Property profile

217 Neptune Ave Brooklyn, NY 11235

OFF-MARKET
Retail properties & Spaces
1,100 SF
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Property summary

AI-generated overview

This thriving 1,100 square foot convenience store, located at 217 Neptune Avenue in Brooklyn, NY (zip code 11235), presents a fantastic investment opportunity. Currently operating as a Halal meat and grocery store, the property boasts a strong 7-year remaining lease. The store features two open refrigerators, a private bathroom, and a comprehensive CCTV camera system. An impressive $80,000 worth of inventory is included in the sale. The property enjoys excellent street visibility with a 4' x 30' storefront (permit in place). The asking price is $300,000, translating to $272.73 per square foot. This single-tenancy retail space is situated in Kings County and offers a rare chance to acquire a well-established business with significant growth potential. The property's prime location and existing infrastructure make it an ideal investment for both seasoned entrepreneurs and newcomers to the commercial real estate market. Don't miss this opportunity to own a piece of Brooklyn's vibrant retail landscape.

Property profile

Verified
Property type Retail properties & Spaces
Total area 1,100 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Take-out & Catering Butcher

Location

217 Neptune Ave Brooklyn, NY 11235
Brooklyn metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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