196 Smith Street Brooklyn, NY $ 228,000
196 Smith Street
$ 228,000
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196 Smith Street

Brooklyn, NY, 11201
$ 228,000
Bedrooms-- Baths-- Sq 1,750

Monthly Estimate*

$ 1,422

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Commercial Property for sale in Brooklyn, NY

for $228,000. This 1,750 square foot building was built in 1931 on a lot size of 0.0399.

Exceptional opportunity to own or operate a beautifully designed dim sum and tea restaurant in the heart of Boerum Hill, Brooklyn. Located on vibrant Smith Street with excellent visibility, heavy foot traffic, and strong neighborhood demographics. It features a modern, welcoming interior inspired by traditional Chinese tea house culture, offering an chef kitchen, elegant seating area, and refined décor. The space was newly built with high-quality finishes, ventilation, and equipment—ready for immediate operation. It features approximately 1,750 SF on the first floor, offering ample dinning area, plus 800 SF in the basement with walk-in freezer for food storage. Surrounding area includes popular cafes, boutiques, and residential buildings that ensure consistent customer flow throughout the day. Suitable for continued restaurant or café use, or can be easily adapted for other culinary concepts. Convenient access to subway lines and nearby parking. A rare turnkey opportunity in one of Brooklyn’s most desirable dining corridors. Monthly rent $11,800 including tax and common charges, lease term until 2031; water $500 per quarter.

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Commercial Active

Price

$ 228,000

Property Type

Commercial

Taxes

$ 48,028

Style

Retail

Lot Size

0.0399

Year Built

1931

Town/City

Brooklyn

County/Region

Kings

MLS | Web ID

928355

Features
General
Sewer Public Sewer
Heating Forced Air
Cooling Central Air
Utilities Electricity Connected Natural Gas Connected Sewer Connected Water Connected
Zoning C2-4
Year Built 1931
Property Subtype Retail
Tax Year 2024
Parcel Number 00396-0046
Business Type Restaurant
County Kings (Brooklyn)
Property Type Business Opportunity
Facing Direction East
City New York
Property Attached Y/N Y
Tax Annual Amount 48028.92
Showing Instructions Call/text Le Quan 646-750-8970
Building Area Units Square Feet
Standard Status Active
Tax Assessed Value 602550
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Interior
Basement Storage Space
Flooring Tile Wood
Basement Features Storage Space
Basement (Y/N) Y
Entry Level 1
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Exterior
Parking Features On Street On Street
Water Source Public
Building Area Total 1750
Waterfront Y/N N
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Internal Only
Street Number 1 196
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* Excluded Features
List By
Le Quan

Listing Agent

United Real Estate Fortune

Broker

516-990-8888

Contact

Affordability Calculator

$5,425
Per Month
26%
74%
0%
Monthly Principal & Interest
$1,422
Monthly Property Taxes
$4,002
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4101131 Elementary School
4101327 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
10/24/2025$228,000 Listed Price

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196 Smith Street, Brooklyn, NY, 11201 is a Commercial Property for sale at $228,000 with 1,750 sqft and a lot size of 0.0399. 196 Smith Street was built in 1931. The property's zip code is 11201 which is in Brooklyn, NY