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    OFF-MARKET
    Warehouses

    1824 Kings Hwy, Brooklyn, NY 11229

    10,000 SF
    Property ID
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Domino Supermarket Specialty Food Shop Supermarket
    Value estimations
    Realmo proprietary · 4 methods
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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