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Property profile

21 Flatbush Ave Brooklyn, NY 11217

OFF-MARKET
Restaurants
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Property summary

AI-generated overview

This exceptional 1,200 square foot restaurant space is ideally situated on Flatbush Avenue in the vibrant Downtown Brooklyn neighborhood. The property boasts a single-tenant occupancy, offering a turnkey opportunity for a restaurateur seeking a well-established location. Its prime position between Fulton Street and Lafayette Avenue ensures high foot traffic and excellent visibility. The property's convenient location offers unparalleled access to public transportation, with the 2, 3, 4, and 5 subway lines at Nevins Street station just steps away. Additional transit options include the N, Q, R, B, and D trains at Atlantic Avenue, and several bus lines (B67, B45, B41, and B26) providing easy commutes for both staff and customers. The area is densely populated with a diverse range of businesses and residents, creating a strong customer base. Nearby establishments include major retailers such as Crunch Fitness, Apple, Trader Joe's, Whole Foods Market, Starbucks, TD Bank, McDonald's, CVS, Dunkin', Planet Fitness, Primark, Target, and Tacombi, ensuring a bustling and thriving commercial environment. This fully built-out restaurant space presents a rare opportunity to establish or expand a successful culinary venture in one of Brooklyn's most sought-after locations. The property is located in Kings County, New York, with a zip code of 11217.

Property profile

Verified
Property type Restaurants

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Grocery & Convenience Store Food Market

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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