433 7Th Ave, Brooklyn, NY 11215
This exceptional 500-square-foot restaurant space, located at 433 Seventh Avenue in the heart of Brooklyn's vibrant Park Slope neighborhood, presents a unique investment opportunity. Situated on the ground floor of a charming 7-unit pre-war building constructed in 1931, this property boasts a strong net operating income (NOI) of $36,400. The R6A zoning permits restaurant use. Its convenient location offers easy subway access and is only a 30-minute commute to Manhattan. Park Slope is renowned for its family-friendly atmosphere, attracting young professionals and artists, and is home to a diverse population. The area is rich in amenities, including Prospect Park, numerous shops, restaurants, cafes, boutiques, excellent schools, playgrounds, and farmers' markets. A thriving arts scene, with galleries, theaters, and music venues, further enhances the neighborhood's appeal. This property offers a blend of urban convenience and neighborhood charm, making it an ideal location for a thriving restaurant business. The asking price is $625,000.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.