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    492 5Th Ave Brooklyn, NY 11215

    Sponsored
    For Lease
    Contact for pricing

    1,400 SF Turnkey Wine Bar Ready

    Lot size:
    1,400 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 1,400 square foot retail space, located at 492 5th Avenue in the vibrant Park Slope South neighborhood of Brooklyn, New York (zip code 11215), presents a unique opportunity for a discerning business owner. Currently vacant, the property boasts a fully built-out wine bar configuration, eliminating the need for extensive renovations and allowing for a swift and efficient launch. The single-tenant occupancy ensures complete control and flexibility for the new operator. Situated in Kings County, this mixed-use property offers high visibility and foot traffic, ideal for a variety of retail concepts, including but not limited to restaurants, fitness centers, or community facilities. The previous tenant operated a successful salon, demonstrating the space's adaptability and potential. The property's street-level location provides excellent accessibility and exposure to the bustling neighborhood. With its turnkey setup and prime location, this property is poised for immediate success. The space is ready for immediate occupancy, offering a significant advantage in a competitive market. This is an exceptional opportunity to establish a thriving business in a highly desirable Brooklyn location. The property's 1,400 square feet provide ample space for a variety of uses, making it a versatile and attractive investment.

    Property Features for 492 5Th Ave

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,400 SF

    Unit(s) available at that property

    Space
    Ground Floor
    Size
    1,400 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Nannybag Luggage Storage Luggage Storage Facility Winemak'Her Bar Wine Bar

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon 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
    -73.9878081
    Latitude
    40.6677058

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    FAQs

    What type of property is this?
    Restaurant - 1,400 SF Turnkey Wine Bar Ready
    Where is this restaurant located?
    The property is located at 492 5Th Ave Brooklyn, NY.
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    492 5Th Ave Brooklyn, NY 11215
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    Brooklyn, NY 11215
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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
    492 5Th Ave Brooklyn, NY 11215
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