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    638 Nostrand Ave Brooklyn, NY 11216

    Sponsored
    For Lease
    Contact for pricing

    700 sq ft, Single Tenant, High Traffic

    Lot size:
    700 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 700-square-foot retail storefront, located at 638 Nostrand Avenue in Brooklyn, New York (zip code 11216), presents a fantastic opportunity for a discerning business owner. Situated in Kings County within the NYC Outer Boroughs submarket, this single-tenant space boasts a highly visible street-facing location, ideal for attracting customers. The property is classified as a retail storefront and is currently configured as a second-generation restaurant, offering significant flexibility for various uses. The space's 700 square feet provide ample room for a diverse range of businesses. Its location in the vibrant Brooklyn community ensures high foot traffic and easy accessibility. The property is ready for immediate occupancy, allowing for a swift and seamless transition for new tenants. This is an excellent opportunity to establish or expand a business in a thriving and dynamic neighborhood. The property's address is precisely 638 Nostrand Avenue, Brooklyn, NY 11216, within the NYC Outer Boroughs submarket cluster of Brooklyn. This location offers significant potential for growth and success. All uses are considered.

    Property Features for 638 Nostrand Ave

    General Information

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

    Unit(s) available at that property

    Space
    Size
    700 SF

    HighLights

    • 700 SF retail space for lease at 638 Nostrand Avenue, Brooklyn, NY 11216.
    • High‑visibility street‑facing location in a vibrant Brooklyn neighborhood.
    • Previously a restaurant (second‑generation space), suitable for various uses.
    • All uses considered.
    Property Profile Location Intelligence

    Current Use by Public Records

    Punchline juice bar Juice Shop O’tacos Brooklyn Fast Food Restaurant

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store 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
    -73.949852611959
    Latitude
    40.676616202018

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    FAQs

    What type of property is this?
    Individual retail property - 700 sq ft, Single Tenant, High Traffic
    Where is this individual retail property located?
    The property is located at 638 Nostrand Ave Brooklyn, NY.
    What are key features of this property?
    This property features: 700 SF retail space for lease at 638 Nostrand Avenue, Brooklyn, NY 11216.; High-visibility street-facing location in a vibrant Brooklyn neighborhood.; Previously a restaurant (second-generation space), suitable for various uses.
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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
    638 Nostrand Ave Brooklyn, NY 11216
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