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    571 Ocean Pkwy Brooklyn, NY 11218

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    For Lease
    $3,850 /Mo ($61 SF/Yr)

    750 SF commercial condo in new building, constructed in 2021.

    Property size:
    750 SF
    Lot size:
    0.13 Acres

    Property Features for 571 Ocean Pkwy

    General Information

    Size
    750 SF
    Lot size
    0.13 Acres

    Source: Commercial Acquisitions Realty Services Agent Vadim Atbashyan

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

    Overview

    Commercial Condo For Lease

    This 750 square foot commercial condominium is available for lease. Constructed in 2021, the new building is ADA compliant and features abundant natural light. The layout includes five rooms and one bathroom. The property benefits from high visibility, with an average daily traffic count of 72,000 vehicles on Ocean Parkway. Additionally, the location offers convenient access to public transportation.
    Insight Report Location Intelligence

    Current Use by Public Records

    NY BEAUTY SKIN Spa

    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
    -73.971635
    Latitude
    40.633803

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    FAQs

    What type of property is this?
    Retail space - 750 SF commercial condo in new building, constructed in 2021.
    Where is this retail space located?
    The property is located at 571 Ocean Pkwy Brooklyn, NY.
    What is the lease rate?
    The lease rate is $61 SF/Yr.
    What are key features of this property?
    This property features: - High Traffic Location: 72,000 Avg Daily Traffic on Ocean Pkwy; - New Construction: Building Constructed in 2021; - ADA Compliant
    (718) 517-8700
    Request Owner's contact information
    571 Ocean Pkwy Brooklyn, NY 11218
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    Brooklyn, NY 11218
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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
    571 Ocean Pkwy Brooklyn, NY 11218
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