Leased Retail Condominium
525 MYRTLE AVE Brooklyn, NY 11205
For Sale
Contact for pricing
Fully leased ground-floor retail condominium with street-facing frontage and an additional basement space.
Property Size1,771 SF
Price / SF$903.44
Days on Market10
Property Features for 525 MYRTLE AVE
General Information
Standard status
Active
Size
1,771 SF
Property subtype
Retail
Building Details
Year Built
2015
Listing Agency:
Marshall Real Estate, LLC
Listed By:
Matthew Marshall · License #NY 10491203132
Source:
Crexi
Added: Jul 21
Changed: Jul 24
Last Checked: Jul 29 at 8:34AM
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 Marshall Real Estate, LLC
Investment Insights
Based on property information with market context.
525 Myrtle Avenue offers the 100% fee simple interest in a retail condominium unit that is currently fully leased. The condominium includes approximately 1,611 square feet of ground-floor retail space plus an additional 160-square-foot basement, for a total of approximately 1,771 square feet.
The property is positioned along Myrtle Avenue in the Clinton Hill neighborhood of Brooklyn. It is 100% occupied by CKO Kickboxing under a newly executed long-term lease extending through April 2036.
The layout is configured for retail use with prominent street frontage and a ground-floor customer-facing presence, supported by supplemental basement area.
The property is positioned along Myrtle Avenue in the Clinton Hill neighborhood of Brooklyn. It is 100% occupied by CKO Kickboxing under a newly executed long-term lease extending through April 2036.
The layout is configured for retail use with prominent street frontage and a ground-floor customer-facing presence, supported by supplemental basement area.
Key Highlights
- Fully leased retail condominium at 525 Myrtle Avenue in Brooklyn’s Clinton Hill neighborhood
- 100% occupied by CKO Kickboxing under a newly executed long‑term lease extending through April 2036
- Approximately 1,611 SF ground‑floor retail space plus 160 SF basement, totaling about 1,771 SF
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $137.7k | $77.76 |
| − Vacancy | −$16.4k | −$9.25 |
| EGI | $121.3k | $68.51 |
| − OpEx | −$36.4k | −$20.55 |
| NOI | $84.9k | $47.95 |
1,771 SF · lease $77.76/SF/yr · vacancy 11.90% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.21M
$1.06M – $1.42M
NOI $84,928 @ 7.0% cap · market cap 5.31%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.47M
$1.28M – $1.71M
NOI $102,647 @ 7.0% cap · market cap 6.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Retail space - Fully leased ground-floor retail condominium with street-facing frontage and an additional basement space.
Where is this retail space located?
The property is located at 525 MYRTLE AVE Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Fully leased retail condominium at 525 Myrtle Avenue in Brooklyn’s Clinton Hill neighborhood; 100% occupied by CKO Kickboxing under a newly executed long‑term lease extending through April 2036; Approximately 1,611 SF ground‑floor retail space plus 160 SF basement, totaling about 1,771 SF
