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    192 Kings Hwy Brooklyn, NY 11223

    Sponsored
    For Sale
    $7,995,000

    Prime Brooklyn Retail, High Visibility

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    192 Kings Highway presents a remarkable owner-user investment opportunity in Gravesend, Brooklyn. This high-traffic location boasts exceptional visibility, with 360 feet of total frontage and 165 feet directly on Kings Highway, offering unparalleled exposure visible up to eight blocks away. The property encompasses a substantial 28,800 square feet of additional residential floor area ratio (FAR), allowing for a total potential gross square footage of approximately 40,000. This presents incredible flexibility for development and expansion. Currently configured as a pharmacy/drug store and restaurant, the property's versatility allows for a wide range of uses. The asking price is $7,995,000. This unique property in Kings County, New York (zip code 11223), offers a rare chance to acquire a significant retail presence in a thriving Brooklyn neighborhood. Architectural consultation is recommended to fully realize the development potential of this expansive site. The property's location at 40.6055144 latitude and -73.9843243 longitude ensures easy access and high foot traffic. This is an exceptional opportunity for an investor seeking a substantial and highly visible retail property with significant upside potential.

    Property Features for 192 Kings Hwy

    General Information

    Property type
    Restaurants

    HighLights

    • $7,995,000 asking price.
    • Owner‑user retail investment opportunity.
    • Located at 192 Kings Highway, Brooklyn, NY 11223.
    • High‑traffic location with 360 feet of total frontage and 165 feet of Kings Highway frontage.
    • Approximately 28,800 square feet of additional residential FAR, offering potential for up to 40,000 gross square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Remy's Treasure Island ... Supermarket

    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
    -73.9843243
    Latitude
    40.6055144

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    FAQs

    What type of property is this?
    Restaurant - Prime Brooklyn Retail, High Visibility
    Where is this restaurant located?
    The property is located at 192 Kings Hwy Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $7,995,000.
    What are key features of this property?
    This property features: $7,995,000 asking price.; Owner-user retail investment opportunity.; Located at 192 Kings Highway, Brooklyn, NY 11223.
    Request Owner's contact information
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    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
    192 Kings Hwy Brooklyn, NY 11223
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