Vanderbilt Avenue Retail
For Sale
Contact for pricing
Pending
550 Vanderbilt Ave, Brooklyn, NY 11238
Ground-floor retail condominium units with established occupancy and multiple street exposures in a residential condominium development.
Property Size7,033 SF
Days on Market144
Property Features for 550 Vanderbilt Ave
General Information
Standard status
Pending
Size
7,033 SF
Property subtype
Retail
Occupancy
100%
Additional Details
Floor
Ground
Frontage
320 ft
Building Details
Buildings
1
Stories
1
Tenancy
Multi
Listing Agency:
Marshall Real Estate, LLC
Listed By:
Matthew Marshall · License #NY 10491203132
Source:
Crexi
Added: Apr 12
Changed: Aug 29
Last Checked: Aug 29 at 1:28PM
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.
This retail condominium offering comprises 7,033 square feet of ground-floor space beneath a newly developed 278-unit residential condominium building. The property spans a full city block between Pacific Street and Dean Street and includes 15-foot ceiling heights with 320 feet of wrap-around frontage: 180 feet along Vanderbilt Avenue, 125 feet on Pacific Street, and 15 feet on Dean Street.
Four tenants occupy the retail units, including an artisanal ice cream parlor, coffee shop, restaurant and bar, and development office. Lease expirations range from July 2024 through April 2030, with one space leased on a short-term basis and one tenant holding a five-year renewal option. The property is located on Vanderbilt Avenue in Brooklyn’s Prospect Heights neighborhood and benefits from a 25-Year 421a Tax Abatement that expires in 2042.
Four tenants occupy the retail units, including an artisanal ice cream parlor, coffee shop, restaurant and bar, and development office. Lease expirations range from July 2024 through April 2030, with one space leased on a short-term basis and one tenant holding a five-year renewal option. The property is located on Vanderbilt Avenue in Brooklyn’s Prospect Heights neighborhood and benefits from a 25-Year 421a Tax Abatement that expires in 2042.
Key Highlights
- 7,033 SF of ground‑floor retail condominium space
- 320' of wrap‑around frontage, including 180' on Vanderbilt Avenue
- 15' ceiling heights across the retail units
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
7,140
Businesses Nearby
156k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 51%
Shops & Services 37%
Groceries 7%
Home Improvements & Furnishings 5%
McDonald's
Dining
56,606 visits/mo
0.1 miles
TD Bank
Shops & Services
15,811 visits/mo
0.4 miles
Key Food
Groceries
10,405 visits/mo
0.2 miles
Chipotle Mexican Grill
Dining
9,346 visits/mo
0.4 miles
Mazzone Ace Hardware
Home Improvements & Furnishings
8,493 visits/mo
0.4 miles
Demographics for 11238, NY
60,090
Population
29,588
Households
2
Avg Household Size
35
Median Age
71%
College-Educated
93%
High-School Grad
1.8 sq mi
ZIP Area
33,383
Density / Sq Mi
$132,957
Median Household Income
$85,179
Median Earnings
$2,511
Median Rent
$1,146,000
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - Ground-floor retail condominium units with established occupancy and multiple street exposures in a residential condominium development.
Where is this retail space located?
The property is located at 550 Vanderbilt Ave Brooklyn, NY.
What are key features of this property?
This property features: 7,033 SF of ground‑floor retail condominium space; 320' of wrap‑around frontage, including 180' on Vanderbilt Avenue; 15' ceiling heights across the retail units
