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    150 Nassau Ave Brooklyn, NY 11222

    Sponsored
    For Sale
    $300,000

    Established Liquor & Wine Store, High-Traffic Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    This thriving liquor and wine store, located in the vibrant Greenpoint neighborhood of Brooklyn, New York, presents a unique investment opportunity. Established in 1991 and family-owned for over 30 years, this business boasts a strong track record and loyal customer base. The store occupies a prime location with excellent foot traffic, further enhanced by recent residential developments in the area, ensuring continued growth potential. The spacious 1030 square foot showroom provides ample space for product display, complemented by a 650 square foot basement offering valuable storage capacity. The current lease offers a flexible 10-year term, providing long-term stability. The store's product range includes liquor, wine, and lottery tickets, providing diverse revenue streams. While primarily a retail operation, there's significant potential to increase revenue through the addition of delivery services. The property is situated at 150 Nassau Ave, Brooklyn, NY 11222, in Kings County. The store underwent renovations in 2013. This turnkey business is priced at $300,000 and offers immediate income generation. The asking price reflects the established nature of the business, its prime location, and the significant growth potential within the rapidly developing Greenpoint community. This is an exceptional opportunity for a savvy investor seeking a profitable and established business in a high-demand market.

    Property Features for 150 Nassau Ave

    General Information

    Property type
    Investment properties

    Building Details

    Year Renovated
    2013

    HighLights

    • $300,000 asking price for a well‑established liquor and wine store.
    • 1,680 square feet (1030 sq ft showroom + 650 sq ft basement storage) in Greenpoint, Brooklyn.
    • Located in a high‑traffic area with strong growth potential.
    • 10‑year lease term with flexibility.
    • Established in 1991, family‑owned, selling liquor, wine, and lottery tickets.
    Property Profile Location Intelligence

    Current Use by Public Records

    Cracovia Liquors Liquor Store

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.9470647
    Latitude
    40.7248584

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    FAQs

    What type of property is this?
    Investment property - Established Liquor & Wine Store, High-Traffic Location
    Where is this investment property located?
    The property is located at 150 Nassau Ave Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $300,000.
    What are key features of this property?
    This property features: $300,000 asking price for a well-established liquor and wine store.; 1,680 square feet (1030 sq ft showroom + 650 sq ft basement storage) in Greenpoint, Brooklyn.; Located in a high-traffic area with strong growth potential.
    Request Owner's contact information
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    Brooklyn, NY 11222
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    150 Nassau Ave Brooklyn, NY 11222
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