496 Clarkson AveBrooklyn, NY 11203

Property Details for 496 Clarkson Ave

Property size (Sq ft)

1,700 SF

Property type

Retail properties

Property subtype

Restaurants

Description

This exceptional investment opportunity presents a 1,700 square foot, single-story restaurant located at 496 Clarkson Avenue in the desirable East Flatbush section of Brooklyn, NY, 11203. The property sits on a 1,700 square foot lot and boasts 11-15 foot ceilings. Currently operating as a successful eatery offering salads, bagels, and smoothies, this three-year-old establishment features ample seating and a loyal customer base. The business enjoys a high volume of sales and benefits from a long-term, 12-year lease with favorable rental terms. An added mezzanine level provides valuable prep and office space. The property's prime location is directly across from Kings County Hospital and shares a block with established businesses like Dunkin' and Popeye's, ensuring high foot traffic and visibility. The asking price is $699,000, with a Net Operating Income (NOI) of $275,000, resulting in a 0.39% cap rate. This property is ideal for an owner-operator or a multi-unit operator seeking a profitable addition to their portfolio. The property can be sold individually or as part of a package deal with another property at 1010 Nostrand Avenue.

Location Insight

City

Brooklyn

County

Kings (Brooklyn)

State

New York

Latitude

40.6557

Longitude

-73.9429

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