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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

192 Kings Hwy Brooklyn, NY 11223

Property ID
Property summary
AI-generated overview

192 Kings Highway presents a remarkable owner-user investment opportunity in Gravesend, Brooklyn. This high-traffic location boasts exceptional visibility, with 360 feet of total frontage and 165 feet directly on Kings Highway, offering unparalleled exposure visible up to eight blocks away. The property encompasses a substantial 28,800 square feet of additional residential floor area ratio (FAR), allowing for a total potential gross square footage of approximately 40,000. This presents incredible flexibility for development and expansion. Currently configured as a pharmacy/drug store and restaurant, the property's versatility allows for a wide range of uses. The asking price is $7,995,000. This unique property in Kings County, New York (zip code 11223), offers a rare chance to acquire a significant retail presence in a thriving Brooklyn neighborhood. Architectural consultation is recommended to fully realize the development potential of this expansive site. The property's location at 40.6055144 latitude and -73.9843243 longitude ensures easy access and high foot traffic. This is an exceptional opportunity for an investor seeking a substantial and highly visible retail property with significant upside potential.

Property profile
Verified
Property type Retail properties & Spaces
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
  • Remy's Treasure Island Market Specialty Food Shop Supermarket
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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