513 New York Ave, Brooklyn, NY 11225
New 3,000 SF commercial space ideal for various uses.
- 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
Listing office Corcoran (347) 306-4996
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
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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.944612
- Latitude
- 40.662166