Property profile

480 Suffolk Ave Brentwood, NY 11717

OFF-MARKET
Investment properties
Property ID
US63-0121298
1.61 ac lot
Entity Owned 22-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This thriving pool hall and bar in Brentwood, NY, presents a unique investment opportunity. Located on busy Suffolk Avenue, this well-known establishment caters to a large customer base, benefiting from a substantial population exceeding 66,035 (2020 Census). The business boasts a completely renovated interior, featuring high ceilings, marble countertops, and ceramic flooring. Equipped with eight pool tables, a modern updated kitchen (with a new food license), a large 6x6 freezer, stainless steel oven, fryer, and salamander broiler, this venue is ready to expand its offerings. Included in the sale is approximately $250,000 worth of inventory. Ample parking is available for over 70 vehicles. The current owner, a couple, is selling due to time constraints. The property operates under a 5-year lease with taxes, water, and sewer included in the monthly rental payment. This business offers a compelling investment with an approximate cap rate of 24%. The high visibility location and established clientele make this a truly exceptional opportunity for a savvy investor. Don't miss this chance to acquire a profitable and well-regarded business in a densely populated area.

Property profile

Verified
Property type Investment properties
Use group STORE/OFFICE (MIXED USE)
Lot 1.61 ac (70,132 SF)
Zoning code BUS1
APN 0500-136.00-03.00-007.000
UPID US63-0121298

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
  • Arcade & Gaming Center
  • Auto Parts Store
  • Gym & Fitness Center
  • Shopping Center & Mall

Location

480 Suffolk Ave Brentwood, NY 11717-4215
Brentwood metro Census 145604 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$195k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$195k

Owner & transaction history

since 2003
7 recorded transactions
2020
Price N/A
2012
Price N/A
2003
$1.5M
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

BUS1 · Brentwood, NY

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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