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    824 Jamaica Ave Brooklyn, NY 11208

    Sponsored
    For Sale
    $1,188,000

    High-traffic retail building with development potential.

    Property size:
    720 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional 720-square-foot retail property, situated on a 0.05-acre lot (4,100+ square feet), presents a compelling investment opportunity in the vibrant Cypress Hills neighborhood of Brooklyn, NY. Located on bustling Jamaica Avenue, this M1-1 zoned building boasts excellent visibility and signage, ensuring high traffic exposure. The property features impressive 9-foot ceilings, a convenient roll-up door, ample parking (16 spaces), and a fully fenced lot, enhancing security and functionality. Modern upgrades include all new LED lighting and a robust 200-amp power supply. Its prime location offers unparalleled convenience, just one block from the J train and minutes from the Jackie Robinson Parkway. The surrounding area is densely populated with established businesses, including Stop & Shop, Public Storage, various self-storage facilities, fast-food chains (Dunkin', Wendy's, McDonald's), Dollar Tree, Conoco, Duane Reade, YMCA, White Castle, and KFC, indicating strong consumer traffic and demand. Annual property taxes are $9,676.12, representing the total annual expenses. This property offers significant upside potential for both developers seeking a prime location and established businesses looking for a high-visibility space. Don't miss this chance to acquire a thriving retail property in a rapidly growing area.

    Property Features for 824 Jamaica Ave

    General Information

    Property type
    Retail properties
    Square Feet
    720 SF
    Lot Size
    2,178 SF

    Building Details

    Year Built
    1920
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail properties

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings (Brooklyn)
    State
    New York
    Longitude
    -73.87439
    Latitude
    40.68899

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    FAQs

    What type of property is this?
    Retail property - High-traffic retail building with development potential.
    Where is this retail property located?
    The property is located at 824 Jamaica Ave Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $1,188,000.
    (516) 783-5600
    Request Owner's contact information
    824 Jamaica Ave Brooklyn, NY 11208
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    Realmo Value Estimation

    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.

    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.

    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
    824 Jamaica Ave Brooklyn, NY 11208
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