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    383-391 Avenue X Brooklyn, NY 11223

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    For Sale
    $3,100,000

    Retail property in a densely populated Brooklyn neighborhood.

    Property size:
    4,800 SF
    Lot size:
    0.16 Acres

    Property Features for 383-391 Avenue X

    General Information

    Size
    4,800 SF
    Lot size
    0.16 Acres

    Source: Metro Commercial & Business Brokers, Inc. Agent John Wilmarth

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

    Overview

    Brooklyn Retail Property For Sale

    Located in the Gravesend neighborhood of Brooklyn, New York, this retail property is situated on Avenue X, a main shopping street. The surrounding area is densely populated with a middle-income demographic. Avenue X features a variety of businesses, including banks, supermarkets, a post office, restaurants, shops, and boutiques. Public transportation options include the F subway line at McDonald Ave Shell Rd, 86th Street and Ave X, five blocks west of the property, and the B1 bus line, with a stop located directly in front of the premises. The property has a size of 4,800 square feet.
    Location Intelligence

    Current Use by Public Records

    Storefront 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.

    Similar Places Nearby

    Flowers, Design by Dinara Safiullina, M&J Wholesale Flowers, Elegant Blossoms Floral Designs & Events --Office location for Consultation--, Petals of Art

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.969056
    Latitude
    40.5909

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    FAQs

    What type of property is this?
    Storefront property - Retail property in a densely populated Brooklyn neighborhood.
    Where is this storefront property located?
    The property is located at 383-391 Avenue X Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $3,100,000.
    What are key features of this property?
    This property features: - Prime location on Avenue X, a main shopping street with banks, supermarkets, restaurants, and shops.; - Convenient public transportation: Bus stop (B1 Line) directly in front of the premises.; - Subway access (F line) within five blocks.
    (516) 640-5440
    Request Owner's contact information
    383-391 Avenue X Brooklyn, NY 11223
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    Brooklyn, NY 11223
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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
    383-391 Avenue X Brooklyn, NY 11223
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