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    245 48Th St Brooklyn, NY 11220

    Sponsored
    For Lease
    Contact for pricing

    650 sq ft, Ground Floor, Kings County

    Lot size:
    650 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 650-square-foot office space is ideally located at 245 48th Street in Brooklyn, Kings County, New York, zip code 11220. The property is a single-tenant space, perfect for a small business or growing company seeking a versatile workspace. Its classification encompasses Traditional Office, Creative Office, and Coworking spaces, offering flexibility to suit various business needs. Situated on the ground floor, this easily accessible location provides convenient entry and exit. The space includes the benefit of split HVAC units, ensuring individual climate control for optimal comfort and efficiency. Its strategic location offers easy access to New York City via the Hugh L. Carey Tunnel, providing seamless connectivity to the broader metropolitan area. This property presents a unique opportunity for businesses seeking a well-appointed and conveniently located office space in the vibrant Brooklyn neighborhood. The property type is officially classified as an office building. The address is 245 48th Street.

    Property Features for 245 48Th St

    General Information

    Property type
    Coworking space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    650 SF

    Unit(s) available at that property

    Space
    Size
    650 SF

    HighLights

    • Ground floor office suite available for lease.
    • 650 square foot office space.
    • Building features split HVAC systems.
    • Convenient access to NYC via Holland Tunnel.
    Property Profile Location Intelligence

    Current Use by Public Records

    YH Tools Tool Store My Tool Rental ... Tool Rental Service

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon 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
    -74.014570884529
    Latitude
    40.649502420308

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    FAQs

    What type of property is this?
    Coworking space - 650 sq ft, Ground Floor, Kings County
    Where is this coworking space located?
    The property is located at 245 48Th St Brooklyn, NY.
    What are key features of this property?
    This property features: Ground floor office suite available for lease.; 650 square foot office space.; Building features split HVAC systems.
    Request Owner's contact information
    245 48Th St Brooklyn, NY 11220
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    245 48Th St
    Brooklyn, NY 11220
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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
    245 48Th St Brooklyn, NY 11220
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