496 Clarkson Ave Brooklyn, NY 11203
- Retail properties
- 1,700 SF
Current Use by Public Records
- Ornstein & Ornstein / Attorney
- The Law Offices of Joseph M Lichtenstin / Legal Services / Personal Injury Attorney
- Browns Ville Deli / Deli
- New York Fingerprint Services / Fingerprinting Service
- Bagels Salads UrWay / Fresh Food Market / Hamburger Restaurant
Property Details for 496 Clarkson Ave
- Property size
- 1,700 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This exceptional investment opportunity presents a 1,700 square foot, single-story restaurant located at 496 Clarkson Avenue in the desirable East Flatbush section of Brooklyn, NY, 11203. The property sits on a 1,700 square foot lot and boasts 11-15 foot ceilings. Currently operating as a successful eatery offering salads, bagels, and smoothies, this three-year-old establishment features ample seating and a loyal customer base. The business enjoys a high volume of sales and benefits from a long-term, 12-year lease with favorable rental terms. An added mezzanine level provides valuable prep and office space. The property's prime location is directly across from Kings County Hospital and shares a block with established businesses like Dunkin' and Popeye's, ensuring high foot traffic and visibility. The asking price is $699,000, with a Net Operating Income (NOI) of $275,000, resulting in a 0.39% cap rate. This property is ideal for an owner-operator or a multi-unit operator seeking a profitable addition to their portfolio. The property can be sold individually or as part of a package deal with another property at 1010 Nostrand Avenue.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings (Brooklyn)
- State
- New York
- Longitude
- -73.9429
- Latitude
- 40.6557
