Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    101 Smith St Brooklyn, NY 11201

    • Retail properties
    • 1,000 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Zerda / Caterer / Middle Eastern Restaurant

    Property Details for 101 Smith St

    Year built
    1950
    Property size
    1,000 SF
    Property type
    Retail properties
    Property subtype
    Restaurants

    Description

    This turnkey restaurant, located at 101 Smith St in the heart of Downtown Brooklyn (zip code 11201), presents a unique investment opportunity. The 1,000-square-foot space, situated in a single-story, 1950-built building completely renovated in 2020, boasts a modern, open layout seamlessly integrating the kitchen and dining area. High ceilings add to the spacious feel. Climate control is handled by efficient wall-mounted split units for both heating and air conditioning. The fully equipped kitchen includes a commercial exhaust system, ensuring efficient and compliant operation. A full basement provides ample space for food preparation, enhanced by a new walk-in refrigerator. The property operates under a modified lease with a remaining term of five years, offering a strong foundation for immediate revenue generation. The lease includes the option to renew for an additional five years. All utilities are metered separately, providing clear cost control. This 100% occupied property offers a compelling combination of prime location, modern amenities, and a strong lease, making it an ideal acquisition for a savvy investor seeking immediate returns. The asking price is $139,000, translating to $139 per square foot.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.9892
    Latitude
    40.6883

    Comparable in this City

    • Value Estimation by Request
      4,800 SF

      21 Warren St

      Individual retail properties • 4,800 SF
      21 Warren St, Brooklyn, NY 11201
      View Details
    • Value Estimation by Request
      750 SF

      192 Amity St

      Individual retail properties • 750 SF
      192 Amity St, Brooklyn, NY 11201
      View Details
    • Value Estimation by Request
      3,000 SF

      38 Washington St

      Individual retail properties • 3,000 SF
      38 Washington St, Brooklyn, NY 11201
      View Details
    • Value Estimation by Request
      6,000,000 SF

      Brooklyn Ny

      Neighborhood centers • 6,000,000 SF
      0 Brooklyn Ny, Brooklyn, NY 11201
      View Details
    • Value Estimation by Request
      10,386 SF

      50 Old Fulton St

      Restaurants • 10,386 SF
      50 Old Fulton St, Brooklyn, NY 11201
      View Details
    • Value Estimation by Request
      1,850 SF

      22 Old Fulton St

      Restaurants • 1,850 SF
      22 Old Fulton St, Brooklyn, NY 11201
      View Details

    Similar Nearby for Sale

    • $7,500,000
      Pending

      Landmark Brooklyn Heights Mixed-Use Building

      Iconic mixed-use building with residential units and commercial storefronts.
      138 Montague St, Brooklyn, NY 11201
      View Details
    • $4,500,000
      3,802 SF

      Brooklyn Mixed-Use Investment Opportunity

      Fully occupied Brooklyn property with residential and commercial units.
      145 Atlantic Ave, Brooklyn, NY 11201
      View Details
    • $3,600,000

      Downtown Brooklyn Mixed-Use Property

      Mixed-use property in Downtown Brooklyn near transit and amenities.
      145 Smith St, Brooklyn, NY 11201
      View Details
    • $4,150,000
      11,162 SF

      Smith Street Development Opportunity

      Approved plans for a 5-story, 7-unit elevator building.
      157 Smith St, Brooklyn, NY 11201
      View Details
    • $168,000

      Renovated Thai Restaurant in Brooklyn

      Turn-key Thai restaurant for sale in Brooklyn, NY.
      204 Smith St, Brooklyn, NY 11201
      View Details
    • $525,000

      Brooklyn Apartment for Sale

      Apartment in Brooklyn available for purchase.
      55 Pineapple St, Brooklyn, NY 11201
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,100 SF

      Prime Brooklyn Executive Office Space

      2,100 SF, Ground Floor Retail/Office
      142 Montague St, Brooklyn, NY 11201
      View Details
    • Contact for pricing
      2,500 SF

      Bed-Stuy Retail Space Available

      2400 SF retail space in the heart of Bed-Stuy.
      759 Dekalb Ave, Brooklyn, NY 11201
      View Details
    • Contact for pricing
      270 SF

      Dumbo Retail/Restaurant Opportunity

      Retail or restaurant space in Dumbo, near transportation.
      50 Old Fulton St, Brooklyn, NY 11201
      View Details
    • Contact for pricing
      2,354 SF

      Brooklyn Retail Space for Lease

      Prime retail space in vibrant Brooklyn neighborhood, 2354 square feet.
      318 Warren St, Brooklyn, NY 11201
      View Details
    • Contact for pricing
      3,900 SF

      Newly Renovated Retail Space

      Renovated retail space available for rent in Brooklyn.
      453 Fulton St, Brooklyn, NY 11201
      View Details
    • Contact for pricing
      1,500 SF

      Brooklyn Heights Retail Space Available

      1,500 SF retail space with basement near subway.
      52 Court St, Brooklyn, NY 11201
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    101 Smith St
    Brooklyn, NY 11201
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.