Park-Front Mixed-Use
65 Kent Avenue Brooklyn, NY 11249
For Sale
$6,950,000
Three-story corner mixed-use building with full restaurant and bar buildout, a private second-floor bar and terrace, and a top-floor residence.
Property Size5,900 SF
Lot Size0.06 Acres
Price / SF$1,177
Days on Market52
Property Features for 65 Kent Avenue
General Information
Standard status
Active
Size
5,900 SF
Lot size
0.06 Acres
Property subtype
Mixed Use
Building Details
Year Built
1910
Listing Agency:
Compass
(832) 715-5497
Listed By:
Philip H Reynolds
(832) 715-5497
Source:
Carlinwright
Added: Jun 9
Changed: Jul 30
Last Checked: Jul 30 at 6:48AM
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 Compass
Investment Insights
Based on property information with market context.
This park-front corner mixed-use building is directly across from Bushwick Inlet Park and offers unobstructed Midtown Manhattan views. The property is approximately 3 stories and roughly 5,900 SF, situated on a 2,500 SF lot, with a 1910 build year.
The space includes a full destination restaurant and bar buildout designed for immediate operation, featuring a professional kitchen and bar infrastructure. A private bar is on the second floor and includes an expansive outdoor terrace. The top floor features a residential unit.
Liquor licensing is an important component of the offering, with a 4am liquor license included. The property is zoned M1-2, with rezoning optionality as the corridor continues to attract development. Purchase options include taking the property vacant or acquiring the operating business.
The space includes a full destination restaurant and bar buildout designed for immediate operation, featuring a professional kitchen and bar infrastructure. A private bar is on the second floor and includes an expansive outdoor terrace. The top floor features a residential unit.
Liquor licensing is an important component of the offering, with a 4am liquor license included. The property is zoned M1-2, with rezoning optionality as the corridor continues to attract development. Purchase options include taking the property vacant or acquiring the operating business.
Key Highlights
- Corner lot directly across from Bushwick Inlet Park with unobstructed Midtown Manhattan views
- Approximately 5,900 SF across roughly 3 stories
- 2,500 SF lot on a park‑front corner position
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $495.6k | $84.00 |
| − Vacancy | −$39.6k | −$6.72 |
| EGI | $456.0k | $77.28 |
| − OpEx | −$114.0k | −$19.32 |
| NOI | $342.0k | $57.96 |
5,900 SF · lease $84.00/SF/yr · vacancy 8.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$4.89M
$4.27M – $5.70M
NOI $341,964 @ 7.0% cap · market cap 4.92%
Second Best
Mixed Use
$3.06M
$2.68M – $3.57M
NOI $214,170 @ 7.0% cap · market cap 3.08%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Mixed-use property - Three-story corner mixed-use building with full restaurant and bar buildout, a private second-floor bar and terrace, and a top-floor residence.
Where is this mixed-use property located?
The property is located at 65 Kent Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $6,950,000.
What are key features of this property?
This property features: Corner lot directly across from Bushwick Inlet Park with unobstructed Midtown Manhattan views; Approximately 5,900 SF across roughly 3 stories; 2,500 SF lot on a park‑front corner position
