Property summary
This exceptional 3,240 square foot retail property, located at 6202 18th Ave in Brooklyn, NY, presents a unique investment opportunity. The building, constructed in 1931 and renovated in 1995, boasts a Class B rating and sits on a 40ft x 80.5ft lot (40ft x 72ft building size). Currently configured as a well-established Asian restaurant with a fully finished basement featuring high ceilings and three commercial freezers, this turnkey operation includes a commercial kitchen equipped with a vent hood and grease trap. The first floor offers 14-foot ceilings and two bathrooms. Recent upgrades include a new boiler/HVAC system, rubber roof, and exterior improvements. Zoned R5, C1-2, this property offers significant flexibility for conversion to various uses, including retail, adult day care, office space, or a medical practice. Its prime location on a high-traffic corner in Bensonhurst, bordering Borough Park, places it within steps of Target, Starbucks, and Chipotle, and just one block from the 18th Avenue train station. The property is currently under a lease with less than two years remaining. This is a 1031 exchange eligible property. Note: Further details are available upon execution of a non-disclosure agreement.
Property profile
VerifiedCap rate & NOI
Current use
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Restaurant
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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Cap rate
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Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
R5 · Brooklyn, NYZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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