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    0 Wythe Ave, Brooklyn, NY 11249

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    Property summary
    AI-generated overview

    This exceptional turnkey nightclub, bar, and restaurant opportunity is located in the heart of Williamsburg, Kings County, within the vibrant Brooklyn submarket. Boasting a substantial 15,000 square feet of space, this single-tenant property offers significant potential for immediate revenue generation. The impressive 50-foot frontage ensures high visibility and foot traffic, while the 23-foot ceilings create a spacious and dynamic atmosphere. With a capacity of 750 people, this venue is perfectly suited for large-scale events and gatherings. The strategic location next to the Wythe Hotel and Schimanski further enhances its appeal and accessibility. A significant advantage is the absence of residential neighbors, minimizing potential noise complaints. The property features a fully vented kitchen and a rooftop, adding versatility and amenity value. A 10-year lease provides long-term stability and security for the investor. This is a rare opportunity to acquire a fully operational and highly successful establishment in one of Brooklyn's most sought-after neighborhoods. The current monthly revenue is $131,000.

    Property profile
    Verified
    Property type Specialty properties
    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
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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