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    123 Melrose St Brooklyn, NY 11206

    For Lease
    Contact for pricing

    Retail space for lease in a rapidly growing Bushwick area.

    Property size:
    10,355 SF
    Lot size:
    3.67 Acres

    Property Features for 123 Melrose St

    General Information

    Size
    10,355 SF
    Lot size
    3.67 Acres

    Source: Meridian Capital Group Agent Sam Tucker

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail Space in Bushwick Brooklyn

    This retail space is located at the base of The Denizen, a 911-unit residential building, in the rapidly growing area of Bushwick. The property is anchored by a brand-new 14,000 square foot Foodtown. It offers direct access to a monthly/transient parking garage. The landlord is willing to contribute to build-out for food and beverage operators. The property has institutional ownership.
    Insight Report Location Intelligence

    Current Use by Public Records

    All Used Cars ... Car Dealer Express Automation Company rubius mi casita Motel LYFE Hair Savior Hair Replacement Service BB Wellness Services Personal Trainer

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.932889
    Latitude
    40.699647

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    FAQs

    What type of property is this?
    Retail space - Retail space for lease in a rapidly growing Bushwick area.
    Where is this retail space located?
    The property is located at 123 Melrose St Brooklyn, NY.
    What are key features of this property?
    This property features: - Located in the heart of the rapidly growing area of Bushwick; - Anchored by brand-new 14,000 SF Foodtown; - Landlord is willing to contribute for build-out for F&B operators
    (212) 972-3600
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    123 Melrose St Brooklyn, NY 11206
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    Brooklyn, NY 11206
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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
    123 Melrose St Brooklyn, NY 11206
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