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Property profile & analytics
OFF-MARKET Estimated value $1,660,000
Retail space

6202 18th Ave Brooklyn, NY 11204-2901

4,500 SF 0.07 ac lot Built 1920
Individually Owned 25-yr Hold Free & Clear
Property ID
US63-0857741
Property summary
AI-generated overview

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
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1920
Total area 4,500 SF
Lot 0.07 ac (3,220 SF)
Zoning code R5
APN 05532-0039
UPID US63-0857741
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Good Day Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.66M
Owner & transaction history
Ke B Chen · 25 yrs held
Ke B Chen
since 2001
2 recorded transactions
2001
Price N/A
1996
$360,000
Zoning & alternative use
R5 · Brooklyn, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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