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    1518 Avenue Z Brooklyn, NY 11235

    Sponsored
    For Lease
    $60 SF/Yr

    Prime Brooklyn Retail, 2000 sq ft

    Lot size:
    2,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 2,000 square foot retail space at 1518 Avenue Z in Brooklyn, New York, presents a remarkable opportunity for businesses seeking high visibility and significant foot traffic. Located in Kings County, this single-tenant property boasts a prime corner location at the intersection of Avenue Z and E 16th Street, offering a total frontage of 91 feet. The C4-2 zoning allows for a variety of retail uses. The space itself is characterized by a large, open layout, ideal for creating a dynamic and engaging retail environment. This location benefits from an average daily traffic count of 12,000 vehicles between Avenue Z and E 16th Street, ensuring consistent exposure to potential customers. The property's strategic positioning provides excellent branding opportunities, allowing businesses to establish a strong presence within a bustling commercial area. The zip code is 11235. This is an exceptional opportunity to secure a high-traffic, highly visible retail space in a thriving Brooklyn neighborhood. The property is easily accessible and offers significant potential for growth and success. Serious inquiries are encouraged.

    Property Features for 1518 Avenue Z

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    2,000 SF

    Unit(s) available at that property

    Space
    Size
    2,000 SF
    Rate per SF
    $60

    HighLights

    • 2,000 square foot retail space at 1518 Avenue Z, Brooklyn, NY.
    • Prime corner location with 91 feet of frontage at Avenue Z and E 16th Street.
    • C4‑2 zoning allows for diverse retail uses.
    • High visibility with 12,000 average daily vehicle traffic count.
    • Located in the 11235 zip code.
    Property Profile Location Intelligence

    Current Use by Public Records

    Infinite Leasing Car Dealer DealerShoppe.com Car Dealer

    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
    -73.953559
    Latitude
    40.587798

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    FAQs

    What type of property is this?
    Individual retail property - Prime Brooklyn Retail, 2000 sq ft
    Where is this individual retail property located?
    The property is located at 1518 Avenue Z Brooklyn, NY.
    What is the lease rate?
    The lease rate is $60 SF/Yr.
    What are key features of this property?
    This property features: 2,000 square foot retail space at 1518 Avenue Z, Brooklyn, NY.; Prime corner location with 91 feet of frontage at Avenue Z and E 16th Street.; C4-2 zoning allows for diverse retail uses.
    Request Owner's contact information
    1518 Avenue Z Brooklyn, NY 11235
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    Brooklyn, NY 11235
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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
    1518 Avenue Z Brooklyn, NY 11235
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