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    FOR LEASE
    Hotels

    96 Wythe Ave, Brooklyn, NY 11249

    78,215 SF 0.5 ac lot Built 2017
    Entity Owned 3-yr Hold ~ Est. High Equity
    Property ID
    US63-2641864
    Property summary
    AI-generated overview

    This exceptional turnkey opportunity presents a fully operational nightclub, bar, and restaurant located at 96 Wythe Avenue in the vibrant Williamsburg submarket of Brooklyn, New York. Spanning 6,300 square feet across two stories, this single-tenant property offers immediate income potential for a savvy investor. The property's prime location within Williamsburg ensures high foot traffic and visibility, making it an ideal venue for a thriving nightlife establishment. The existing infrastructure is designed to support a multi-faceted business model, encompassing a nightclub, bar, and restaurant, all within a single, well-established space. The property's layout is optimized for efficient operations, with ample space for customer seating, a fully equipped bar, and a kitchen suitable for restaurant service. The building is situated in a dynamic area known for its bustling nightlife and diverse clientele. This turnkey operation minimizes the start-up time and costs associated with launching a new business, allowing for immediate revenue generation. The property's address is 96 Wythe Avenue, Brooklyn, NY 11249, within the highly sought-after Williamsburg submarket of Brooklyn. This presents a rare chance to acquire a well-established and profitable business in a prime location. The property is classified as Retail, Restaurant, and Special Purpose, offering significant flexibility and potential for future growth. The property's size and location make it an attractive investment for experienced operators seeking a high-return opportunity in a thriving market. This is a truly unique opportunity to acquire a successful and established business in one of Brooklyn's most desirable neighborhoods.

    Property profile
    Verified
    Property type Hotels
    Use group HOTEL
    Year built 2017
    Total area 78,215 SF
    Lot 0.5 ac (21,875 SF)
    Zoning code M1-2
    APN 02295-0021
    UPID US63-2641864
    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
    • Sungold Restaurant Brooklyn NY (Arlo Williamsburg) Restaurant
    • ART Williamsburg Rooftop Bar, NYC (Arlo Williamsburg) Bar & Pub
    • COACHING IN STILETTOS Vocational School Training Center
    • The Bohemia Market (Bike/Boat/Book/etc) Store
    • The Water Tower Bar Bar & Pub Nightclub
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Quadrum Bk LLC · 3 yrs held
    Quadrum Bk LLC
    since 2023
    Last sale
    $96.0M
    7 recorded transactions
    2023
    $96.0M
    2017
    2017
    2016
    2016
    2015
    2014
    Zoning & alternative use
    M1-2 · Brooklyn, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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