Technical
Financial
Distress signals
Property profile

6202 18Th Ave Brooklyn, NY 11204

FOR SALE
Retail space
Property ID
US63-0857741
4,500 SF 0.07 ac lot Built 1920
Individually Owned 25-yr Hold Free & Clear
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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

Current use

Occupant on record · Public records
  • Restaurant

Location

6202 18Th Ave Brooklyn, NY 11204
Brooklyn metro Census 24800 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$465k

Owner & transaction history

since 2001
2 recorded transactions
2001
Price N/A
1996
$360,000

Zoning & alternative use

R5 · Brooklyn, 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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