This 1,200 square foot retail space, located at 3063 Brighton 8th Street, 4th Floor in Brooklyn, NY 11235, presents a unique investment opportunity. Priced at $60,000, this turnkey business is situated in a vibrant location just minutes from Brighton Beach. The property boasts a bright and spacious layout with windows on two sides and a private balcony within an elevator building. The 1,375 square foot lot houses a fully equipped salon, including four manicure tables, two pedicure stations, a massage table, and ample seating for hairdressers. Currently, seven hairdressers and manicure/pedicure specialists rent chairs, generating established income. The sale includes all existing equipment and furnishings. This is an exceptional chance to acquire a profitable, established business in a high-traffic area, ready for immediate operation. The ceiling height is noted as "Other" in the property records. This property is a single unit commercial space. The property is located in Kings County (Brooklyn), New York. This is a rare opportunity to own a well-established business in a prime location.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$1,267,419
6.5%
$1,169,925
7%
$1,086,359
Comparable approach
Method
Valuation
Relative Method
$1,001,640
Geo Method
$1,001,640
Alternative Use
Use
Valuation
Residential
$1,450,707
Hospitality
$1,328,840
Educational
$1,105,579
Medical
$1,143,602
Retail
$1,719,790
Location Insight
City
Brooklyn
County
Kings
State
New York
Latitude
40.5783
Longitude
-73.9604
CBSA code
35620
CBSA name
NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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