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    588 New York Ave Brooklyn, NY 11225

    For Lease
    $40 SF/Yr

    700 SF Retail/Office, $2300/month

    Lot size:
    700 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 700-square-foot commercial space, located at 588-608 New York Avenue in Kings County, presents a fantastic opportunity for a variety of businesses. Currently available for lease, this property offers a versatile layout suitable for both retail and office uses. The space is part of a multi-tenant building, providing a vibrant and active environment. The asking rent is $2,300 per month, making it an attractive option for businesses seeking a well-located and affordable space in a thriving Brooklyn neighborhood. The property's address is strategically positioned to benefit from high foot traffic and excellent visibility, ensuring maximum exposure for your business. This is an ideal location for businesses seeking a strong presence in a bustling commercial area. The flexible space allows for customization to suit individual business needs, offering a blank canvas for your vision. Serious inquiries are encouraged to explore this promising opportunity to establish or expand your business in a prime Brooklyn location. The property is categorized as retail and office space, reflecting its adaptability to diverse business models. This makes it an excellent choice for entrepreneurs and established businesses alike. Don't miss out on this chance to secure a thriving location for your enterprise. Contact us today to schedule a viewing and discuss your business needs.

    Property Features for 588 New York Ave

    General Information

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

    Unit(s) available at that property

    Space
    Ground
    Size
    700 SF
    Rate per SF
    $40

    HighLights

    • 700 sq. ft. retail/office space available in Kings County.
    • Multiple tenancies available.
    • Asking rent: $2,300 per month.
    • All uses considered.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    P S Barber ... Barber Shop The Sommelier Your Wine ... Liquor Store

    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
    -73.9478229
    Latitude
    40.6601264

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    FAQs

    What type of property is this?
    Retail property - 700 SF Retail/Office, $2300/month
    Where is this retail property located?
    The property is located at 588 New York Ave Brooklyn, NY.
    What is the lease rate?
    The lease rate is $40 SF/Yr.
    What are key features of this property?
    This property features: 700 sq. ft. retail/office space available in Kings County.; Multiple tenancies available.; Asking rent: $2,300 per month.
    Request Owner's contact information
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    Brooklyn, NY 11225
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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
    588 New York Ave Brooklyn, NY 11225
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