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    550 Vanderbilt Ave Brooklyn, NY 11238

    For Lease
    $65 SF/Yr

    Prime Vanderbilt Ave location, 2400 sq ft.

    Lot size:
    2,400 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 2,400 square foot retail space is ideally situated on Vanderbilt Avenue between Pacific and Dean Streets in the vibrant Prospect Heights neighborhood of Kings County. Boasting 70 feet of frontage on Pacific Street, this ground floor space offers immediate possession and is in white box condition, allowing for complete customization to suit your business needs. Previously used as a construction office, the property presents a blank canvas for a variety of retail concepts. The location is unparalleled, situated on one of Prospect Heights' busiest retail corridors, benefiting from high foot traffic and excellent visibility. The property enjoys close proximity to a diverse range of established businesses, including Van Leeuwen Artisan Ice Cream, Ciao Gloria, Olmstead, Weather Up, Bierwax, Chuko, Zaytoon's, Barclays Center, Ample Hills Creamery, LaLou, Alta Calidad, White Tiger, Chelsea Piers Fitness, Brooklyn Tech, and McDonalds. Exceptional transportation access is a key advantage, with the A & C subway lines just one block away at the Clinton-Washington Avenue station. Furthermore, the property is a short walk to Atlantic Avenue, Brooklyn's busiest transportation hub, servicing nearly 14 million passengers annually. All uses are considered. This is a truly remarkable opportunity to establish a thriving business in a high-demand location. Asking rent is available upon request.

    Property Features for 550 Vanderbilt Ave

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    2,400 SF

    Unit(s) available at that property

    Space
    Ground
    Size
    2,400 SF
    Rate per SF
    $65

    HighLights

    • 2,400 sq. ft. retail space available in Prospect Heights, Kings County.
    • Located on Vanderbilt Avenue between Pacific & Dean Streets, with 70 feet of frontage on Pacific Street.
    • Asking rent upon request; immediate possession.
    • White box condition; previously a construction office.
    • Excellent location, one block from the A & C subway lines and a short walk to the Atlantic Avenue transportation hub (serving 14 million passengers annually).
    Property Profile Location Intelligence

    Current Use by Public Records

    David Chang Music Piano Instructor 550 Vanderbilt Condominium Complex Dr. Shustina Gastroenterologist ParaDocs Medical Services Medical Group Home depo Hardware Store

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.9681389
    Latitude
    40.680736

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    FAQs

    What type of property is this?
    Retail property - Prime Vanderbilt Ave location, 2400 sq ft.
    Where is this retail property located?
    The property is located at 550 Vanderbilt Ave Brooklyn, NY.
    What is the lease rate?
    The lease rate is $65 SF/Yr.
    What are key features of this property?
    This property features: 2,400 sq. ft. retail space available in Prospect Heights, Kings County.; Located on Vanderbilt Avenue between Pacific & Dean Streets, with 70 feet of frontage on Pacific Street.; Asking rent upon request; immediate possession.
    Request Owner's contact information
    550 Vanderbilt Ave Brooklyn, NY 11238
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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
    550 Vanderbilt Ave Brooklyn, NY 11238
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