4-Unit Ground-Floor Retail
For Sale
Contact for pricing
1502 W 1st St, Brooklyn, NY 11204
Fully leased commercial condominium with two tenant groups and 3% annual rent increases.
Property SizeContact for details
Days on Market145
Property Features for 1502 W 1st St
General Information
Standard status
Active
Property subtype
Retail
Listing Agency:
RIPCO Real Estate
Listed By:
Alex Svetlakou · License #NY 10401242416
(646) 827-9968
Source:
Crexi
Added: Apr 12
Changed: Aug 31
Last Checked: Aug 31 at 2:12AM
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 RIPCO Real Estate
Investment Insights
Based on property information with market context.
This ground-level retail condominium is divided into four separately identified units occupied by two tenants. Unit C1 contains 1,960 NSF and is leased through May 2024. The combined C2, C3, and C4 configuration provides 5,809 NSF under a lease extending through December 2027. Both lease arrangements include 3% annual rent increases and a five-year renewal option.
The property is located at 1502 W 1st St in Brooklyn, with access to nearby F train service at Avenue P and N and Q and W train service at Bay Parkway. The multi-unit layout and existing occupancy provide a defined retail condominium configuration for commercial ownership.
The property is located at 1502 W 1st St in Brooklyn, with access to nearby F train service at Avenue P and N and Q and W train service at Bay Parkway. The multi-unit layout and existing occupancy provide a defined retail condominium configuration for commercial ownership.
Key Highlights
- Ground‑floor retail condo divided into 4 units
- Two tenants occupy the four‑unit configuration
- Unit C1 contains 1,960 NSF and is leased through May 2024
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,837
Businesses Nearby
113k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 56%
Groceries 16%
Shops & Services 15%
Electronics 13%
McDonald's
Dining
24,219 visits/mo
0.5 miles
Key Food
Groceries
17,619 visits/mo
0.3 miles
Chase Bank
Shops & Services
16,089 visits/mo
0.4 miles
Starbucks
Dining
15,784 visits/mo
0.4 miles
P.C. Richard & Son
Electronics
9,818 visits/mo
0.3 miles
Demographics for 11204, NY
85,885
Population
27,498
Households
3.1
Avg Household Size
34
Median Age
30%
College-Educated
74%
High-School Grad
1.6 sq mi
ZIP Area
53,678
Density / Sq Mi
$67,588
Median Household Income
$33,461
Median Earnings
$1,751
Median Rent
$1,097,200
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Fully leased commercial condominium with two tenant groups and 3% annual rent increases.
Where is this retail space located?
The property is located at 1502 W 1st St Brooklyn, NY.
What are key features of this property?
This property features: Ground‑floor retail condo divided into 4 units; Two tenants occupy the four‑unit configuration; Unit C1 contains 1,960 NSF and is leased through May 2024
