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    656 Vanderbilt Ave Brooklyn, NY 11238

    Sponsored
    For Lease
    $95 SF/Yr

    1,887 SF Retail Space - Immediate Possession

    Lot size:
    1,887 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional retail space at 656 Vanderbilt Avenue in Brooklyn's vibrant Prospect Heights neighborhood offers immediate occupancy in a high-traffic location. The ground floor boasts 1,887 square feet of newly white-boxed space, perfect for a variety of retail uses. A 944 square foot basement provides additional storage or expansion potential. The property features a desirable 15-foot frontage and a 10-foot ceiling height. Its strategic location on Vanderbilt Avenue, between Park Place and Sterling Place, places it steps from Grand Army Plaza and benefits from the immense foot traffic of this bustling corridor. Proximity to the Brooklyn Botanical Garden, Prospect Park, and numerous popular businesses including Chase Bank, Foodtown, and several restaurants and cafes, ensures high visibility and a strong customer base. The area also enjoys excellent public transportation access, with over two million annual riders utilizing the nearby 7th Avenue B/Q subway lines. The space is fully adaptable and can be vented to accommodate various business needs. All uses are considered. This is a truly unique opportunity to establish a thriving business in one of Brooklyn's most sought-after neighborhoods.

    Property Features for 656 Vanderbilt Ave

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,887 SF

    Unit(s) available at that property

    Space
    Ground
    Size
    1,887 SF
    Rate per SF
    $95

    HighLights

    • 1,887 SF ground floor retail space with immediate occupancy in Prospect Heights, Brooklyn.
    • 944 SF basement for storage or expansion.
    • 15‑foot frontage and 10‑foot ceilings.
    • High‑traffic location on Vanderbilt Avenue, near Grand Army Plaza.
    • Excellent public transportation access (B/Q subway).
    • Adaptable space, all uses considered.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.9696214
    Latitude
    40.6764691

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    FAQs

    What type of property is this?
    Retail property - 1,887 SF Retail Space - Immediate Possession
    Where is this retail property located?
    The property is located at 656 Vanderbilt Ave Brooklyn, NY.
    What is the lease rate?
    The lease rate is $95 SF/Yr.
    What are key features of this property?
    This property features: 1,887 SF ground floor retail space with immediate occupancy in Prospect Heights, Brooklyn.; 944 SF basement for storage or expansion.; 15-foot frontage and 10-foot ceilings.
    Request Owner's contact information
    656 Vanderbilt Ave Brooklyn, NY 11238
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    Brooklyn, NY 11238
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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
    656 Vanderbilt Ave Brooklyn, NY 11238
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