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    433 7Th Ave Brooklyn, NY 11215

    Sponsored
    For Sale
    $625,000

    500 SF Restaurant, $625K, High NOI

    Property size:
    500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 500-square-foot restaurant space, located at 433 Seventh Avenue in the heart of Brooklyn's vibrant Park Slope neighborhood, presents a unique investment opportunity. Situated on the ground floor of a charming 7-unit pre-war building constructed in 1931, this property boasts a strong net operating income (NOI) of $36,400. The R6A zoning permits restaurant use. Its convenient location offers easy subway access and is only a 30-minute commute to Manhattan. Park Slope is renowned for its family-friendly atmosphere, attracting young professionals and artists, and is home to a diverse population. The area is rich in amenities, including Prospect Park, numerous shops, restaurants, cafes, boutiques, excellent schools, playgrounds, and farmers' markets. A thriving arts scene, with galleries, theaters, and music venues, further enhances the neighborhood's appeal. This property offers a blend of urban convenience and neighborhood charm, making it an ideal location for a thriving restaurant business. The asking price is $625,000.

    Property Features for 433 7Th Ave

    General Information

    Property type
    Restaurants
    Square Feet
    500 SF

    Building Details

    Year Built
    1931
    Units
    1

    HighLights

    • 500‑square‑foot restaurant space in Park Slope, Brooklyn.
    • Located at 433 Seventh Avenue, ground floor of a 7‑unit pre‑war building (1931).
    • Strong NOI of $36,400.
    • R6A zoning allows restaurant use.
    • Asking price: $625,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    ThirdEye Yoga Yoga Studio Henry's Vietnamese Restaurant Meshimar Second Hand Store HOFFMAN BRANDT PROJECTS ... Photographer

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Clothing Store Nail Salon 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
    -73.9842348
    Latitude
    40.6634195

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    FAQs

    What type of property is this?
    Restaurant - 500 SF Restaurant, $625K, High NOI
    Where is this restaurant located?
    The property is located at 433 7Th Ave Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $625,000.
    What are key features of this property?
    This property features: 500-square-foot restaurant space in Park Slope, Brooklyn.; Located at 433 Seventh Avenue, ground floor of a 7-unit pre-war building (1931).; Strong NOI of $36,400.
    Request Owner's contact information
    433 7Th Ave Brooklyn, NY 11215
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    Brooklyn, NY 11215
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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
    433 7Th Ave Brooklyn, NY 11215
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