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    811 Kings Hwy Brooklyn, NY 11223

    For Sale
    $200,000

    Turnkey Restaurant, High Traffic Area

    Property size:
    2,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional opportunity presents a newly renovated 2,000 square foot restaurant and lounge located at 811 Kings Highway in the vibrant Midwood neighborhood of Brooklyn, New York. Priced at $200,000, this turnkey operation is situated on a 1,327 square foot lot and features an inviting atmosphere perfect for events and gatherings. The space boasts an 8-10 foot ceiling height and includes all modern furniture, top-of-the-line appliances, a walk-in refrigerator, and dishware, ensuring a smooth transition for the new owner. A new speaker system, projector, and custom lighting enhance the ambiance. The property benefits from excellent, transferable lease terms, guaranteeing steady foot traffic and a loyal clientele in this high-traffic area. This single-unit retail space represents a rare chance to acquire an established, income-producing business in a bustling Brooklyn community. The property is located in Kings County (Brooklyn), NY, 11223. This is a truly remarkable opportunity for an immediate return on investment. Don't miss out on this chance to own a thriving business in a prime location.

    Property Features for 811 Kings Hwy

    General Information

    Property type
    Restaurants
    Square Feet
    2,000 SF

    Building Details

    Units
    1

    HighLights

    • $200,000 asking price for a 2,000 sq ft retail restaurant.
    • Located at 811 Kings Highway, Brooklyn, NY 11223 on a 1,327 sq ft lot.
    • Newly renovated space with 8‑10 foot ceilings, including furniture, appliances, and equipment.
    • Turnkey operation with transferable lease in a high‑traffic area.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Royal Palace Tbilisi Restaurant Eden Restaurant Dream Direct LLC Internet Service Provider

    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
    -73.9642481
    Latitude
    40.6068334

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    FAQs

    What type of property is this?
    Restaurant - Turnkey Restaurant, High Traffic Area
    Where is this restaurant located?
    The property is located at 811 Kings Hwy Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $200,000.
    What are key features of this property?
    This property features: $200,000 asking price for a 2,000 sq ft retail restaurant.; Located at 811 Kings Highway, Brooklyn, NY 11223 on a 1,327 sq ft lot.; Newly renovated space with 8-10 foot ceilings, including furniture, appliances, and equipment.
    Request Owner's contact information
    811 Kings Hwy Brooklyn, NY 11223
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    Brooklyn, NY 11223
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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
    811 Kings Hwy Brooklyn, NY 11223
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