Rate 9%
$467,489
Alternative Uses
Best Use
Retail
$601.1K
$525.9K – $701.2K
NOI $42,074 @ 7.0% cap · market cap 7.65%
Second Best
Specialty Retail
$559.0K
$489.1K – $652.2K
NOI $39,129 @ 7.0% cap · market cap 7.11%
Theoretical Best
Office A
$655.6K
$573.7K – $764.9K
NOI $45,892 @ 7.0% cap · market cap 8.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
966
Businesses Nearby
250k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 36%
Groceries 33%
Shops & Services 27%
Electronics 3%
Food Bazaar Supermarket
Groceries
38,933 visits/mo
0.4 miles
McDonald's
Dining
28,459 visits/mo
0.5 miles
Fine Fare
Groceries
24,811 visits/mo
0.4 miles
Wendy's
Dining
22,637 visits/mo
0.3 miles
Dollar Tree
Shops & Services
20,138 visits/mo
0.2 miles
Demographics for 11717, NY
62,193
Population
14,086
Households
4.4
Avg Household Size
34
Median Age
10.7 sq mi
ZIP Area
5,812
Density / Sq Mi
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
- Elevated Plates Catering — Brentwood, NY 11717
- Kolachi Foods — 124 Third Ave, Brentwood, NY 11717
Frequently Asked Questions
What type of property is this?
Restaurant - Restaurant space with new equipment and permits ready.
Where is this restaurant located?
The property is located at 472 Suffolk Ave A Brentwood, NY.
What is the asking price?
The asking price for this property is $549,999.
What are key features of this property?
This property features: New restaurant space with all new equipment included; All permits are ready, requiring only a final inspection; Located in The Shopping Plaza
