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    OFF-MARKET
    Retail properties & Spaces

    433 7Th Ave, Brooklyn, NY 11215

    500 SF Built 1931
    Property ID
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Year built 1931
    Total area 500 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
    • ThirdEye Yoga Gym & Fitness Center
    • Henry's Restaurant
    • Meshimar Discount Store (Bike/Boat/Book/etc) Store
    • HOFFMAN BRANDT PROJECTS LLC Photography Service (Bike/Boat/Book/etc) Store
    Value estimations
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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