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    8234 18Th Ave Brooklyn, NY 11214

    Sponsored
    For Sale
    $2,850,000

    Prime location, versatile space, high visibility

    Property size:
    3,466 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional commercial property, located at 8234 18th Avenue in Brooklyn, New York, presents a unique investment opportunity. Boasting a highly visible corner location in the vibrant Bensonhurst neighborhood, this two-story brick building offers 3,466 square feet of versatile space, ideal for a multitude of uses. The property sits on a 2,200 square foot lot and features 11-15 foot ceilings, providing ample room for various business ventures. The building's previous use as auto shops highlights its robust construction and adaptability. Currently zoned M1-1, the property is well-suited for a wide range of commercial applications, including retail, office, restaurant, or medical uses. The building includes three garages, adding to its functional appeal. Its prime location near the D train and the shopping and transportation hub of 86th Street and 18th Avenue ensures high visibility and accessibility. The asking price is $2,850,000. This is a rare opportunity to acquire a well-situated, multi-use commercial building in a thriving Brooklyn neighborhood. The property consists of two units, offering flexibility for various business models or potential for expansion. Don't miss this chance to own a piece of Bensonhurst's bustling commercial landscape.

    Property Features for 8234 18Th Ave

    General Information

    Property type
    Restaurants
    Square Feet
    3,466 SF

    Building Details

    Stories
    2
    Units
    2

    HighLights

    • $2,850,000 asking price.
    • 3,466 square foot building on a 2,200 square foot lot.
    • Two‑story building with 11‑15 foot ceilings.
    • Located at 8234 18th Avenue, Brooklyn, NY 11214.
    • M1‑1 zoning allows for various uses including retail, office, restaurant, and medical.
    Property Profile Location Intelligence

    Current Use by Public Records

    Elwiner Self Storage ... Storage Facility Motor World Spa ... Car Wash Hand Car Wash ... Car Wash

    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
    -74.0009213
    Latitude
    40.6088493

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    FAQs

    What type of property is this?
    Restaurant - Prime location, versatile space, high visibility
    Where is this restaurant located?
    The property is located at 8234 18Th Ave Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $2,850,000.
    What are key features of this property?
    This property features: $2,850,000 asking price.; 3,466 square foot building on a 2,200 square foot lot.; Two-story building with 11-15 foot ceilings.
    Request Owner's contact information
    8234 18Th Ave Brooklyn, NY 11214
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    Brooklyn, NY 11214
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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
    8234 18Th Ave Brooklyn, NY 11214
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