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    7215 18Th Ave Brooklyn, NY 11204

    Sponsored
    For Sale
    $99,999

    Profitable Restaurant, 3,759 SF, $99,999

    Property size:
    3,759 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    396
    This exceptional commercial property, located at 7215 18th Avenue in Brooklyn, NY 11204, presents a unique investment opportunity. The 3,759 square foot retail space is currently configured as a thriving restaurant, boasting a 1,300 square foot first floor and a full basement. The two-story building sits on a 2,002 square foot lot. The first floor, currently operating as a BBQ restaurant and bubble/fruit tea shop, enjoys a strong rental income of $5,200 per month. The tenant is responsible for a portion of property taxes, water, and electricity, keeping total added monthly expenses below $6,000. The basement, accessible via a separate entrance, provides ample storage space and includes a bathroom. A significant advantage is the tenant's permitted use of the backyard for various purposes. The building features ceilings ranging from 11 to 15 feet high. This prime location in Kings County (Brooklyn) offers excellent potential for a variety of businesses, making this a truly compelling investment opportunity. The asking price is $99,999. Don't miss out!

    Property Features for 7215 18Th Ave

    General Information

    Property type
    Restaurants
    Square Feet
    3,759 SF

    Building Details

    Stories
    2

    HighLights

    • $99,999 asking price
    • 3,759 square foot retail building
    • Two‑story building on a 2,002 square foot lot
    • 11‑15 foot ceiling height
    • Located at 7215 18th Avenue, Brooklyn, NY 11204
    Property Profile Location Intelligence

    Current Use by Public Records

    Stand Up Cafe Cafe

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings (Brooklyn)
    State
    New York
    Longitude
    -73.9944177
    Latitude
    40.6146245

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    FAQs

    What type of property is this?
    Restaurant - Profitable Restaurant, 3,759 SF, $99,999
    Where is this restaurant located?
    The property is located at 7215 18Th Ave 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: $99,999 asking price; 3,759 square foot retail building; Two-story building on a 2,002 square foot lot
    Request Owner's contact information
    7215 18Th Ave Brooklyn, NY 11204
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    Brooklyn, NY 11204
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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
    7215 18Th Ave Brooklyn, NY 11204
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