Pure Commercial Restaurant
816 Avenue U Brooklyn, NY 11223
816 Avenue U, Brooklyn, NY, 11223
$2,880,000
For Sale
$2,880,000
COMMERCIAL - Brooklyn, NY
Property Size3,200 SF
Lot Size0.08 Acres
Price / SF$900
Days on Market96
Property Features for 816 Avenue U
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- R6A
- Basement
- Full, Finished
- Standard status
- Active
- Size
- 3,200 SF
- Lot size
- 0.08 Acres
Taxes and HOA fees
- Tax Annual Amount
- 28469
Building Details
- Year built
- 1931
- Number of units
- 1
- Building materials
- Brick
- Roof type
- Flat
Listing Agency
E House Realty & Mgt. Inc.
(718) 680-2776
6005 7th Avenue, Brooklyn, NY
Listed by
David Feng
(718) 680-2776
Added: Apr 14 Checked: Jul 18 at 5:06 am
MLS# 500482
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.
Investment Insights
Based on property information with market context.
This pure commercial building is currently occupied by a well-established Mexican restaurant. The ground floor features high ceilings and a wide-open layout, designed to support straightforward commercial operations. A finished basement is also in use as a party/event space, adding flexible interior capacity beyond the main dining level. The property is offered for sale as a commercial asset, with the tenant responsible for 50% of property taxes.
Located on the Avenue U commercial corridor in Brooklyn, the property is positioned near retail and service activity. The surrounding area includes supermarkets, restaurants, banks, and bakeries, providing a tenant-ready setting for neighborhood-serving businesses.
For buyers and operators evaluating an income-generating commercial property, this configuration offers a recognizable restaurant footprint with additional event use below grade. The combination of a large, open ground floor and a finished basement party/event space can support a range of concepts that need both a primary dining or service area and separate lower-level functionality. The current occupancy and rent structure may also be relevant for buyers seeking an already-leased commercial building at closing.
Located on the Avenue U commercial corridor in Brooklyn, the property is positioned near retail and service activity. The surrounding area includes supermarkets, restaurants, banks, and bakeries, providing a tenant-ready setting for neighborhood-serving businesses.
For buyers and operators evaluating an income-generating commercial property, this configuration offers a recognizable restaurant footprint with additional event use below grade. The combination of a large, open ground floor and a finished basement party/event space can support a range of concepts that need both a primary dining or service area and separate lower-level functionality. The current occupancy and rent structure may also be relevant for buyers seeking an already-leased commercial building at closing.
Key Highlights
- Brick commercial building built in 1931 with a flat roof
- Currently leased to a Mexican restaurant generating $9,000/month in rent
- Tenant pays 50% of property taxes
Local 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 | $268.8k | $84.00 |
| − Vacancy | −$21.5k | −$6.72 |
| EGI | $247.3k | $77.28 |
| − OpEx | −$61.8k | −$19.32 |
| NOI | $185.5k | $57.96 |
3,200 SF · lease $84.00/SF/yr · vacancy 8.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$2.65M
$2.32M – $3.09M
NOI $185,472 @ 7.0% cap · market cap 6.44%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
El Palenque 3 ...
Restaurant
Exotic Nails
Nail Salon
Similar For Sale Nearby
FAQs
What type of property is this?
Conventional restaurant - Avenue U corridor restaurant building with high-ceiling ground floor and finished basement party space.
Where is this conventional restaurant located?
The property is located at 816 Avenue U Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,880,000.
What are key features of this property?
This property features: Brick commercial building built in 1931 with a flat roof; Currently leased to a Mexican restaurant generating $9,000/month in rent; Tenant pays 50% of property taxes
