6822 4Th AveBrooklyn, NY 11220

Property Details for 6822 4Th Ave

Year built

1930

Lot size

0.05 AC

Property size (Sq ft)

4,090 SF

Zone code

R7B

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

05863-0047

APU

58630047

Description

This exceptional Brooklyn restaurant, located at 6822 4th Avenue in the Kings (Brooklyn) County, zip code 11220, presents a lucrative investment opportunity. Priced at $600,000, this established eatery boasts a substantial 3,200 square foot interior space spread across two connecting storefronts, offering a commanding 40-foot frontage. The property sits on a 4,000 square foot lot. The interior features a spacious kitchen and dining area, perfect for a casual dining experience. The high ceilings, ranging from 8 to 10 feet, add to the open and inviting atmosphere. A significant advantage is the fully functional basement, equipped with a walk-in cooler and freezer, along with ample prep and storage space. This turnkey operation currently generates a substantial annual gross revenue of $1,820,000, providing a strong foundation for continued success. The business remains operational; prospective buyers should schedule viewings in advance. This property is a rare find, combining a prime location with proven profitability and excellent infrastructure, making it ideal for both established restaurateurs and new entrepreneurs seeking a thriving business. The property is a single unit retail space classified as commercial and restaurant.

• CAP approach

  CAP return

  Valuation

  6%

  $676,199

  6.5%

  $624,184

  7%

  $579,599

• Comparable approach

  Method

  Valuation

  Relative Method

  $534,399

  Geo Method

  $534,399

• Alternative Use

  Use

  Valuation

  Residential

  $773,988

  Hospitality

  $708,969

  Educational

  $589,854

  Medical

  $610,140

  Retail

  $917,550

Location Insight

City

Brooklyn

County

Kings

State

New York

Latitude

40.6349

Longitude

-74.0238

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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