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    Property profile & analytics
    OFF-MARKET
    Land

    407 7Th Ave, Brooklyn, NY 11215

    600 SF
    Property ID
    Property summary
    AI-generated overview

    This exceptional 2,446 square foot commercial lot in Park Slope, Brooklyn, is offered at $99,000. Located on a high-traffic 7th Avenue thoroughfare, this property presents a unique investment opportunity. Currently housing a thriving, established beauty salon with a 4.9-star Google rating and a substantial client base of 2,500, the 600 square foot building includes four hair stations, manicure/pedicure stations, a wash station, a private room, and a restroom. All equipment, furniture, and products are included in the sale price. The salon boasts a strong positive cash flow and operates under a two-year lease with a renewal option. The property's prime location offers easy access to public transportation, ensuring continued high visibility and accessibility. This is an ideal opportunity for an investor seeking a turnkey business or a developer looking to capitalize on a desirable Park Slope location. The lot size is 2,446 square feet. The building's ceiling height is not specified.

    Property profile
    Verified
    Property type Land
    Total area 600 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
    • Beauty House on 7th Hair Salon Nail Salon
    • Move Better - Feel Better: Igor Shteynberg's Feldenkrais Practice Brooklyn Physician Alternative Medicine Practice
    • Kids Haircuts by Lana Hair Salon
    • League Inf Security Service
    • King's Store Home Decor Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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