Corner Restaurant/Bar
For Sale
$1,200,000
9501 Flatlands Avenue, Brooklyn, NY 11236
Commercial, Brooklyn, NY
Property Size2,158 SF
Lot Size0.05 Acres
Price / SF$556.07
Days on Market118
Property Features for 9501 Flatlands Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
R4-1
Parking features
Garage
Basement
Full, Finished
Subdivision
Canarsie
Standard status
Active
Size
2,158 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
16437
Amenities
separate to go/delivery area
full basement with storage and main office
separate staff and patron Bathrooms
built in Garage area
Building Details
Year built
1972
Floors in Building
1
Building materials
Block, Brick, Masonry
Roof type
Flat, Asphalt
Listing Agency:
Century 21 Achievers
Listed By:
Henry Obadiaru
(718) 758-0600
Added: Jun 6
Changed: Sep 12
Last Checked: Oct 1 at 3:06PM
MLS# 502063
Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The offering combines a commercial building and operating restaurant/bar business at 9501 Flatlands Avenue. The 2,158-square-foot property was built in 1972 and features block, brick, and masonry construction beneath a flat asphalt roof. Interior improvements include a dedicated takeout and delivery area, full basement storage with a main office, separate staff and patron restrooms, and a built-in garage. New HVAC units provide heating and air conditioning.
Positioned at the corner of East 95th Street and Flatlands Avenue in Brooklyn's Canarsie area, the property benefits from exposure on two intersecting streets. The L train on Rockaway Boulevard is nearby, with bus service along Flatlands Avenue. The parcel contains 0.0496 acres and carries R4-1 zoning.
Positioned at the corner of East 95th Street and Flatlands Avenue in Brooklyn's Canarsie area, the property benefits from exposure on two intersecting streets. The L train on Rockaway Boulevard is nearby, with bus service along Flatlands Avenue. The parcel contains 0.0496 acres and carries R4-1 zoning.
Key Highlights
- Restaurant/bar business and building offered together
- 2,158‑square‑foot commercial property on a 0.0496‑acre parcel
- Separate takeout and delivery area
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$103,486
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.62%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,069,720
$2.1M
Cap Rate 7%
$1,478,371
$1.5M
Cap Rate 9%
$1,149,844
$1.1M
Market Conditions
NOI Build-Up for 2,158 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$167.8K $77.76/SF
− Vacancy
−$20.0K −$9.25/SF
EGI
$147.8K $68.51/SF
− OpEx
−$44.4K −$20.55/SF
NOI
$103.5K $47.95/SF
Area
Brooklyn, NY
Vacancy
11.90%
Lease Rate
$77.76 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,069,720
Cap Rate 7%
$1,478,371
Cap Rate 9%
$1,149,844
Alternative Uses
Best Use
Specialty Retail
$1.79M
$1.56M – $2.08M
NOI $125,078 @ 7.0% cap · market cap 10.42%
Second Best
Retail
$1.48M
$1.29M – $1.72M
NOI $103,486 @ 7.0% cap · market cap 8.62%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,387
Businesses Nearby
93k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 44%
Dining 34%
Groceries 14%
Electronics 7%
McDonald's
Dining
19,736 visits/mo
0.2 miles
Chase Bank
Shops & Services
15,232 visits/mo
0.5 miles
America's Food Basket
Groceries
13,013 visits/mo
0.3 miles
BP
Shops & Services
9,799 visits/mo
0.4 miles
Burger King
Dining
7,555 visits/mo
0.5 miles
Demographics for 11236, NY
100,687
Population
37,002
Households
2.7
Avg Household Size
40
Median Age
28%
College-Educated
88%
High-School Grad
3.6 sq mi
ZIP Area
27,969
Density / Sq Mi
$82,813
Median Household Income
$50,244
Median Earnings
$1,637
Median Rent
$710,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Fix U Plate — 1412 Rockaway Pkwy, Brooklyn, NY 11236
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Existing food-service layout includes separate takeout space, basement storage, upgraded HVAC, and an integrated garage.
Where is this conventional restaurant located?
The property is located at 9501 Flatlands Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Restaurant/bar business and building offered together; 2,158‑square‑foot commercial property on a 0.0496‑acre parcel; Separate takeout and delivery area
