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Electric Retail Building
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240 3rd Ave, Brooklyn, NY 11217

Entirely electric retail building with flood resistant landscaping near a high-ridership retail corridor.

Property Size1,588 SF
Days on Market88

Property Features for 240 3rd Ave

General Information

Standard status Active
Size 1,588 SF
Property subtype RETAIL

Additional Details

Multifamily Units 240
Listing Agency: Good Space NYC
Listed By: Roberto Rhett
Source: Moodyscre
Added: May 6 Changed: Jul 28 Last Checked: Jul 31 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 Good Space NYC

Investment Insights

Based on property information with market context.

Located at 240 3rd Ave in Brooklyn, this for-rent retail building features entirely electric operations and flood resistant landscaping. The property is positioned to serve foot traffic along a prominent retail corridor.

Public remarks highlight outstanding visibility on Union Street and place the property about one block away from Union St (R). Reported ridership includes 2.2M annual riders, with an additional 1M annual riders projected post rezoning. The surrounding context includes a residential component, with over 90% of the 240 residential units leased, supporting an established local customer base.

Key Highlights

  • Entirely electric retail building
  • Over 90% of the 240 residential units have been leased
  • Outstanding visibility on Union Street, Gowanus’ premier retail corridor

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Building Supply Auto Parts Store Auto Repair Shop Hair Salon Nail Salon Accounting Firm

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

Lease Details

240
Residential units
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

8,568
Businesses Nearby
176k
Monthly Visits Nearby

Foot Traffic Nearby

Groceries 58% Shops & Services 16% Office Supplies 11% Dining 10%
Whole Foods Market Groceries
88,654 visits/mo 0.2 miles
Staples Office Supplies
19,418 visits/mo 0.1 miles
Dinosaur Bar-B-Que Dining
9,469 visits/mo 0.2 miles
Associated Supermarkets Groceries
8,577 visits/mo 0.3 miles
TD Bank Shops & Services
8,526 visits/mo 0.3 miles

Demographics for 11217, NY

42,417
Population
21,590
Households
2
Avg Household Size
36
Median Age
73%
College-Educated
93%
High-School Grad
0.7 sq mi
ZIP Area
60,596
Density / Sq Mi
$158,314
Median Household Income
$95,067
Median Earnings
$2,800
Median Rent
$1,614,200
Median Home Value

Market

Lease Benchmarks for Brooklyn, NY

$56.49 /SF/Yr
Avg Asking Price
$8.63–$200 /SF/Yr
Price Range
1,529 SF
Avg Space Size

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
Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Entirely electric retail building with flood resistant landscaping near a high-ridership retail corridor.
Where is this retail space located?
The property is located at 240 3rd Ave Brooklyn, NY.
What are key features of this property?
This property features: Entirely electric retail building; Over 90% of the 240 residential units have been leased; Outstanding visibility on Union Street, Gowanus’ premier retail corridor
(718) 225-9900 Call to check price and availability
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