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    2374 Mcdonald Ave Brooklyn, NY 11223

    For Sale
    $150,000

    Profitable Restaurant, 2,000 SF, $150K

    Property size:
    2,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This exceptional restaurant opportunity is located at 2374 McDonald Avenue in Brooklyn, New York, 11223, within Kings County. The property boasts a substantial 2,000 square foot space, currently operating at 100% occupancy. Priced at $150,000, this represents a compelling value of $75 per square foot. The building itself measures 18x45 feet, situated on an 18x80 foot lot. The property is classified as retail, specifically a restaurant, and operates under a Triple Net (NNN) lease. The current lease has expired (0 years remaining), presenting a unique chance for ownership and potential lease renegotiation or immediate occupancy. The previous tenant generated a monthly rent of $3,000, indicating strong potential for continued profitability. The current owner is retiring, creating this immediate opportunity for acquisition. This turnkey restaurant presents a rare chance to establish or expand a successful culinary business in a vibrant Brooklyn neighborhood. The property's size and location make it ideal for a variety of restaurant concepts. Serious inquiries are encouraged.

    Property Features for 2374 Mcdonald Ave

    General Information

    Property type
    Restaurants
    Square Feet
    2,000 SF

    HighLights

    • 18x80 lot, 18x45 building.
    • 0‑year lease, $3,000 monthly rent.
    • Turnkey restaurant opportunity; owner retiring.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    The Village Luncheonette Breakfast Restaurant El Pueblito Mexican ... Restaurant

    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
    State
    New York
    Longitude
    -73.973851
    Latitude
    40.5943731

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    FAQs

    What type of property is this?
    Restaurant - Profitable Restaurant, 2,000 SF, $150K
    Where is this restaurant located?
    The property is located at 2374 Mcdonald Ave Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $150,000.
    What are key features of this property?
    This property features: 18x80 lot, 18x45 building.; 0-year lease, $3,000 monthly rent.; Turnkey restaurant opportunity; owner retiring.
    Request Owner's contact information
    2374 Mcdonald Ave Brooklyn, NY 11223
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    2374 Mcdonald Ave
    Brooklyn, NY 11223
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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
    2374 Mcdonald Ave Brooklyn, NY 11223
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