OFF-MARKET
Retail space
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Entity Owned Property summary
AI-generated overview
This thriving restaurant, located at 56 N 9th Street in the heart of Williamsburg, Kings County, presents a unique investment opportunity. The 1,200 square foot space boasts a prime location, just steps from the waterfront and East River Park, ensuring high visibility and foot traffic. The restaurant, operating successfully since 2021, has cultivated a strong reputation within the community, evidenced by its impressive 4.6-star Yelp rating and 4.8-star Seamless rating. Financial performance is robust, with gross income reaching $249,000 from January to July 2024. The sale includes a valuable Marana Italian Brick Pizza oven, estimated at $50,000, and a full liquor license, significantly enhancing profitability. The property is offered as a single-tenant operation with a lease containing 7 years remaining, including an option to renew at fair market value. A detailed equipment list is available upon request. This turnkey operation offers immediate income generation and significant growth potential in a highly desirable neighborhood. Contact us for key money details and to schedule a viewing.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2017
Total area
26,718 SF
Lot
0.39 ac (17,000 SF)
Zoning code
M12R6A
APN
02309-1202
UPID
US63-4811958
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
-
Recording Studio
-
Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$11.88M
Owner & transaction history
since 2025
3 recorded transactions
Zoning & alternative use
M12R6A · Brooklyn, NY
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Sensitivity value band
Source audit · 10 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$11.88M
Value range
$10.69M – $13.07M
±10% around blend
Estimated value / SF
$445 / SF
Confidence
Property data
88
Market benchmarks
67
Comparable evidence
60
$10.69M
blend $11.88M
$13.07M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
26,718 SF
Lot area
0.39 ac
Year built
2017
Stories
5
APN
02309-1202
Assessed value
$3,369,398
Annual tax
$323,894
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Too few qualifying comparables for a sales-approach estimation.
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$11.88M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 291 sales
$770
-42%
County 291 sales
$770
-42%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $445/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$3.37M
Move the market yield to see immediate price impact.
Value / SF
$126
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$212k
$4.25M
$3.03M
$2.36M
$236k
$4.72M
$3.37M
$2.62M
$259k
$5.19M
$3.71M
$2.88M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$323,894
Tax year 2024
Assessed value
$3,369,398
Assessed 2024
Previous assessed
$3,308,198
+1.8% YoY
Effective rate
9.61%
On assessed value
Assessed land
$430,448
Assessed improvement
$2,938,950
Land market value
$956,550
Improvement market value
$6,531,000
Total market value
$7,487,550
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2017
Buildings
1
Stories
5
Units
1
Total area
26,718 SF
Lot
0.39 ac (17,000 SF)
Zoning code
M12R6A
APN
02309-1202
UPID
US63-4811958
Jurisdiction
KINGS(BROOKLYN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
M12R6A · Brooklyn, NYZoning M12R6A · permitted uses
M12R6A · Brooklyn, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
2017
Stories
5
Buildings
1
Units
1
Lot
0.39 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
M12R6A
Jurisdiction
Brooklyn, NY
Recorded code
M12R6A
Ownership Intelligence
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Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
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