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    1824 Kings Hwy Brooklyn, NY 11229

    For Sale
    $3,000,000

    High-Grossing Supermarket, Kings Hwy

    Property size:
    10,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    Exceptional investment opportunity: a thriving, established supermarket in Brooklyn's Midwood neighborhood, located on Kings Highway. This 10,000 square foot, three-story building sits on a 10,000 square foot lot and boasts 11-15 foot ceilings. The property features a captivating storefront with inviting glass windows, showcasing a diverse inventory. The interior includes modern amenities such as freezers, display fridges, and custom shelving. The business generates an impressive $10 million in annual revenue, supported by a loyal customer base and 70 employees. Currently operating under a lease with a monthly rent of $65,000, expiring in 2030 with an option to extend. The expansive back kitchens facilitate the preparation of freshly cooked food, a key component of the store's success. This turnkey operation offers a seamless transition for a new owner, capitalizing on a prime location in a high-traffic area surrounded by other businesses. The property's diverse product offerings, including international foods, contribute to its strong financial performance and established reputation within the community. The asking price for this exceptional commercial property is $3,000,000.

    Property Features for 1824 Kings Hwy

    General Information

    Property type
    Restaurants
    Square Feet
    10,000 SF

    Building Details

    Stories
    3

    HighLights

    • $3,000,000 asking price.
    • 10,000 square foot industrial/retail building on a 10,000 square foot lot in Brooklyn, NY.
    • Three‑story building with 11‑15 foot ceilings.
    • Established supermarket with $10M annual revenue, currently operating under a lease expiring in 2030 with an extension option.
    Property Profile Location Intelligence

    Current Use by Public Records

    Domino Supermarket Supermarket

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office 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
    -73.9548806
    Latitude
    40.6100818

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    FAQs

    What type of property is this?
    Restaurant - High-Grossing Supermarket, Kings Hwy
    Where is this restaurant located?
    The property is located at 1824 Kings Hwy Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $3,000,000.
    What are key features of this property?
    This property features: $3,000,000 asking price.; 10,000 square foot industrial/retail building on a 10,000 square foot lot in Brooklyn, NY.; Three-story building with 11-15 foot ceilings.
    Request Owner's contact information
    1824 Kings Hwy Brooklyn, NY 11229
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    Brooklyn, NY 11229
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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
    1824 Kings Hwy Brooklyn, NY 11229
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