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Property profile

1824 Kings Hwy Brooklyn, NY 11229

OFF-MARKET
Warehouses
View Sample
10,000 SF

Property summary

AI-generated overview

Exceptional investment opportunity: a thriving, established supermarket in Brooklyn's Midwood neighborhood, located on Kings Highway. This 10,000 square foot, three-story building sits on a 10,000 square foot lot and boasts 11-15 foot ceilings. The property features a captivating storefront with inviting glass windows, showcasing a diverse inventory. The interior includes modern amenities such as freezers, display fridges, and custom shelving. The business generates an impressive $10 million in annual revenue, supported by a loyal customer base and 70 employees. Currently operating under a lease with a monthly rent of $65,000, expiring in 2030 with an option to extend. The expansive back kitchens facilitate the preparation of freshly cooked food, a key component of the store's success. This turnkey operation offers a seamless transition for a new owner, capitalizing on a prime location in a high-traffic area surrounded by other businesses. The property's diverse product offerings, including international foods, contribute to its strong financial performance and established reputation within the community. The asking price for this exceptional commercial property is $3,000,000.

Property profile

Verified
Property type Warehouses
Total area 10,000 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
  • Specialty Food Shop Supermarket

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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