Property profile

275 Van Brunt St Brooklyn, NY 11231

OFF-MARKET
Restaurants
1,785 SF
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Property summary

AI-generated overview

This exceptional 1,785 square foot restaurant located at 275 Van Brunt Street in Brooklyn, NY (zip code 11231) presents a unique opportunity for restaurateurs. The property boasts a single tenancy and is zoned R5, C1-3. The space includes a fully built-out, 675 square foot main area featuring a fully equipped electric kitchen and bar, comfortable booth seating, and excellent street visibility. A significant advantage is the inclusion of a still-open Beer, Wine, and Sake license. Further enhancing the property's appeal is a 553 square foot covered backyard dining area, perfect for year-round operation, and a spacious 650 square foot basement providing ample storage. The 1,225 square foot lot is situated on Red Hook's vibrant Van Brunt Street, benefiting from the area's ongoing revitalization and growth. This includes significant investments in waterfront property, new housing, retail spaces, and green zones, as well as modernization of shipping terminals and the creation of eco-friendly logistics hubs. The property's proximity to numerous acclaimed restaurants and businesses, such as Pioneer Works, Red Hook Winery, and IKEA, further underscores its prime location and potential for success. A portion of the building is currently vacant (1,325 sq ft). Key money is required

Property profile

Verified
Property type Restaurants
Total area 1,785 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
  • Restaurant

Location

275 Van Brunt St Brooklyn, NY 11231
Brooklyn metro
Google Maps

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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