Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    713 Nostrand Avenue Brooklyn, NY 11216

    View on Map
    For Lease
    $25,000

    Office - Brooklyn, NY

    Type:Office
    Property size:
    8,700 SF
    Lot size:
    0.10 Acres
    Added:
    Dec 17, 2025
    Days on Market:
    110
    Last Refresh:
    Apr 6 at 5:06 pm

    Property Features for 713 Nostrand Avenue

    General Information

    Property type
    Residential Lease
    Property subtype
    Office
    Zoning
    R6A
    Standard status
    Active
    Size
    8,700 SF
    Lot size
    0.10 Acres

    Taxes and HOA fees

    Tax Annual Amount
    51715

    Utilities

    Heating system
    Natural Gas

    Building Details

    Year built
    1910
    Floors in Building
    2
    Flooring type
    Tile
    Architectural style
    Other

    We can help!

    Listing Contact
    Qais Shawabkeh

    Listing agent Qais Shawabkeh

    Listing office Intella Properties Corp 8515 3rd Ave, Brooklyn, NY

    Listing date Dec 17, 2025

    MLS# 497908 Listing URL

    Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Prime Commercial Space on Nostrand

    Located on Nostrand Avenue in Brooklyn, this commercial space offers 8,000 square feet of space for lease. Situated in the heart of Crown Heights, the property benefits from a high-traffic corridor, offering excellent visibility and strong foot traffic. The flexible layout is suitable for a wide range of businesses, including medical centers, gyms, community facilities, and offices. The property is surrounded by strong residential density and active commercial activity and has easy access to public transportation. The location is ideal for tenants seeking a large, versatile space in a thriving Brooklyn neighborhood. The lot size is approximately 0.099 acres. The property size is 8,700 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Fabian Barber Shop Barber Shop Nostrand Hall Hotel & Motel Royal Crown Palace ... Wedding Service

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.949839
    Latitude
    40.67293

    Nearby Similar for Lease

    • Contact for pricing

      Versatile Commercial Space in Brooklyn

      Expansive 2,700 SF commercial space in Greenwood Heights.
      663 3rd Avenue, Brooklyn, NY 11232
      View Details
    • Contact for pricing

      Midwood Medical Office Space Available

      Medical office space for rent in the heart of Midwood.
      2000 Kings Highway, Brooklyn, NY 11229
      View Details
    • Contact for pricing

      Corner Medical Office with Parking

      Prime 2,000 SF medical office space for lease.
      7206 7th Avenue, Brooklyn, NY 11209
      View Details
    • Contact for pricing

      Versatile Commercial Space with Backyard

      Ground floor space with basement and backyard in Brooklyn.
      2372 McDonald Avenue, Brooklyn, NY 11223
      View Details
    • Contact for pricing

      Turn-Key Dental Office in Brooklyn

      Fully equipped dental office with existing business in Bay Ridge.
      14 Bay Ridge Place, Brooklyn, NY 11209
      View Details
    • Contact for pricing

      Functional Medical Office in Brooklyn

      Prime medical office space in a highly visible Brooklyn location.
      364 97th Street, Brooklyn, NY 11209
      View Details
    • Contact for pricing

      Brooklyn Office Space For Lease

      6,000 SF office space in Sunset Park, Brooklyn.
      813 63rd Street, Brooklyn, NY 11220
      View Details
    • Contact for pricing

      Brooklyn Retail Space for Lease

      1,000 SF retail space in a high-traffic Brooklyn location.
      9010 Avenue A, Brooklyn, NY 11236
      View Details
    • $39,000/mo

      Prime Bensonhurst Commercial Space Available

      Massive commercial space in high-traffic area with flexible layout.
      1857 86th Street, Brooklyn, NY 11214
      View Details
    • Contact for pricing

      Renovated Office Space in Brooklyn

      1200 sq ft office space for rent in Brooklyn.
      2312 Coney Island Avenue, Brooklyn, NY 11223
      View Details
    • Contact for pricing

      Professional Office Space in Brooklyn

      High-end, ready-to-move-in office space near Kings Highway.
      1718 E 17th Street unit: First Floor, Brooklyn, NY 11229
      View Details
    • Contact for pricing

      Brooklyn Medical Office For Rent

      Medical office in Marine Park, also suitable for other office uses.
      2216 Kimball Street, Brooklyn, NY 11234
      View Details

    FAQs

    What type of property is this?
    Office units - 8,000 sqft commercial space for lease in Crown Heights.
    Where is this office units located?
    The property is located at 713 Nostrand Avenue Brooklyn, NY.
    What is the lease rate?
    The lease rate is $25,000.
    What are key features of this property?
    This property features: Large 8,000 SQFT commercial space.; Prime location on high‑traffic Nostrand Avenue.; Flexible layout suitable for various businesses (medical, gym, office, etc.).
    (718) 333-5530
    We can help!
    Listing Contact
    Qais Shawabkeh
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!