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    OFF-MARKET
    Retail properties & Spaces

    66 Grand St, Brooklyn, NY 11249

    23,528 SF Built 2017
    Property ID
    Property summary
    AI-generated overview

    This exceptional turnkey restaurant opportunity in the vibrant Williamsburg, Brooklyn neighborhood presents a rare chance to acquire an established and successful business. Located at 66 Grand St, this 23,528 square foot space boasts a prime location within a high-traffic area, ensuring a steady stream of customers. Built in 2017, the property sits on a 10,400 square foot lot and offers a fully equipped commercial kitchen, ready for immediate operation. The asking price is $299,000, translating to a price per square foot of $12.71. The restaurant's existing reputation for authentic Chinese cuisine and welcoming atmosphere provides a strong foundation for continued success. This is an ideal investment for experienced restaurateurs looking to expand their portfolio or aspiring entrepreneurs seeking a proven business model in a thriving community. The property's size and location offer significant potential for growth and expansion, making it a truly compelling investment opportunity in one of Brooklyn's most dynamic neighborhoods. The property is zoned for commercial use and is ready for immediate occupancy. This is a unique chance to own a well-established business in a high-demand area.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Year built 2017
    Total area 23,528 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
    • Mama Lee- Williamsburg Restaurant
    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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