566 7Th AveBrooklyn, NY 11215

For Sale
$198,000

Established eatery, high NOI, great location

Overview

Added:
Dec 11, 2024
Days on market:
94
Prime Park Slope opportunity: Own a successful, 1,500 sq ft pizzeria and bar with a loyal customer base and strong reputation. This turnkey operation boasts a 100% occupancy rate and a substantial net operating income (NOI) of $112,000, resulting in a compelling 56.57% cap rate. The business operates under a triple net (NNN) lease with 8 years remaining. Situated on a 1,614 sq ft lot at 566 7th Avenue in Brooklyn, NY (zip code 11215), this single-story building offers varied ceiling heights. The sale price is $198,000. This is an exceptional chance to acquire a well-established business in a vibrant neighborhood known for its high foot traffic and strong community engagement. The included liquor license ensures continued profitability and operational ease. Don't miss this chance to own a piece of Brooklyn's thriving culinary scene.

Highlights

  • $198,000 asking price for a profitable restaurant and bar business.
  • 1,500 square foot space in a 1-story building on a 1,614 square foot lot.
  • Located at 566 7th Avenue, Brooklyn, NY 11215.
  • NNN lease with 8 years remaining.
  • 100% occupancy with a $112,000 NOI and a 56.57% cap rate.

Property Details for 566 7Th Ave

Property type
Other retail properties, Restaurants
Square Feet
1,500 SF
Stories
1
Units
1

Location Insight

City
Brooklyn
County
Kings (Brooklyn)
State
New York
Latitude
40.6596528
Longitude
-73.988386
566 7Th Ave, Brooklyn, New York

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566 7Th Ave
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