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    4501 Glenwood Rd Brooklyn, NY 11203

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    For Sale
    $1,650,000

    Single-tenant NNN leased building with long-term tenancy.

    Property size:
    6,617 SF
    Lot size:
    0.15 Acres

    Property Features for 4501 Glenwood Rd

    General Information

    Size
    6,617 SF
    Lot size
    0.15 Acres

    Source: RIPCO Real Estate - Queens Agent Stephen R. Preuss

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

    Overview

    Event Hall Leased Investment

    This 6,617 square-foot property is a single-tenant building currently leased to an event hall operator. The property features a long-term tenancy with over six years remaining on the lease, including 3% annual increases. The location offers immediate access to Kings Highway, Utica Avenue, and Flatbush Avenue, and is in proximity to major thoroughfares.
    Insight Report Location Intelligence

    Current Use by Public Records

    Tropical Reflections Banquet Hall Kente Fest -USA Arts Organization JNT Fitness & Dance Training Centre K&L Manor Event Venue New York Kente ... Arts Organization

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing 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
    -73.932996
    Latitude
    40.635125

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    FAQs

    What type of property is this?
    Retail space - Single-tenant NNN leased building with long-term tenancy.
    Where is this retail space located?
    The property is located at 4501 Glenwood Rd Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $1,650,000.
    What are key features of this property?
    This property features: - Single-tenant NNN leased building; - Long-term tenancy with over six years remaining on lease; - 3% annual increases
    (516) 647-7155
    Request Owner's contact information
    4501 Glenwood Rd Brooklyn, NY 11203
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    Brooklyn, NY 11203
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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
    4501 Glenwood Rd Brooklyn, NY 11203
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