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    Withheld Withheld Rd Brooklyn, NY 11229

    For Lease
    $2 SF/Yr ($1,000 /Mo)

    Spacious Retail Space, Ideal for Events

    Lot size:
    4,480 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 4,480 square foot retail space, located at Withheld Withheld Road in Brooklyn, NY 11229, presents a unique investment opportunity. Situated in a C4-48 zoned area of Kings County, this single-tenant property boasts a prime location. The building, constructed in 1928, features three stories and offers a versatile layout perfect for a variety of uses. The space includes a fully renovated dance studio with hardwood floors, newly painted walls, bright lighting, and two modern bathrooms. A welcoming waiting area is equipped with a modern reception desk and chairs, and a grand piano adds a touch of elegance. Additional amenities include a beautiful balcony/porch area, ideal for outdoor events, and a screen suitable for movie screenings or slideshow presentations. The high ceilings, ranging from 11 to 15 feet, contribute to the spacious feel. An office space is also available, potentially for shared use. The property's ample size makes it suitable for various functions, including children's or adult parties, dance or exercise classes (yoga, ballet, karate), concerts, and large meetings. The entire 4,480 square foot lot is available for lease. Subleasing options are available at hourly rates ranging from $100 to $200. This property offers a rare combination of character, modern amenities, and versatile space in a vibrant Brooklyn neighborhood.

    Property Features for 0 Withheld Withheld Rd

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    4,480 SF
    Total Rate
    1000.53

    Building Details

    Year Built
    1928
    Stories
    3

    Unit(s) available at that property

    Space
    Withheld Withheld Road
    Size
    4,480 SF
    Rate per SF
    $2
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    Brooklyn
    County
    Kings (Brooklyn)
    State
    New York
    Longitude
    -73.9447994
    Latitude
    40.5988077

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    FAQs

    What type of property is this?
    Individual retail property - Spacious Retail Space, Ideal for Events
    Where is this individual retail property located?
    The property is located at Withheld Withheld Rd Brooklyn, NY.
    What is the lease rate?
    The lease rate is $2 SF/Yr.
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    Withheld Withheld Rd Brooklyn, NY 11229
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    Brooklyn, NY 11229
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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
    Withheld Withheld Rd Brooklyn, NY 11229
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