1276 Fulton St Brooklyn, NY 11216-5855
- Investment properties
- 5,530 SF
- 0.06 lot acres
Current Use by Public Records
- LibertyX Bitcoin ATM / Atm
- Gyro Express / Gyro Restaurant / Doner Kebab Restaurant
- Tea Spot / Coffee Shop / Bubble Tea Store
- Dr. Faisal Z. Mirza, DDS / Dentist
- Supreme Pizza NY / Pizza Restaurant
Property Details for 1276 Fulton St
- Year built
- 1931
- Lot size
- 0.06 lot acres
- Property size
- 5,530 SF
- Zone code
- C45D
- Property type
- Investment properties
- Property subtype
- Retail residential properties
- APN
- 01860-0053
- APU
- 18600053
Description
This exceptional turnkey restaurant opportunity is located at 1276 Fulton Street in the vibrant Brooklyn neighborhood of New York, NY, zip code 11216. The space boasts a total of 1,500 square feet, strategically divided between a 750-square-foot ground floor and a 750-square-foot lower level. The ground floor is fully vented and ready for immediate operation. The lower level provides ample space for food preparation, storage, and refrigeration, featuring walk-in box refrigeration units. The property benefits from a recent, high-quality build-out, ensuring modern and efficient operations. The building itself is a two-story structure with a total of 5,530 square feet, situated on a 2,765-square-foot lot. The property is zoned C4-5D, allowing for a variety of commercial uses. This corner location in Kings County offers excellent visibility and accessibility for customers. The space is currently vacant and ready for immediate occupancy. This is a rare opportunity to acquire a fully equipped and ready-to-operate restaurant in a prime Brooklyn location. The property's modern build-out and convenient layout make it an ideal choice for experienced restaurateurs seeking a seamless transition into a thriving business.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $420,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $500,000
- 6.5%
- $470,000
- 7%
- $550,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $530,000
- Geo Method
- $500,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $425,000
- Retail
- $475,000
- Mixed-Use
- $440,000
- Hospitality
- $550,000
- Educational
- $515,000
- Residential Income
- $465,000
- Energy
- $490,000
- Income-Based Land
- $490,000
- Food Service
- $500,000
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.9497
- Latitude
- 40.6802
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
