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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

496 Clarkson Ave Brooklyn, NY 11203

1,700 SF
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail properties & Spaces
Total area 1,700 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Ornstein & Ornstein Law Firm
  • The Law Offices of Joseph M Lichtenstin Law Firm
  • Browns Ville Deli Food Market Restaurant
  • New York Fingerprint Services Fingerprinting Service
  • Bagels Salads UrWay Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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