For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Wingate Community Facility Space Title is generated by Realmo AI

    513 New York Ave, Brooklyn, NY 11225

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    New 3,000 SF commercial space ideal for various uses.

    Type:Hospitality, Office, Retail, Self Storage, Special Purpose
    Property size:
    3,000 SF
    Price / SF:
    $666/SF
    Added:
    Oct 29, 2024
    Days on Market:
    616
    Last Refresh:
    Jun 24 at 9:12 pm

    Property Features for 513 New York Ave

    General Information

    Standard status
    Active
    Size
    3,000 SF
    Property subtype
    Hospitality, Office, Retail, Self Storage, Special Purpose

    Building Details

    Year Built
    2025

    We can help!

    Contact an agent
    Salomon Danielov
    Salomon Danielov

    Listing office Corcoran

    Listing date Oct 29, 2024

    Source Crexi

    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 Corcoran

    HighLights

    • Long‑term Tax Abatement: Enjoy significant property tax savings.
    • 3,000 SF Ground‑Floor Space: Ideal for medical, daycare, school, or other community facility uses.
    • Prime Location in Thriving Wingate Neighborhood.
    • High Visibility: Prominent street frontage ensures excellent exposure.
    • Flexible 'Vanilla Box' Layout: Ready for a custom build‑out.
    • Brand New Construction: Built in 2025, with projected delivery Summer 2025.

    Overview

    Located in the Wingate neighborhood, this new 3,000 SF ground-floor commercial space is suitable for a medical office, daycare, school, or other uses. The space offers high visibility with street frontage. It will be delivered in vanilla box condition, ready for custom build-out. The projected delivery date is Summer 2025. A long-term tax abatement is in place.

    Local 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 $233.3k $77.76
    − Vacancy −$27.8k −$9.25
    EGI $205.5k $68.51
    − OpEx −$61.7k −$20.55
    NOI $143.9k $47.95
    3,000 SF · lease $77.76/SF/yr · vacancy 11.90% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $2.06M
    $1.80M – $2.40M (±1% cap)
    NOI $143,864 @ 7.0% cap · market cap 7.19%
    Second Best
    Office B
    $1.07M
    $935.6K – $1.25M (±1% cap)
    NOI $74,844 @ 7.0% cap · market cap 3.74%
    Theoretical Best
    Specialty Retail
    $2.48M
    $2.17M – $2.90M (±1% cap)
    NOI $173,880 @ 7.0% cap · market cap 8.69%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Law Firm Real Estate Agency Dental Office Parking Lot & Garage Nursing Home Nursing Home Acupuncture Gym & Fitness Center Carpet & Flooring Store Pet Grooming Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.944612
    Latitude
    40.662166

    FAQs

    What type of property is this?
    Retail space - New 3,000 SF commercial space ideal for various uses.
    Where is this retail space located?
    The property is located at 513 New York Ave Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $2,000,000.
    What are key features of this property?
    This property features: Long‑term Tax Abatement: Enjoy significant property tax savings.; 3,000 SF Ground‑Floor Space: Ideal for medical, daycare, school, or other community facility uses.; Prime Location in Thriving Wingate Neighborhood.
    (347) 306-4996 Call to check price and availability
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message