Two-Tenant Corner Retail
For Sale
Contact for pricing
3448-3454 Nostrand Avenue, Brooklyn, NY 11229
Two single-story retail buildings with on-site parking and established tenancy along a signalized commercial intersection.
Property Size5,164 SF
Days on Market16
Property Features for 3448-3454 Nostrand Avenue
General Information
Standard status
Active
Size
5,164 SF
Property subtype
Retail
Zoning
R4 / C1-2
Occupancy
100%
Investment Type
Stabilized
Building Details
Year Built
2009
Buildings
2
Stories
1
Units
2
Tenancy
Multi
Listing Agency:
Newmark
Listed By:
Caroline Hodes · License #NY 10401272489
Source:
Crexi
Added: Jul 27
Changed: Aug 10
Last Checked: Aug 11 at 1:11PM
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 Newmark
Investment Insights
Based on property information with market context.
This retail property comprises two single-story buildings totaling approximately 5,164 square feet on a 9,805-square-foot corner lot. The asset is fully leased to two tenants, Starbucks and Greene Street Cannabis Co., under long-term lease agreements. On-site surface parking covers approximately 4,641 square feet, while the buildings provide approximately 98 feet of combined corner frontage.
Positioned at 3448-3454 Nostrand Avenue in Brooklyn’s Sheepshead Bay neighborhood, the property has access from Nostrand Avenue and nearby residential streets. The site is located along an established commercial corridor surrounded by residential housing, restaurants, services, and daily-needs retail. Nearby B and Q subway service and connecting bus routes provide public transportation access.
The property was built in 2009 and is zoned R4 / C1-2. Lease provisions include 12% rent increases every five years for Starbucks and 3% annual escalations for Greene Street Cannabis Co., along with reimbursement of real estate taxes, common area maintenance, and insurance. Approximately 4,641 square feet of remaining as-of-right air rights is also included.
Positioned at 3448-3454 Nostrand Avenue in Brooklyn’s Sheepshead Bay neighborhood, the property has access from Nostrand Avenue and nearby residential streets. The site is located along an established commercial corridor surrounded by residential housing, restaurants, services, and daily-needs retail. Nearby B and Q subway service and connecting bus routes provide public transportation access.
The property was built in 2009 and is zoned R4 / C1-2. Lease provisions include 12% rent increases every five years for Starbucks and 3% annual escalations for Greene Street Cannabis Co., along with reimbursement of real estate taxes, common area maintenance, and insurance. Approximately 4,641 square feet of remaining as-of-right air rights is also included.
Key Highlights
- Approximately 5,164 square feet across two single‑story retail buildings
- 100% leased to Starbucks and Greene Street Cannabis Co. under long‑term leases
- 9,805‑square‑foot R4 / C1‑2 corner lot with approximately 4,641 square feet of surface parking
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,352
Businesses Nearby
37k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 63%
Shops & Services 33%
Electronics 5%
TD Bank
Shops & Services
12,196 visits/mo
0.4 miles
IHOP
Dining
11,732 visits/mo
0.4 miles
Starbucks
Dining
9,533 visits/mo
0.5 miles
China King
Dining
2,043 visits/mo
0.3 miles
Verizon
Electronics
1,724 visits/mo
0.4 miles
Demographics for 11229, NY
83,669
Population
33,353
Households
2.5
Avg Household Size
40
Median Age
41%
College-Educated
88%
High-School Grad
2.0 sq mi
ZIP Area
41,835
Density / Sq Mi
$72,556
Median Household Income
$52,948
Median Earnings
$1,666
Median Rent
$812,200
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Retail space - Two single-story retail buildings with on-site parking and established tenancy along a signalized commercial intersection.
Where is this retail space located?
The property is located at 3448-3454 Nostrand Avenue Brooklyn, NY.
What are key features of this property?
This property features: Approximately 5,164 square feet across two single‑story retail buildings; 100% leased to Starbucks and Greene Street Cannabis Co. under long‑term leases; 9,805‑square‑foot R4 / C1‑2 corner lot with approximately 4,641 square feet of surface parking
