Sheepshead Bay Commercial
For Sale
Contact for pricing
1627 Sheepshead Bay Road, Brooklyn, NY 11235
Commercial property with income potential in Sheepshead Bay, Brooklyn.
Property Size2,755 SF
Lot Size0.06 Acres
Price / SF$685.62
Days on Market203
Property Features for 1627 Sheepshead Bay Road
General Information
Standard status
Active
Size
2,755 SF
Lot size
0.06 Acres
Property subtype
Land
Zoning
C4-2
Building Details
Year Built
1927
Buildings
1
Listing Agency:
DiTommaso Real Estate
Listed By:
Stephanie Zhang · License #30ZH0997890
(718) 667-8000
Source:
Crexi
Added: Mar 18
Changed: Aug 8
Last Checked: Aug 25 at 9:24AM
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 DiTommaso Real Estate
Investment Insights
Based on property information with market context.
A commercial property with potential for mixed-use development is available in the Sheepshead Bay neighborhood of Brooklyn. The site includes a building and an operating dry-cleaning business, providing immediate income potential and long-term flexibility in a high-traffic location. The lot measures 19 feet wide by 146 feet deep, offering development potential. An architect can assist in maximizing the property's value, whether the plan is to continue operating the dry cleaner, lease to new tenants, or redevelop the site. The property represents a strategic asset in a Brooklyn location with built-in income and multiple pathways to increase its value. The property size is 2755 square feet.
Key Highlights
- Prime commercial property in the vibrant Sheepshead Bay neighborhood of Brooklyn.
- Operating dry‑cleaning business included, providing immediate income potential.
- Substantial lot size: 19 feet wide x 146 feet deep, offering significant development potential.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$132,115
Cap Rate
6.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,642,300
$2.6M
Cap Rate 7%
$1,887,357
$1.9M
Cap Rate 9%
$1,467,944
$1.5M
Market Conditions
NOI Build-Up for 2,755 SF
Gross rent
$214.2K $77.76/SF
− Vacancy
−$25.5K −$9.25/SF
EGI
$188.7K $68.51/SF
− OpEx
−$56.6K −$20.55/SF
NOI
$132.1K $47.95/SF
Area
Brooklyn, NY
Vacancy
11.90%
Lease Rate
$77.76 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,642,300
Cap Rate 7%
$1,887,357
Cap Rate 9%
$1,467,944
Alternative Uses
Best Use
Retail
$1.89M
$1.65M – $2.20M
NOI $132,115 @ 7.0% cap · market cap 6.99%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.28M
$2.00M – $2.66M
NOI $159,680 @ 7.0% cap · market cap 8.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
4,886
Businesses Nearby
264k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 30%
Groceries 27%
Apparel 21%
Office Supplies 14%
Stop & Shop
Groceries
70,327 visits/mo
0.2 miles
Marshalls
Apparel
55,799 visits/mo
0.3 miles
Staples
Office Supplies
37,374 visits/mo
0.3 miles
Petco
Shops & Services
25,350 visits/mo
0.3 miles
Bank of America
Shops & Services
24,582 visits/mo
0.2 miles
Demographics for 11235, NY
88,482
Population
37,188
Households
2.4
Avg Household Size
44
Median Age
50%
College-Educated
90%
High-School Grad
2.5 sq mi
ZIP Area
35,393
Density / Sq Mi
$61,689
Median Household Income
$48,898
Median Earnings
$1,649
Median Rent
$723,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Storefront property - Commercial property with income potential in Sheepshead Bay, Brooklyn.
Where is this storefront property located?
The property is located at 1627 Sheepshead Bay Road Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,888,888.
What are key features of this property?
This property features: Prime commercial property in the vibrant Sheepshead Bay neighborhood of Brooklyn.; Operating dry‑cleaning business included, providing immediate income potential.; Substantial lot size: 19 feet wide x 146 feet deep, offering significant development potential.
