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Restaurant with Backyard and Basement
For Sale
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7215 18TH Avenue, Brooklyn, NY 11204

Restaurant with basement storage and backyard use in Brooklyn.

Property Size3,759 SF
Price / SF$26.60
Days on Market733

Property Features for 7215 18TH Avenue

General Information

Standard status Active
Size 3,759 SF
Property subtype Retail

Building Details

Stories 2
Listing Agency: Momentum Real Estate LLC
Listed By: Ray Wu · License #New York
Source: Crexi
Added: Sep 5, 2024 Changed: Sep 2 Last Checked: Sep 5 at 12:26PM

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 Momentum Real Estate LLC

Investment Insights

Based on property information with market context.

A restaurant space is available for sale. The first floor measures 1300 square feet, and the tenant has permission to use the backyard for all purposes. A basement is included, which is currently used for storage and includes a bathroom with a separate entrance. The first floor is currently operating as a BBQ restaurant that also serves bubble tea and fruit tea. The monthly rent is $5200. The tenant is responsible for one-third of the property tax, water, and electric bills, totaling less than $6,000 per month. The property is located in a suitable area for various businesses.

Key Highlights

  • Excellent condition restaurant space ready for immediate operation.
  • Prime location suitable for various business types.
  • Low monthly expenses: Rent $5200/month + 1/3 property tax, water & electric (total less than $6000/month).

Property Analytics

Current Use

Stand Up Cafe Cafe & Coffee Shop

Suggested Use

Top Pick Law Firm Parking Lot & Garage Real Estate Agency Hotel & Motel Bar & Pub Gym & Fitness Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

3,853
Businesses Nearby
149k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 53% Dining 20% Groceries 18% Electronics 9%
Starbucks Dining
21,059 visits/mo 0.3 miles
Dollar Tree Shops & Services
20,655 visits/mo 0.5 miles
Key Food Groceries
15,543 visits/mo 0.4 miles
Chase Bank Shops & Services
13,520 visits/mo 0.3 miles
Bank of America Shops & Services
11,277 visits/mo 0.2 miles

Demographics for 11204, NY

85,885
Population
27,498
Households
3.1
Avg Household Size
34
Median Age
30%
College-Educated
74%
High-School Grad
1.6 sq mi
ZIP Area
53,678
Density / Sq Mi
$67,588
Median Household Income
$33,461
Median Earnings
$1,751
Median Rent
$1,097,200
Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Restaurant with basement storage and backyard use in Brooklyn.
Where is this conventional restaurant located?
The property is located at 7215 18TH Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $99,999.
What are key features of this property?
This property features: Excellent condition restaurant space ready for immediate operation.; Prime location suitable for various business types.; Low monthly expenses: Rent $5200/month + 1/3 property tax, water & electric (total less than $6000/month).
More about this property
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