Restaurant Space with
For Sale
Contact for pricing
856 Knickerbocker Ave Unit STORE, Brooklyn, NY 11207
Food-service improvements include venting, central HVAC, and an ADA restroom.
Property Size2,500 SF
Price / SF$2.00
Days on Market88
Property Features for 856 Knickerbocker Ave Unit STORE
General Information
Standard status
Active
Size
2,500 SF
Additional Details
Floor
Ground
Amenities
central HVAC
ADA restroom
basement storage
Listing Agency:
Davis Realty and Auction
(256) 442-9995
Listed By:
Christopher Davis · License #112829
(256) 390-7773
Source:
Davisrealtyandauction
Added: Aug 6
Changed: Oct 31
Last Checked: Oct 31 at 3:08AM
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 Davis Realty and Auction
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This ground-floor restaurant space is configured with food preparation and service areas, existing venting, central HVAC, and an ADA restroom. A full basement adds storage, while wraparound glass along the storefront brings in natural light and provides frontage on two streets. The ground-floor area is approximately 1,250 SF, with approximately 2,500 SF total including the basement.
At 856 Knickerbocker Avenue in Brooklyn, the space sits along a commercial corridor with restaurants and retailers, amid a dense residential community. The storefront has signage opportunities and exposure from both streets.
At 856 Knickerbocker Avenue in Brooklyn, the space sits along a commercial corridor with restaurants and retailers, amid a dense residential community. The storefront has signage opportunities and exposure from both streets.
Key Highlights
- Approximately 1,250 SF on the ground floor; approximately 2,500 SF total with basement
- Existing food preparation and service areas, venting, central HVAC, and an ADA restroom
- Full basement provides storage space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$119,886
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,397,720
$2.4M
Cap Rate 7%
$1,712,657
$1.7M
Cap Rate 9%
$1,332,067
$1.3M
Market Conditions
NOI Build-Up for 2,500 SF
Gross rent
$194.4K $77.76/SF
− Vacancy
−$23.1K −$9.25/SF
EGI
$171.3K $68.51/SF
− OpEx
−$51.4K −$20.55/SF
NOI
$119.9K $47.95/SF
Area
Brooklyn, NY
Vacancy
11.90%
Lease Rate
$77.76 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,397,720
Cap Rate 7%
$1,712,657
Cap Rate 9%
$1,332,067
Alternative Uses
Best Use
Specialty Retail
$2.07M
$1.81M – $2.42M
NOI $144,900 @ 7.0% cap · market cap 2,898.00%
Second Best
Retail
$1.71M
$1.50M – $2.00M
NOI $119,886 @ 7.0% cap · market cap 2,397.72%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,577
Businesses Nearby
39k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 76%
Dining 24%
Speedway
Shops & Services
15,563 visits/mo
0.5 miles
Family Dollar
Shops & Services
8,524 visits/mo
0.1 miles
Dunkin' Donuts
Dining
7,038 visits/mo
0.4 miles
Extra Space Storage
Shops & Services
2,837 visits/mo
0.3 miles
CubeSmart Self Storage
Shops & Services
2,668 visits/mo
0.4 miles
Demographics for 11207, NY
100,330
Population
38,030
Households
2.6
Avg Household Size
35
Median Age
19%
College-Educated
81%
High-School Grad
2.7 sq mi
ZIP Area
37,159
Density / Sq Mi
$55,419
Median Household Income
$41,008
Median Earnings
$1,443
Median Rent
$657,400
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Food-service improvements include venting, central HVAC, and an ADA restroom.
Where is this conventional restaurant located?
The property is located at 856 Knickerbocker Ave Unit STORE Brooklyn, NY.
What are key features of this property?
This property features: Approximately 1,250 SF on the ground floor; approximately 2,500 SF total with basement; Existing food preparation and service areas, venting, central HVAC, and an ADA restroom; Full basement provides storage space
