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Renovated Storefront with Basement
For Lease
$6,900/Mo

8418 18th Ave, Brooklyn, NY 11214

Renovated commercial space suited to office, retail, healthcare, pharmacy, or continued tea-shop use.

Space SizeContact for details
Days on Market11

Property Features for 8418 18th Ave

General Information

Standard status Active
Listing Agency: Sun Realty New York Inc
Listed By: Dongyun Lin
Source: Exprealty
Added: Sep 12 Changed: Sep 19 Last Checked: Sep 21 at 8:14AM

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 Sun Realty New York Inc

Investment Insights

Based on property information with market context.

This storefront property at 8418 18th Ave includes a 1,000-square-foot commercial space and a separate 1,000-square-foot basement. The premises have undergone a brand-new renovation and are currently operating as Wanpoo Tea Shop. The layout supports continued food-and-beverage use as well as retail, pharmacy, healthcare, and office applications including medical, accounting, and insurance offices.

The property is positioned next to the D train’s 18th Ave station and at the corner of the 18th Ave and 86th St commercial districts. Its location provides direct access to established commercial surroundings while maintaining flexibility for multiple storefront-oriented uses.

Key Highlights

  • 1,000‑square‑foot storefront plus 1,000‑square‑foot basement
  • Brand‑new renovation
  • Next to the D train 18th Ave station

Property Analytics

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Current Use

Bay Ridge Auto ... Car Dealership

Suggested Use

Top Pick Law Firm Parking Lot & Garage Hotel & Motel Real Estate Agency Bar & Pub Gym & Fitness Center

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
$12.42 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

4,131
Businesses Nearby
194k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Dining 50% Shops & Services 34% Apparel 7% Groceries 7%
Popeyes Louisiana Kitchen Dining
24,696 visits/mo 0.4 miles
Outback Steakhouse Dining
23,802 visits/mo 0.4 miles
Bank of America Shops & Services
15,565 visits/mo 0.5 miles
AutoZone Shops & Services
14,265 visits/mo 0.5 miles
Key Food Groceries
13,779 visits/mo 0.4 miles

Demographics for 11214, NY

96,560
Population
33,341
Households
2.9
Avg Household Size
39
Median Age
32%
College-Educated
76%
High-School Grad
2.0 sq mi
ZIP Area
48,280
Density / Sq Mi
$64,286
Median Household Income
$41,172
Median Earnings
$1,710
Median Rent
$1,007,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for Brooklyn, NY

$58.47 /SF/Yr
Avg Asking Price
$8.63–$150 /SF/Yr
Price Range
2,305 SF
Avg Space Size

This space is priced 42% above the average of $58.47 /SF/Yr.

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?
Storefront property - Renovated commercial space suited to office, retail, healthcare, pharmacy, or continued tea-shop use.
Where is this storefront property located?
The property is located at 8418 18th Ave Brooklyn, NY.
What is the lease rate?
The lease rate is $6,900/Mo.
What are key features of this property?
This property features: 1,000‑square‑foot storefront plus 1,000‑square‑foot basement; Brand‑new renovation; Next to the D train 18th Ave station
More about this property
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