Property profile

711 Kings Hwy Brooklyn, NY 11223

FOR SALE
Theaters & concert halls
Property ID
US63-2731568
6,666 SF 0.11 ac lot Built 1924
Entity Owned 5-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional commercial property, located at 711 Kings Highway in Brooklyn, New York, presents a remarkable investment opportunity. The building boasts a total of 14,664 square feet, spread across two stories, and is currently vacant, offering immediate occupancy for a discerning buyer. The asking price is $7,500,000, translating to a price per square foot of $511.46. The property is zoned R6A-C2-3, OP, allowing for a variety of uses. The building itself measures 4,888 square feet, situated on a lot with dimensions of 47.25 feet by 104.17 feet. The floor area ratio (FAR) is 3, with a built FAR of 1.36. This prime location on Kings Highway in Brooklyn's vibrant Kings County (zip code 11223) offers unparalleled visibility and accessibility, making it ideal for a restaurant or storefront operation. The property's size and zoning provide significant flexibility for a wide range of commercial ventures. This is a rare opportunity to acquire a substantial, well-located commercial property in a thriving New York City neighborhood. The vacant status allows for immediate customization and development to suit the specific needs of the new owner. Serious inquiries are encouraged.

Property profile

Verified
Property type Theaters & concert halls
Use group THEATER (MOVIE)
Year built 1924
Total area 6,666 SF
Lot 0.11 ac (4,888 SF)
Zoning code R6A
APN 06664-0025
UPID US63-2731568

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

711 Kings Hwy Brooklyn, NY 11223
Brooklyn metro Census 41800 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
$405k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$330k

Owner & transaction history

since 2021
Last sale
$300,000
3 recorded transactions
2021
$300,000
2021
$3.1M
2012
Price N/A

Zoning & alternative use

R6A · 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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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