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    Wythe Ave Brooklyn, NY 11249

    Sponsored
    For Lease
    $100 SF/Yr

    Prime Williamsburg Nightclub, 10,000 SF

    Lot size:
    10,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 10,000-square-foot special purpose property, zoned M1-2, presents a unique investment opportunity in the vibrant Williamsburg submarket. Currently configured as a nightclub and bar, this single-tenant space boasts impressive features ideal for a variety of entertainment uses. The building offers a substantial 50-foot frontage and soaring 23-foot ceilings, creating a dramatic and spacious atmosphere. With a capacity of 750 people, this venue is perfectly positioned to cater to large crowds. Its strategic location next to the Wythe Hotel and just five blocks from the L train ensures high visibility and convenient access for patrons. The absence of residential neighbors minimizes potential noise complaints, while the possibility of installing venting systems adds to its operational flexibility. A 5 to 10-year lease is available, providing long-term stability for the investor. The property's history as a successful nightclub and bar demonstrates its proven potential for generating significant revenue. The current monthly rent is $83,000. This is a rare chance to acquire a well-established entertainment space in one of Brooklyn's most sought-after neighborhoods. The property's size, location, and existing infrastructure make it an attractive proposition for experienced investors seeking a high-return investment in the thriving Williamsburg nightlife scene.

    Property Features for 0 Wythe Ave

    General Information

    Property type
    Specialty properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    10,000 SF

    Unit(s) available at that property

    Space
    Size
    10,000 SF
    Rate per SF
    $100

    HighLights

    • Special Purpose Property: Nightclub/Restaurant/Bar in Williamsburg.
    • Single‑Tenant Occupancy.
    • 10,000 square feet.
    • $83,000 monthly rent.
    • 50‑foot frontage, 23‑foot ceilings, 750‑person capacity.
    • Located near the Wythe Hotel and five blocks from the L train.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.957458497535
    Latitude
    40.723219531359

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    FAQs

    What type of property is this?
    Specialty property - Prime Williamsburg Nightclub, 10,000 SF
    Where is this specialty property located?
    The property is located at Wythe Ave Brooklyn, NY.
    What is the lease rate?
    The lease rate is $100 SF/Yr.
    What are key features of this property?
    This property features: Special Purpose Property: Nightclub/Restaurant/Bar in Williamsburg.; Single-Tenant Occupancy.; 10,000 square feet.
    Request Owner's contact information
    Wythe Ave Brooklyn, NY 11249
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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
    Wythe Ave Brooklyn, NY 11249
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