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    170 Smith St Brooklyn, NY 11201

    Sponsored
    For Lease
    Contact for pricing

    Established Restaurant, Prime Location, Great Lease

    Lot size:
    2,400 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This turnkey restaurant opportunity is located at 170 Smith Street in the heart of Downtown Brooklyn, New York (zip code 11201). The property boasts a spacious 2,400 square foot ground floor space, complemented by a full basement. Currently operating as a successful Korean Bistro, the space is fully built-out and equipped for immediate operation. Key features include a 20-foot hood system, a substantial seating area showcasing rustic reclaimed wood, and a well-appointed bar with a full liquor license. The basement offers ample prep space and two walk-in refrigerators. The lease has eight years remaining, offering significant operational stability at a below-market monthly rent of $10,700. This presents a rare chance to acquire a thriving business in a prime location with a favorable lease term. Serious inquiries are encouraged to discuss the key money involved in the transfer of this established restaurant. The property is situated in Kings County, New York, and offers a unique blend of established success and future potential. This is a single-tenant property, ideal for an experienced restaurateur looking to expand or acquire an existing operation. The property's location in the vibrant Downtown Brooklyn area ensures high foot traffic and visibility.

    Property Features for 170 Smith St

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    2,400 SF

    Unit(s) available at that property

    Space
    Size
    2,400 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Ssam Korean Bistro Korean Restaurant

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.9913043
    Latitude
    40.6859614

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    FAQs

    What type of property is this?
    Restaurant - Established Restaurant, Prime Location, Great Lease
    Where is this restaurant located?
    The property is located at 170 Smith St Brooklyn, NY.
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    Brooklyn, NY 11201
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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
    170 Smith St Brooklyn, NY 11201
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