1425 Kings HwyBrooklyn, NY 11229

Property Details for 1425 Kings Hwy

Year built

1910

Lot size

0.04 AC

Property size (Sq ft)

5,004 SF

Zone code

C44A

Property type

Retail residential properties

APN

06777-0029

APU

67770029

Description

This turnkey restaurant opportunity in Brooklyn, NY, presents a unique chance to acquire an established business. Located at 1425 Kings Highway in the Midwood neighborhood, near Brooklyn College, this single-tenant space offers 1,500 to 2,500 square feet of operational area. The property is currently configured as a thriving Turkish restaurant, complete with furnishings and equipment, allowing for immediate operation. High sales volume and profitability are key features, supported by a dedicated clientele and staff. Financial details, including key money and rent, are available upon request. This fully operational restaurant offers the potential for continued success with the existing menu and staff, or the flexibility to adapt to a new concept. The property's prime location and established customer base provide a strong foundation for rapid return on investment. Immediate possession is available. The property is situated in Kings County, New York, with a zip code of 11229.

• CAP approach

  CAP return

  Valuation

  6%

  $1,025,865

  6.5%

  $946,952

  7%

  $879,313

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,013,425

  Geo Method

  $1,013,425

• Alternative Use

  Use

  Valuation

  Residential

  $946,952

  Hospitality

  $867,403

  Educational

  $721,669

  Medical

  $746,489

  Retail

  $1,122,597

Location Insight

City

Brooklyn

County

Kings

State

New York

Latitude

40.6089

Longitude

-73.9585

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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