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    1317 Myrtle Ave Brooklyn, NY 11221

    Sponsored
    For Lease
    $37 SF/Yr

    Restaurant space, 1600 sq ft, new building

    Lot size:
    1,600 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional 1,600 square foot retail space is located at 1317 Myrtle Avenue in the vibrant Brooklyn, New York neighborhood, zip code 11221. Situated in Kings County, this single-tenant property is perfect for a restaurant operator seeking a brand new, modern space. The building is entirely new construction, offering a fresh and updated environment for any business. The property's convenient location on Myrtle Avenue provides excellent visibility and accessibility for customers. With its ample square footage, the space offers significant potential for a thriving restaurant operation. The address is easily accessible via various transportation options, ensuring convenient access for both staff and patrons. This is a rare opportunity to establish a business in a prime location within a brand new building. The property is zoned for restaurant use, simplifying the permitting and operational processes. Interested parties are encouraged to inquire for further details and to schedule a viewing of this exceptional retail opportunity. This property presents a unique chance to capitalize on the thriving culinary scene in Brooklyn.

    Property Features for 1317 Myrtle Ave

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,600 SF

    Unit(s) available at that property

    Space
    Size
    1,600 SF
    Rate per SF
    $37

    HighLights

    • 1,600 SF retail space at 1317 Myrtle Avenue, Brooklyn, NY 11221 (Kings County).
    • New construction, single‑tenant space ideal for a restaurant.
    • Excellent visibility and accessibility on Myrtle Avenue.
    • Zoned for restaurant use.
    • Ventilation possible.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.9248647
    Latitude
    40.6983101

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    FAQs

    What type of property is this?
    Restaurant - Restaurant space, 1600 sq ft, new building
    Where is this restaurant located?
    The property is located at 1317 Myrtle Ave Brooklyn, NY.
    What is the lease rate?
    The lease rate is $37 SF/Yr.
    What are key features of this property?
    This property features: 1,600 SF retail space at 1317 Myrtle Avenue, Brooklyn, NY 11221 (Kings County).; New construction, single-tenant space ideal for a restaurant.; Excellent visibility and accessibility on Myrtle Avenue.
    Request Owner's contact information
    1317 Myrtle Ave Brooklyn, NY 11221
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    Brooklyn, NY 11221
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1317 Myrtle Ave Brooklyn, NY 11221
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