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Retail Space on Prominent Corner with Parking
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For Lease
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555-557 Waverly Ave, Brooklyn, NY 11238

Brand-new retail space on a prominent Brooklyn corner with on-site parking and flexible layouts that can be combined.

Property Size3,650 SF
Days on Market6

Property Features for 555-557 Waverly Ave

General Information

Standard status Active
Size 3,650 SF
Property subtype RETAIL
Lease Type SF/mo

Amenities

on-site parking
Listing Agency: Meridian Capital Group
Listed By: Jacob Mayer
Source: Moodyscre
Added: Jul 28 Changed: Jul 31 Last Checked: Aug 2 at 3:26AM

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 Meridian Capital Group

Investment Insights

Based on property information with market context.

Brand-new retail space at 555–557 Waverly Ave, built on a prominent Brooklyn corner with on-site parking. The space is approximately 3,650 SF and can be combined with adjacent space to support larger uses.

The location benefits from dense residential and daytime population, which supports steady foot and car traffic. It is also in close proximity to Barclays Center, and there is an influx of new residential buildings within a 1-block radius.

The configuration is suited for fitness, medical, and lifestyle uses, with the opportunity to scale within the available combined spaces.

Key Highlights

  • Approximately 3,650 SF retail space at 555–557 Waverly Ave
  • Brand‑new construction on a prominent Brooklyn corner
  • On‑site parking available

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Law Firm Auto Parts Store Nursing Home (Bike/Boat/Book/etc) Store Pet Grooming Service HVAC Service

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

NNN (Triple Net)
Lease Type
$5.92 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

5,899
Businesses Nearby

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

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

This space is priced 30% below the average of $56.49 /SF/Yr.

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Brand-new retail space on a prominent Brooklyn corner with on-site parking and flexible layouts that can be combined.
Where is this retail space located?
The property is located at 555-557 Waverly Ave Brooklyn, NY.
What is the lease rate?
The lease rate is $12,000 /Mo.
What are key features of this property?
This property features: Approximately 3,650 SF retail space at 555–557 Waverly Ave; Brand‑new construction on a prominent Brooklyn corner; On‑site parking available
(212) 468-5960 Call to check price and availability
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