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    722 Nostrand Ave Brooklyn, NY 11216

    For Lease
    $52 SF/Yr

    Prime Retail Space, High Traffic Area

    Lot size:
    1,381 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 1,381 square foot retail space, located at 722 Nostrand Avenue in Kings County, presents a unique investment opportunity. Situated between Park Place and Prospect Place, this single-tenant property boasts a desirable 20-foot frontage on Nostrand Avenue, ensuring high visibility and significant branding potential. The building is zoned R6A, C2-4, allowing for a variety of uses. Currently built out as a bar, the space includes a sizable basement and a rear yard, offering ample storage and potential for expansion. Its prime location in a high foot traffic area, coupled with its proximity to public transportation, guarantees a steady stream of potential customers. The property's versatile layout and existing bar build-out make it ideal for a variety of retail or restaurant concepts. This is a rare opportunity to acquire a well-positioned commercial property in a thriving neighborhood. The substantial square footage, combined with the added benefits of basement and rear yard space, provides significant operational flexibility. Don't miss this chance to secure a prominent location in a bustling commercial corridor. Serious inquiries only.

    Property Features for 722 Nostrand Ave

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,381 SF

    Unit(s) available at that property

    Space
    Size
    1,381 SF
    Rate per SF
    $52

    HighLights

    • 1,381 SF retail space, plus basement and rear yard.
    • 20' frontage on Nostrand Avenue.
    • Excellent branding opportunity.
    • Currently built out as a bar.
    • High foot traffic location.
    • Steps from public transportation.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Super Power Bar Design Data Strong ... Internet Service Provider

    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
    -73.9503789
    Latitude
    40.6739786

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    FAQs

    What type of property is this?
    Restaurant - Prime Retail Space, High Traffic Area
    Where is this restaurant located?
    The property is located at 722 Nostrand Ave Brooklyn, NY.
    What is the lease rate?
    The lease rate is $52 SF/Yr.
    What are key features of this property?
    This property features: 1,381 SF retail space, plus basement and rear yard.; 20' frontage on Nostrand Avenue.; Excellent branding opportunity.
    Request Owner's contact information
    722 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
    722 Nostrand Ave Brooklyn, NY 11216
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