433 7Th Ave Brooklyn, NY 11215
- Retail properties
- 500 SF
Current Use by Public Records
- ThirdEye Yoga / Yoga Studio
- Henry's / Vietnamese Restaurant
- Meshimar / Second Hand Store
- HOFFMAN BRANDT PROJECTS LLC / Photographer
Property Details for 433 7Th Ave
- Year built
- 1931
- Property size
- 500 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.9842
- Latitude
- 40.6634
