Listing Agency: HUGAWALL REALTY LLC

Listed By: Deborah Graves Show Phone

Added: Aug 6 Changed: Sep 20 Last Checked: Sep 26 at 12:06AM

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MLS# 11927299

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Investment Insights

Based on property information with market context.

This storefront lease includes approximately 776+/- sq. ft. of street-level space along with a full finished basement. The main level has an open arrangement, private office, handicap accessible bathroom, sidewalk cellar access, and a private outdoor area at the rear. Street-facing exposure supports visibility from Washington Avenue.

The property is at 706 Washington Ave in Brooklyn’s Prospect Heights, with pedestrian activity and convenient public transportation access. Lease terms are modified gross, with the landlord paying real estate taxes while the tenant covers utilities and other tenant-related expenses. Potential applications include retail, office, boutique, service, medical, and professional uses, subject to landlord approval and applicable requirements.

Key Highlights

• Approximately 776+/- sq. ft. of street‑level space plus a full finished basement
• Open layout with private office and handicap accessible bathroom
• Private rear outdoor area and sidewalk cellar access

Property Analytics

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Current Use

Storefront properties

Suggested Use

Top Pick Law Firm Auto Parts Store Nursing Home Accounting Firm Building Supply Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Modified Gross

Lease Type

Location Intelligence

Trade Area within ½ mile

5,841

Businesses Nearby

128k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Dining 57% Shops & Services 30% Groceries 13%

McDonald's Dining

56,606 visits/mo 0.4 miles

Key Food Groceries

10,405 visits/mo 0.5 miles

Chipotle Mexican Grill Dining

9,346 visits/mo 0.5 miles

Shell Shops & Services

8,014 visits/mo 0.4 miles

AutoZone Shops & Services

7,000 visits/mo 0.4 miles

Demographics for 11238, NY

60,090

Population

29,588

Households

2

Avg Household Size

35

Median Age

71%

College-Educated

93%

High-School Grad

1.8 sq mi

ZIP Area

33,383

Density / Sq Mi

$132,957

Median Household Income

$85,179

Median Earnings

$2,511

Median Rent

$1,146,000

Median Home Value

Market

Lease Benchmarks for Ny, NY

$43.97 /SF/Yr

Avg Asking Price

$12–$90 /SF/Yr

Price Range

3,017 SF

Avg Space Size

This space is priced 41% above the average of $43.97 /SF/Yr.

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

Questions? Ask Rey

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What type of property is this? Where is this storefront properties located? What is the lease rate? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Storefront property - Open commercial layout with private office, accessible bathroom, rear outdoor area, and transit access.

Where is this storefront property located?

The property is located at 706 Washington Ave Brooklyn Ny, NY.

What is the lease rate?

The lease rate is $4,000/Mo.

What are key features of this property?

This property features: Approximately 776+/- sq. ft. of street‑level space plus a full finished basement; Open layout with private office and handicap accessible bathroom; Private rear outdoor area and sidewalk cellar access