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Ground-Floor Retail Condominium
For Sale
$2,250,000

196 Stanhope Street RETAIL, Brooklyn, NY 11237

Ground-floor retail condo in a newly developed mixed-use condominium with direct street access.

Property Size5,452 SF
Price / SF$412.69
Days on Market184

Property Features for 196 Stanhope Street RETAIL

General Information

Standard status Active
Size 5,452 SF
Property subtype Mixed Use

Taxes and HOA fees

Annual Taxes $13,511

Building Details

Building Size 5,452 SF
Year Built 2025
Listing Agency: Compass
Listed By: Nathan M Horne · License #10301210236
Source: Howardhannanyc
Added: Mar 13 Changed: Sep 8 Last Checked: Sep 11 at 1:32PM

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 Compass

Investment Insights

Based on property information with market context.

This ground-floor retail condominium is part of a new development condominium at 196 Stanhope St. The space is offered for sale as a retail unit and is positioned for visibility with direct street access.

The property is described as being steps from the L and M lines and is located in the heart of Bushwick, Brooklyn, surrounded by neighborhood retail and dining amenities.

The offering includes flexible build-to-suit options, supporting customization for an owner-user or investment use, subject to applicable approvals.

Key Highlights

  • Ground‑floor retail condo in a newly developed mixed‑use condominium with direct street access
  • Located at 196 Stanhope St in the heart of Bushwick, Brooklyn
  • Steps from the L and M lines, with strong pedestrian activity

Property Analytics

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Current Use

Storefront properties

Suggested Use

Top Pick Law Firm Real Estate Agency Parking Lot & Garage Accounting Firm Acupuncture Travel Agency

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

6,126
Businesses Nearby
265k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Dining 46% Shops & Services 20% Groceries 19% Apparel 6%
Burger King Dining
36,411 visits/mo 0.2 miles
White Castle Dining
24,528 visits/mo 0.5 miles
BP Shops & Services
22,327 visits/mo 0.4 miles
Key Food Groceries
14,926 visits/mo 0.3 miles
Windsor Farms Market Groceries
14,812 visits/mo 0.3 miles

Demographics for 11237, NY

49,418
Population
18,801
Households
2.6
Avg Household Size
31
Median Age
41%
College-Educated
76%
High-School Grad
1.0 sq mi
ZIP Area
49,418
Density / Sq Mi
$82,570
Median Household Income
$43,421
Median Earnings
$2,109
Median Rent
$1,063,700
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

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025
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Frequently Asked Questions

What type of property is this?
Storefront property - Ground-floor retail condo in a newly developed mixed-use condominium with direct street access.
Where is this storefront property located?
The property is located at 196 Stanhope Street RETAIL Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: Ground‑floor retail condo in a newly developed mixed‑use condominium with direct street access; Located at 196 Stanhope St in the heart of Bushwick, Brooklyn; Steps from the L and M lines, with strong pedestrian activity
More about this property
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