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Property profile

0 20Th Ave Brooklyn, NY 11204

OFF-MARKET
Retail properties & Spaces
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Property summary

AI-generated overview

This exceptional Brooklyn commercial property, located at 20th Ave in the 11204 zip code, offers a unique investment opportunity. The building, completely gut-renovated in 2000, boasts approximately 4,000 to 5,000 square feet of space on the main level, plus an additional 4,000 to 5,000 square feet of finished basement space. Features include a high-end Italian restaurant setup (established in 2001), a valid liquor license, all fixtures and equipment (freezer, gas line, vent hood, grease trap, brick oven, gas oven, commercial grill), and a walk-in freezer. The property also includes a corner outdoor space and a loading area in the rear with one parking space. The building is zoned R5 C1-2, is ADA ready, and benefits from a prime corner location with high visibility and signage opportunities. Its proximity to a train station further enhances its appeal. The substantial building offers versatile options, including conversion to a supermarket, bar, KTV, retail space, 24-hour fruit market, medical office, or multiple storefronts. The seller is highly motivated. Showings are by appointment only.

Property profile

Verified
Property type Retail properties & Spaces

Cap rate & NOI

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

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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