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    545 Nostrand Ave Brooklyn, NY 11216

    Sponsored
    For Lease
    $65 SF/Yr

    Prime Brooklyn Retail, 1200 SF Available

    Lot size:
    1,200 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional retail space, located at 545 Nostrand Avenue in the vibrant Brooklyn neighborhood of Kings County, New York (zip code 11216), offers 1,200 square feet of prime commercial space. The property is situated on a high-traffic section of Nostrand Avenue, ensuring excellent visibility and foot traffic for your business. This is a multi-tenant building, perfect for a variety of retail uses. The space itself is already equipped with a ventilation system, including a hood and vent, making it move-in ready for many food-related businesses or other ventures requiring ventilation. The asking rent is $6,500 per month. The property's convenient location in Brooklyn, New York, provides easy access to public transportation and a diverse customer base. This is a rare opportunity to secure a well-located, fully-vented retail space in a thriving commercial area. The property is ready for immediate occupancy. Interested parties should inquire promptly to secure this exceptional retail opportunity. The latitude and longitude coordinates are 40.6788539, -73.9494663 respectively.

    Property Features for 545 Nostrand Ave

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,200 SF

    Unit(s) available at that property

    Space
    Ground
    Size
    1,200 SF
    Rate per SF
    $65
    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 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
    -73.9494663
    Latitude
    40.6788539

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    FAQs

    What type of property is this?
    Retail property - Prime Brooklyn Retail, 1200 SF Available
    Where is this retail property located?
    The property is located at 545 Nostrand Ave Brooklyn, NY.
    What is the lease rate?
    The lease rate is $65 SF/Yr.
    Request Owner's contact information
    545 Nostrand Ave Brooklyn, NY 11216
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    Brooklyn, NY 11216
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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
    545 Nostrand Ave Brooklyn, NY 11216
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