Conventional Restaurant
774 59th Street, Brooklyn, NY 11220
For Sale
$7,400,000
Commercial, Brooklyn, NY
Property Size6,800 SF
Lot Size0.05 Acres
Price / SF$1,088
Days on Market54
Property Features for 774 59th Street
General Information
Property type
Property subtype
Zoning
Subdivision
Standard status
Size
Lot size
Taxes and HOA fees
Tax Annual Amount
Building Details
Year built
Floors in Building
Number of units
Building materials
Roof type
Buildings
Listing Agency:
Tiger Realty
Listed By:
Qi Weng
(917) 708-9966
Added: Sep 21
Changed: Oct 30
Last Checked: Nov 13 at 11:06PM
MLS# 504726
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.
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Investment Insights
Based on property information with market context.
This conventional restaurant property is a brick and masonry commercial building in Brooklyn with one commercial storefront. The building contains 6,800 square feet and occupies a 0.046-acre lot measuring 20 feet by 100 feet. Its flat roof and 1923 construction provide a straightforward physical profile for evaluating restaurant or other commercial occupancy, subject to applicable requirements.
The property is located at 774 59th Street in Brooklyn, within the 11220 ZIP code. It carries R6 zoning, offering a defined land-use framework for future ownership and occupancy review. The building dimensions are 20 feet by 74 feet, providing additional context for the existing structure and site configuration.
The property is located at 774 59th Street in Brooklyn, within the 11220 ZIP code. It carries R6 zoning, offering a defined land-use framework for future ownership and occupancy review. The building dimensions are 20 feet by 74 feet, providing additional context for the existing structure and site configuration.
Key Highlights
- 6,800‑square‑foot commercial building
- Single commercial storefront
- 0.046‑acre lot measuring 20 feet by 100 feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$215,118
Cap Rate
2.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,302,360
$4.3M
Cap Rate 7%
$3,073,114
$3.1M
Cap Rate 9%
$2,390,200
$2.4M
Market Conditions
NOI Build-Up for 6,800 SF
Gross rent
$310.1K $45.60/SF
− Vacancy
−$23.3K −$3.42/SF
EGI
$286.8K $42.18/SF
− OpEx
−$71.7K −$10.55/SF
NOI
$215.1K $31.64/SF
Area
ZIP 11220
Vacancy
7.50%
Lease Rate
$45.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,302,360
Cap Rate 7%
$3,073,114
Cap Rate 9%
$2,390,200
Alternative Uses
Best Use
Specialty Retail
$3.07M
$2.69M – $3.59M
NOI $215,118 @ 7.0% cap · market cap 2.91%
Second Best
Retail
$2.56M
$2.24M – $2.99M
NOI $179,528 @ 7.0% cap · market cap 2.43%
Theoretical Best
Office A
$4.41M
$3.86M – $5.14M
NOI $308,579 @ 7.0% cap · market cap 4.17%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
6,788
Businesses Nearby
62k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 84%
Dining 12%
Home Improvements & Furnishings 4%
BP
Shops & Services
19,079 visits/mo
0.4 miles
Chase Bank
Shops & Services
16,183 visits/mo
0.3 miles
Shell
Shops & Services
14,799 visits/mo
0.3 miles
Carvel Ice Cream
Dining
5,481 visits/mo
0.5 miles
W 8 Electric Supply Corp.
Home Improvements & Furnishings
2,500 visits/mo
0.1 miles
Demographics for 11220, NY
105,797
Population
30,897
Households
3.4
Avg Household Size
35
Median Age
25%
College-Educated
62%
High-School Grad
1.7 sq mi
ZIP Area
62,234
Density / Sq Mi
$64,201
Median Household Income
$31,489
Median Earnings
$1,688
Median Rent
$1,021,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Conventional restaurants in Brooklyn, NY
Properties on Market for Conventional restaurants in Brooklyn
Vacancy Rate% for Retail in Northeast region
Similar Off Market Nearby
- 山城 — 6505 fort hamilton pkwy, brooklyn, ny 11219
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Brick commercial building with a single storefront and flexible tenant-use potential in Brooklyn.
Where is this conventional restaurant located?
The property is located at 774 59th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $7,400,000.
What are key features of this property?
This property features: 6,800‑square‑foot commercial building; Single commercial storefront; 0.046‑acre lot measuring 20 feet by 100 feet
