Financial
Distress signals
Property profile

1001 Surf Ave 1011 Brooklyn, NY 11224

OFF-MARKET
Retail space
Property ID
US63-0211841
5,450 SF 0.13 ac lot Built 1931
Last sale Aug 2005 · $1,425,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 21-yr Hold Held for 21 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This exceptional turnkey restaurant located at 1001 Surf Ave, Brooklyn, NY 11224, is offered at $350,000. Situated in the heart of a vibrant entertainment district, this property boasts a prime location with high foot and car traffic, ensuring significant exposure and potential for substantial revenue. The restaurant is fully completed and ready for immediate operation, eliminating the need for extensive renovations or build-out. It features a spacious interior with a capacity for 90 diners,

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$39k
Tax billed · 2024
Assessed value$437k
Assessed land$123k
Assessed improvement$314k
Effective rate9.03%

Value estimate

· Sep 2026
$575k
$518k – $633k

Realmo valuation models over county records and 7 qualifying comparable sales.

Recently sold

What actually traded nearby?
$770/SF
Submarket average, outlier-cleaned · 291 recorded sales of this use type
Observed band · Q1–Q3$457 – $1,224
Qualifying comparables7

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
C7
This district is designed to provide for a wide range of retail, service, office, open and enclosed amusement and recreation, production ...
General categoryCOMMERCIAL
JurisdictionKINGS(BROOKLYN)

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency177.6
Building Supply122.8
Law Firm94.6

Location

1001 Surf Ave, Unit 1011 Brooklyn, NY 11224-2810
County assessor Recorded deeds · 3 transfers 7 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1509 Hart, Brooklyn, NY 11224 $18,294,750 May 2025 39,350 SF
1509 Mermaid, Brooklyn, NY 11224-2617 $1,750,000 Dec 2024 2,400 SF
1521 Mermaid, Brooklyn, NY 11224-2617 $3,000,000 Jun 2023 2,029 SF
1019 Surf, Brooklyn, NY 11224-2810 $5,500,000 Sep 2021 9,860 SF
1505 Hart, Brooklyn, NY 11224 $2,032,750 Jun 2020 650 SF
2705 Mermaid, Brooklyn, NY 11224-2005 $3,100,000 Jul 2019 13,940 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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