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Brooklyn Restaurants for Sale
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Restaurants For Sale in Brooklyn
Brooklyn offers a prime setting for CRE investments, especially in the restaurant sector. The borough's well-developed transportation network, including bridges and tunnels to Manhattan, improves access for both residents and visitors. Brooklyn's economy is strong, with sectors like technology, services, manufacturing, and food driving growth. This economic backdrop, combined with the presence of top educational institutions, makes Brooklyn a promising market for restaurants aiming to serve a varied customer base. The area's diverse neighborhoods add to its appeal, providing a range of cultural and dining experiences. With a population of over 2.7 million and high density, the need for varied dining options is substantial, highlighting the opportunities for restaurant businesses.
The properties in Brooklyn are well-positioned to capitalize on the borough's large population and reputation as a food destination. Their locations near residential areas, business centers, and attractions like the Brooklyn Academy of Music and the Brooklyn Museum guarantee a consistent customer flow. Brooklyn's real estate market also features apartment buildings and shopping centers, allowing restaurants to become key spots in these settings. Additionally, specialty properties and hotels offer unique opportunities for restaurants to meet the demands of niche markets or tourists looking for genuine Brooklyn food experiences. Additionally, if you're an investor and considering a "like-kind" property for a 1031 exchange, Brooklyn has properties that could meet your requirements.
Learn About Restaurants For Sale in Brooklyn
How many restaurants for sale listings are available in Brooklyn?
There are currently 16 restaurants for sale listings available in Brooklyn.
What factors should I consider when searching for restaurants for sale in Brooklyn?
When looking for restaurants for sale in Brooklyn, it's crucial to assess several key aspects to ensure the location aligns with your business goals and operational needs.
- The local economic landscape, including the average cap rate of 7.22%, provides insight into the financial health and potential return on investment.
- Proximity to key infrastructure like the Brooklyn Navy Yard and major bridges and tunnels, which can affect customer accessibility and supply delivery efficiency.
- The specific location and visibility of the property within Brooklyn, considering its dynamic and diverse neighborhoods, to maximize customer foot traffic and overall visibility.
How much does it cost to buy a restaurant in Brooklyn?
The cost of purchasing a restaurant in Brooklyn can vary, reflecting the diverse market. The average price per square foot for restaurants for sale is $989, with an average size of 3,918 SF.
What is the largest restaurant available to buy in Brooklyn?
The largest restaurant listing available for sale in Brooklyn offers 9,928 SF of space.
Size Summary For Brooklyn Restaurants
| Restaurant Size | Square Feet |
|---|---|
| Maximum | 9,928 SF |
| Average | 3,918 SF |
| Minimum | 1,500 SF |
Cap Rate for Brooklyn Restaurants
| Restaurant Cap Rate | Cap Rate Percentage |
|---|---|
| Maximum | 12.2% |
| Average | 7.22% |
| Minimum | 5.8% |
Prices for Brooklyn Restaurants
| Restaurant Price | Price Per SF |
|---|---|
| Maximum | $2,667 Per SF |
| Average | $989 Per SF |
| Minimum | $44 Per SF |
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