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Prime Retail Space in Brooklyn
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550 Vanderbilt Ave, Brooklyn, NY 11238

2,300 SF retail space with 120 FT frontage.

Space Size2,300 SF
Days on Market933

Property Features for 550 Vanderbilt Ave

General Information

Standard status Active
Size 2,300 SF
Property subtype Retail

Building Details

Tenancy Multiple

Spaces For Lease

at 550 Vanderbilt Ave Contact us

Ground

Size
2,300 SF
Type
Retail
Availability
Active
Contact us
Listing Agency: MOD CRE
Listed By: Meyer Dagmy · License #NY 10491211186
Source: Crexi
Added: Jan 26, 2024 Changed: Aug 12 Last Checked: Aug 14 at 8:16AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of MOD CRE

Investment Insights

Based on property information with market context.

Located at 550 Vanderbilt Avenue in Prospect Heights, Brooklyn, this retail space offers a prime opportunity on the corner of Vanderbilt Avenue and Pacific Street. The space features 2,300 square feet with 120 feet of wraparound frontage. Situated on the busiest retail corridor in the neighborhood, the location is steps from multiple subway lines (2, 3, 4, 5, A, C, B, D, N, Q, R). The property is surrounded by established businesses and landmarks such as Van Leeuwen, Olmstead, and Barclays Center. The space can be divided and all uses are considered. Possession can be arranged. This location is ideal for a variety of retail businesses looking to capitalize on a high-traffic area.

Key Highlights

  • Prime location at the corner of Vanderbilt Ave & Pacific Street in Prospect Heights.
  • 2,300 SF space with 120 FT wraparound frontage.
  • Positioned on the busiest retail corridor in the neighborhood.

Property Analytics

Current Use

David Chang Music Tutoring Service 550 Vanderbilt Condominium Complex Dr. Shustina Physician ParaDocs Medical Services Medical Group Home depo Building Supply

Suggested Use

Top Pick Law Firm Auto Parts Store Nursing Home Building Supply (Bike/Boat/Book/etc) Store Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$22.50 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

7,140
Businesses Nearby
156k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 51% Shops & Services 37% Groceries 7% Home Improvements & Furnishings 5%
McDonald's Dining
56,606 visits/mo 0.1 miles
TD Bank Shops & Services
15,811 visits/mo 0.4 miles
Key Food Groceries
10,405 visits/mo 0.2 miles
Chipotle Mexican Grill Dining
9,346 visits/mo 0.4 miles
Mazzone Ace Hardware Home Improvements & Furnishings
8,493 visits/mo 0.4 miles

Demographics for 11238, NY

60,090
Population
29,588
Households
2
Avg Household Size
35
Median Age
71%
College-Educated
93%
High-School Grad
1.8 sq mi
ZIP Area
33,383
Density / Sq Mi
$132,957
Median Household Income
$85,179
Median Earnings
$2,511
Median Rent
$1,146,000
Median Home Value

Market

Lease Benchmarks for Brooklyn, NY

$54.47 /SF/Yr
Avg Asking Price
$8.63–$150 /SF/Yr
Price Range
3,792 SF
Avg Space Size

This space is priced 175% above the average of $54.47 /SF/Yr.

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Retail space - 2,300 SF retail space with 120 FT frontage.
Where is this retail space located?
The property is located at 550 Vanderbilt Ave Brooklyn, NY.
What is the lease rate?
The lease rate is $150 SF/Yr.
What are key features of this property?
This property features: Prime location at the corner of Vanderbilt Ave & Pacific Street in Prospect Heights.; 2,300 SF space with **120 FT wraparound frontage.**; Positioned on the busiest retail corridor in the neighborhood.
More about this property
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