480 Suffolk AveBrentwood, NY 11717

Property Details for 480 Suffolk Ave

Lot size

1.61 AC

Zone code

BUS1

Property type

Investment properties

Property subtype

Retail residential properties

APN

0500-136.00-03.00-007.000

APU

500136000300007000

Description

This thriving pool hall and bar in Brentwood, NY, presents a unique investment opportunity. Located on busy Suffolk Avenue, this well-known establishment caters to a large customer base, benefiting from a substantial population exceeding 66,035 (2020 Census). The business boasts a completely renovated interior, featuring high ceilings, marble countertops, and ceramic flooring. Equipped with eight pool tables, a modern updated kitchen (with a new food license), a large 6x6 freezer, stainless steel oven, fryer, and salamander broiler, this venue is ready to expand its offerings. Included in the sale is approximately $250,000 worth of inventory. Ample parking is available for over 70 vehicles. The current owner, a couple, is selling due to time constraints. The property operates under a 5-year lease with taxes, water, and sewer included in the monthly rental payment. This business offers a compelling investment with an approximate cap rate of 24%. The high visibility location and established clientele make this a truly exceptional opportunity for a savvy investor. Don't miss this chance to acquire a profitable and well-regarded business in a densely populated area.

• CAP approach

  CAP return

  Valuation

  6%

  $14,377,694

  6.5%

  $13,271,717

  7%

  $12,323,738

• Comparable approach

  Method

  Valuation

  Relative Method

  $14,203,343

  Geo Method

  $14,203,343

• Alternative Use

  Use

  Valuation

  Residential

  $13,271,717

  Hospitality

  $12,156,822

  Educational

  $10,114,333

  Medical

  $10,462,180

  Retail

  $15,733,407

Location Insight

City

Brentwood

County

Suffolk

State

New York

Latitude

40.7784

Longitude

-73.2567

CBSA code

35620

CBSA name

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

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

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.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].