Bensonhurst Karaoke Bar &
For Sale
$2,050,000
6115 20th Avenue, Brooklyn, NY 11204
Turnkey karaoke bar and sushi restaurant in prime Bensonhurst location.
Property Size1,800 SF
Price / SF$1,138
Days on Market143
Property Features for 6115 20th Avenue
General Information
Standard status
Active
Size
1,800 SF
Property subtype
Mixed Use
Listing Agency:
Tiger Realty
Listed By:
Emily Hui Chen-Liang
(917) 708-9966
Source:
Prideestates
Added: Apr 24
Changed: Sep 8
Last Checked: Sep 12 at 5:44AM
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 Tiger Realty
Investment Insights
Based on property information with market context.
Located in the heart of Bensonhurst on 20th Avenue and 62nd Street, this established karaoke bar and sushi restaurant offers a turnkey business opportunity. The property features 9,000 square feet of space, including 21 karaoke soundproof rooms and 16 half baths. The business generates an average monthly income of $120,000. The current owner has invested approximately $2,000,000 in renovations, high-end materials, and a liquor license. The property includes a sushi bar and restaurant setup, a 6,000-square-foot finished basement, 20 AC split units, and an air purifier vent. Additional improvements include a newly installed sewer line, a rubber roof, and high-capacity electricity. The property benefits from a 60-foot signage. The location is near the N train station at 20th Avenue, as well as shopping and restaurants in a high retail corridor. The location has a walk score of 94, a transit score of 92, and a bike score of 64.
Key Highlights
- Turnkey Karaoke, Bar, and Sushi restaurant business for sale.
- High monthly income averaging $120,000.
- Prime location in the heart of Bensonhurst on 20th Avenue & 62nd Street.
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
$104,328
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
5.09%
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%
$2,086,560
$2.1M
Cap Rate 7%
$1,490,400
$1.5M
Cap Rate 9%
$1,159,200
$1.2M
Market Conditions
NOI Build-Up for 1,800 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
$151.2K $84.00/SF
− Vacancy
−$12.1K −$6.72/SF
EGI
$139.1K $77.28/SF
− OpEx
−$34.8K −$19.32/SF
NOI
$104.3K $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%
$2,086,560
Cap Rate 7%
$1,490,400
Cap Rate 9%
$1,159,200
Alternative Uses
Best Use
Specialty Retail
$1.49M
$1.30M – $1.74M
NOI $104,328 @ 7.0% cap · market cap 5.09%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,916
Businesses Nearby
170k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 53%
Dining 33%
Electronics 8%
Groceries 6%
McDonald's
Dining
24,219 visits/mo
0.4 miles
Starbucks
Dining
21,059 visits/mo
0.4 miles
Dollar Tree
Shops & Services
20,655 visits/mo
0.3 miles
Mobil
Shops & Services
16,817 visits/mo
0.5 miles
Chase Bank
Shops & Services
13,520 visits/mo
0.4 miles
Demographics for 11204, NY
85,885
Population
27,498
Households
3.1
Avg Household Size
34
Median Age
30%
College-Educated
74%
High-School Grad
1.6 sq mi
ZIP Area
53,678
Density / Sq Mi
$67,588
Median Household Income
$33,461
Median Earnings
$1,751
Median Rent
$1,097,200
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
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Frequently Asked Questions
What type of property is this?
Bar & Pub - Turnkey karaoke bar and sushi restaurant in prime Bensonhurst location.
Where is this bar & pub located?
The property is located at 6115 20th Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,050,000.
What are key features of this property?
This property features: Turnkey Karaoke, Bar, and Sushi restaurant business for sale.; High monthly income averaging $120,000.; Prime location in the heart of Bensonhurst on 20th Avenue & 62nd Street.
