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    760 Dean St Brooklyn, NY 11238

    For Sale
    $4,250,000

    Fully renovated 3-family & restaurant. High occupancy.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional mixed-use property in the vibrant Prospect Heights neighborhood of Brooklyn, NY, presents a lucrative investment opportunity. Located at 760 Dean Street, this fully renovated building boasts a fully equipped restaurant and three apartments, each currently generating $2,500 per month in rental income, resulting in 100% occupancy. The building features four separate heating systems, with tenants responsible for their own heating costs. The asking price for this turnkey operation is $4,250,000. The property's address is 760 Dean Street, Brooklyn, NY 11238, situated in Kings County. While the exact square footage is not specified, the building's combination of commercial and residential space offers significant potential for both immediate income and future appreciation. The current rental income stream provides a stable foundation for investors seeking a strong return on investment in a desirable Brooklyn location. This is a rare opportunity to acquire a fully operational and high-performing mixed-use property in a thriving neighborhood. The property's excellent condition and strong tenant occupancy make it an attractive investment for both seasoned and new investors. The building's location in Prospect Heights offers easy access to public transportation, local amenities, and the vibrant cultural scene of Brooklyn.

    Property Features for 760 Dean St

    General Information

    Property type
    Mixed-use properties

    HighLights

    • $4,250,000 asking price.
    • Mixed‑use property: three‑family dwelling with a ground‑floor store.
    • Multi‑tenant occupancy, currently 100% occupied.
    • Fully renovated building with a fully equipped restaurant.
    • Three apartments, each generating $2,500/month in rental income (no leases specified).
    • Four separate heating systems; tenants pay their own heat.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Underhill Cafe Brooklyn Greek Restaurant

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon 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
    -73.9649596
    Latitude
    40.6794299

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    FAQs

    What type of property is this?
    Mixed-use property - Fully renovated 3-family & restaurant. High occupancy.
    Where is this mixed-use property located?
    The property is located at 760 Dean St Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $4,250,000.
    What are key features of this property?
    This property features: $4,250,000 asking price.; Mixed-use property: three-family dwelling with a ground-floor store.; Multi-tenant occupancy, currently 100% occupied.
    (347) 623-0716
    Request Owner's contact information
    760 Dean St Brooklyn, NY 11238
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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
    760 Dean St Brooklyn, NY 11238
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