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Property profile & analytics

56 9th St, Unit 2 Brooklyn, NY 11249-1911

  • Retail space
  • 26,718 SF
  • 0.39 lot acres
OFF-MARKET
Value Estimations
$11,880,000
Cap Rate Potential
Location Intelligence
Property ID
US63-4811958
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Pretty Money Records / Recording Studio
  • 56 North 9 / Apartment Building

Property Details for 56 9th St

Year built
2017
Lot size
0.39 lot acres
Property size
26,718 SF
Zone code
M12R6A
Property type
Retail space
APN
02309-1202
APU
23091202

Description

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.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

  • CAP approach

  • Comparable approach

  • Alternative Use

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Brooklyn
County
Kings
State
New York
Longitude
-73.9604
Latitude
40.7211
CBSA code
35620
CBSA name
NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$323,894
$430,448
$2,938,950
$3,369,398
-
$956,550
$6,531,000
$7,487,550
More about this property
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