Listing Agency: M2 CRE Show Phone

Listed By: Max Lu Show Phone

Source: Moodyscre

Added: Dec 10, 2024 Changed: Aug 8 Last Checked: Aug 20 at 12:49PM

Report an Issue

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of M2 CRE

Investment Insights

Based on property information with market context.

This 6,900 SF commercial building features 2,300 SF on the ground floor, a 2,300 SF cellar with a full kitchen, and a 2,300 SF second-floor loft space. The property benefits from high ceilings throughout and over 125 feet of frontage as a prominent corner building. The lot area is 2,310 SF. It is located in Brooklyn, NY. The zoning is M1-2, with a Commercial/Manufacturing FAR of 2.0 and a Community Facility FAR of 4.8. The real estate taxes are $58,374, with a rent roll of $258,000 and expenses of $60,197, resulting in a NOI of $197,803.

Key Highlights

• High Net Operating Income (NOI) of $197,803
• Significant Rent Roll of $258,000
• Prominent corner building with over 125 ft of frontage

Property Analytics

Property Profile

Current Use

About Last Night Bar & Pub Print Mafia NYC Textile Manufacturer

Suggested Use

Top Pick Law Firm Real Estate Agency Nursing Home Accounting Firm Veterinary Clinic Acupuncture

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

6,333

Businesses Nearby

72k

Monthly Visits Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 57% Dining 31% Groceries 7% Electronics 5%

BP Shops & Services

32,083 visits/mo 0.5 miles

Popeyes Louisiana Kitchen Dining

11,681 visits/mo 0.2 miles

Dunkin' Donuts Dining

8,863 visits/mo 0.2 miles

Super Foodtown Groceries

4,917 visits/mo 0.5 miles

Sunoco Shops & Services

4,490 visits/mo 0.5 miles

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this storefront properties located? What is the asking price? Find similar properties ... What are key features of this property?

Ask Rey about this property ...

Similar For Sale Nearby

Four-Story Building with Restaurant

774 59th Street, Brooklyn, NY 11220

$7,500,000

6,800 SF

View details

Office Unit with Installed Utilities

1916 Ocean Ave, Brooklyn, NY 11230

$1,200,000

3,200 SF

View details

Renovated Office Condo with Balcony

2345 60th Street, Brooklyn, NY 11204

$1,550,000

3,700 SF

View details

Ground-Floor Medical Office Condo

5024 10th Avenue, Brooklyn, NY 11219

$525,000

1,755 SF

View details

Storefront Property with Three NNN Stores

268 Bay Ridge Avenue, Brooklyn, NY 11220

$3,100,000

6,362 SF

View details

First-Floor and Cellar Commercial Condo

832 40th Street, Brooklyn, NY 11232

$1,390,000

3,239 SF

View details

Two-Level Medical Office Condominium

1749 E 16th Street, Brooklyn, NY 11229

$1,289,000

2,300 SF

View details

Storefront Condo with Garage Parking

268 Bay Ridge Avenue, Brooklyn, NY 11220

$988,000

2,292 SF

View details

New Construction Office Units

7910 4th Avenue, Brooklyn, NY 11209

$880,000

2,100 SF

View details

Senior Housing Community Space

1238 63rd Street, Brooklyn, NY 11219

$6,800,000

13,615 SF

View details

Built-Out Medical Office Condo

849 53rd Street, Brooklyn, NY 11220

$1,090,000

1,079 SF

View details

Turnkey Second-Floor Medical Office Suite

863 50th Street, Brooklyn, NY 11220

$518,000

1,018 SF

View details

Similar Off Market Nearby

• Florencia Flower Shop — 236 Wilson Ave, Brooklyn, NY 11237
• Millefiori Florist — 777 Flushing Ave, Brooklyn, NY 11206
• GEMINIS FLOWER SHOP — 801 flushing ave, brooklyn, ny 11206
• Fleuncie Flower Shop — 1202 Myrtle Ave, Brooklyn, NY 11221
• Floristeria Rosa De Guadalupe — 1407 Myrtle Ave, Brooklyn, NY 11237

Frequently Asked Questions

What type of property is this?

Storefront property - 6,900 SF commercial building with high ceilings and loft.

Where is this storefront property located?

The property is located at 1 Knickerbocker Ave Brooklyn, NY.

What are key features of this property?

This property features: High Net Operating Income (NOI) of $197,803; Significant Rent Roll of $258,000; Prominent corner building with over 125 ft of frontage