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    1653 Nostrand Ave Brooklyn, NY 11226

    For Lease
    $49 SF/Yr ($4,499 /Mo)

    1,100 SF Retail Store w/ Backyard

    Lot size:
    1,100 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional 1,100 square foot retail space, located at 1653 Nostrand Avenue in Brooklyn, NY, presents a fantastic opportunity for business owners. Situated on a prominent avenue in the thriving Flatbush neighborhood, this single-tenant property offers high visibility and excellent foot traffic. Built in 1931, the three-story building boasts a spacious 2,000 square foot lot, including a valuable backyard area – a rare find in this location. The property's convenient location offers easy access to Prospect Park, numerous shops and restaurants, schools, and various public transportation options. This is an ideal space for a business seeking to establish or expand its presence in a vibrant and growing area of Brooklyn. The property is zoned for retail use and features a single suite within the building. Its central location within Flatbush provides unparalleled access to a diverse and densely populated customer base. The combination of prime location, ample space, and the added benefit of a backyard makes this property a truly unique investment opportunity. The zip code is 11226, and the property is located in Kings County (Brooklyn), New York.

    Property Features for 1653 Nostrand Ave

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,100 SF
    Total Rate
    4499.92

    Building Details

    Year Built
    1931
    Stories
    3

    Unit(s) available at that property

    Space
    1653 Nostrand Avenue
    Size
    1,100 SF
    Rate per SF
    $49
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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 (Brooklyn)
    State
    New York
    Longitude
    -73.9487934
    Latitude
    40.6457947

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    FAQs

    What type of property is this?
    Retail property - 1,100 SF Retail Store w/ Backyard
    Where is this retail property located?
    The property is located at 1653 Nostrand Ave Brooklyn, NY.
    What is the lease rate?
    The lease rate is $49 SF/Yr.
    Request Owner's contact information
    1653 Nostrand Ave Brooklyn, NY 11226
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    Brooklyn, NY 11226
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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
    1653 Nostrand Ave Brooklyn, NY 11226
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