For Sale
$350,000

1624 Kings Hwy Brooklyn, NY 11229

High-cash-flow Brooklyn grocery store

Overview

Added:
Dec 11, 2024
Days on market:
133
Profitable Brooklyn grocery store, strong cash flow, high foot traffic, near transit. 1,200 sq ft, 70.29% cap rate, $246,000 NOI. Owner/user opportunity. Includes FF&E.

Highlights

  • Six employees.
  • FF&E included in sale price.
  • Includes three-year-old refrigeration equipment: open box refrigerators (33 ft.), eight-door refrigerators (13-14 ft. high), and two Samsung registers.
  • Growth potential: Beer license available; opportunity to expand offerings (e.g., flowers, sandwiches).
  • Seller will provide training.

Property Details for 1624 Kings Hwy

Property type
Retail properties, Grocery and convenience stores
Square Feet
1,200 SF
Class
C
Year Built/Renovated
1947/2008
Stories
1
Units
1

Location Insight

City
Brooklyn
County
Kings
State
New York
Latitude
40.609422961744
Longitude
-73.956733922574

FAQs

What type of property is this?
Retail property - High-cash-flow Brooklyn grocery store
Where is the retail property located?
The property is located at 1624 Kings Hwy Brooklyn, NY.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Six employees.; FF&E included in sale price.; Includes three-year-old refrigeration equipment: open box refrigerators (33 ft.), eight-door refrigerators (13-14 ft. high), and two Samsung registers.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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1624 Kings Hwy
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