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    556 New Lots Ave Brooklyn, NY 11207

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    For Lease
    Contact for pricing

    60,000 SF turnkey school building available Q1 2027.

    Property size:
    60,000 SF
    Lot size:
    0.25 Acres

    Property Features for 556 New Lots Ave

    General Information

    Size
    60,000 SF
    Lot size
    0.25 Acres

    Source: M.C. O’Brien, Inc. Agent William P. O’Brien, SIOR

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

    Overview

    Turnkey School Building For Rent

    A 60,000 square foot turnkey school building is available for rent with occupancy expected in Q1 2027. The landlord will deliver a state-of-the-art building and build-to-suit. The property features five floors of academic space with a capacity for 500 students. The ground floor includes offices and administrative support areas. The top floor contains a 6,125 square foot gymnasium. A lower-level cafeteria has a capacity for approximately 250 students. Additionally, there is a 920 square foot rooftop event space. The property benefits from an ICAP Tax Abatement and excellent transit access via the 2, 3, 4, 5, A, C, E, L, B15, and B83 lines. A sample test fit shows the potential for 35 classrooms and 13 offices.
    Insight Report Location Intelligence

    Current Use by Public Records

    LibertyX Bitcoin ATM Atm M&M Discount Discount Store

    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
    State
    New York
    Longitude
    -73.887483
    Latitude
    40.664015

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    FAQs

    What type of property is this?
    School - 60,000 SF turnkey school building available Q1 2027.
    Where is this school located?
    The property is located at 556 New Lots Ave Brooklyn, NY.
    What are key features of this property?
    This property features: - State-of-the-art turnkey school building delivered by landlord (build-to-suit); - Capacity for 500 students across 5 floors of academic space; - Excellent transit access (2 3 4 5 A C E L B15 B83)
    (718) 252-9191
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    556 New Lots Ave Brooklyn, NY 11207
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    Brooklyn, NY 11207
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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
    556 New Lots Ave Brooklyn, NY 11207
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