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    160 Imlay St Brooklyn, NY 11231

    Sponsored
    For Lease
    $30 SF/Yr

    Prime Red Hook retail space, stunning views.

    Lot size:
    8,242 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This 8,242 square foot single-tenant retail condominium at 160 Imlay Street in Brooklyn's Red Hook submarket offers a unique opportunity. Boasting 12 to 16-foot ceilings, floor-to-ceiling windows, and breathtaking skyline and water views, this versatile space is ideal for a variety of uses. The property is part of a recently completed residential conversion, with all 70 residential units selling quickly, demonstrating strong area demand. The location benefits from the upcoming "Harbor of the Future" development, a massive mixed-use project at the adjacent Brooklyn Marine Terminal, poised to transform Red Hook into a premier NYC destination. The space's open layout and striking views make it suitable for various concepts, from traditional retail to large-scale fitness studios, schools, or event spaces. The potential exists to combine this retail space with seven additional office condos (20,810 square feet) on the second floor, which may be converted to residential units in the future. A total of 21 parking spaces are also available. This property presents a compelling investment opportunity in a rapidly developing neighborhood.

    Property Features for 160 Imlay St

    General Information

    Property type
    Manufacturing properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    8,242 SF

    Unit(s) available at that property

    Space
    Size
    8,242 SF
    Rate per SF
    $30

    HighLights

    • 8,242 SF single‑tenant retail condo in Red Hook, Brooklyn, with 12‑16' ceilings and floor‑to‑ceiling windows offering stunning skyline & water views.
    • Up to 37,000 SF available through potential combination with adjacent 20,810 SF of office condos.
    • Versatile space suitable for various uses including retail, fitness, education, or events.
    • Available for lease or sale.
    • Located in a rapidly developing area, benefiting from the upcoming "Harbor of the Future" development and strong residential demand (70 units sold quickly in adjacent building). 21 parking spaces available.
    Property Profile Location Intelligence

    Current Use by Public Records

    New York Dock ... Condominium Complex

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply 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
    -74.0098135
    Latitude
    40.6811053

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    FAQs

    What type of property is this?
    Manufacturing property - Prime Red Hook retail space, stunning views.
    Where is this manufacturing property located?
    The property is located at 160 Imlay St Brooklyn, NY.
    What is the lease rate?
    The lease rate is $30 SF/Yr.
    What are key features of this property?
    This property features: 8,242 SF single-tenant retail condo in Red Hook, Brooklyn, with 12-16' ceilings and floor-to-ceiling windows offering stunning skyline & water views.; Up to 37,000 SF available through potential combination with adjacent 20,810 SF of office condos.; Versatile space suitable for various uses including retail, fitness, education, or events.
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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
    160 Imlay St Brooklyn, NY 11231
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