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    617 Washington Ave Brooklyn, NY 11238

    Sponsored
    For Lease
    $34 SF/Yr ($3,999 /Mo)

    1,382 SF, 2-Story Building, 11-15' Ceilings

    Lot size:
    1,382 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    396
    This exceptional 1,382 square foot commercial property, located at 617 Washington Avenue in Brooklyn, NY, presents a unique investment opportunity. The building, constructed in 1930, features a single tenant occupancy across two stories, offering versatility for a variety of businesses. The main level boasts impressive 11-15 foot ceilings, creating an open and spacious feel. A 350 square foot semi-finished basement provides additional storage or expansion potential. The lot size is 1,115 square feet, situated in Kings County (Brooklyn), zip code 11238. The property is classified as both retail and office space, making it suitable for a range of uses. A 10-year lease is available, offering long-term stability. The monthly rent, inclusive of property taxes, is notably low, presenting a compelling financial advantage. This property's combination of size, location, and attractive lease terms makes it an ideal choice for discerning investors seeking a strong return on investment. The property's central Brooklyn location offers excellent visibility and accessibility. Serious inquiries are encouraged to explore the full potential of this remarkable commercial space.

    Property Features for 617 Washington Ave

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,382 SF
    Total Rate
    3999.74

    Building Details

    Year Built
    1930
    Stories
    2

    Unit(s) available at that property

    Space
    617 Washington Avenue
    Size
    1,382 SF
    Rate per SF
    $34

    HighLights

    • 1,382 sq ft commercial building at 617 Washington Avenue, Brooklyn, NY 11238.
    • Two‑story building with single tenant occupancy, offering retail and office space flexibility.
    • Main level features 11‑15 ft ceilings; 350 sq ft semi‑finished basement.
    • 1,115 sq ft lot size in a prime Brooklyn location.
    • Available 10‑year lease with low monthly rent (including taxes).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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 (Brooklyn)
    State
    New York
    Longitude
    -73.9637758
    Latitude
    40.6790419

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    FAQs

    What type of property is this?
    Office Property / Space - 1,382 SF, 2-Story Building, 11-15' Ceilings
    Where is this office property / space located?
    The property is located at 617 Washington Ave Brooklyn, NY.
    What is the lease rate?
    The lease rate is $34 SF/Yr.
    What are key features of this property?
    This property features: 1,382 sq ft commercial building at 617 Washington Avenue, Brooklyn, NY 11238.; Two-story building with single tenant occupancy, offering retail and office space flexibility.; Main level features 11-15 ft ceilings; 350 sq ft semi-finished basement.
    Request Owner's contact information
    617 Washington Ave Brooklyn, NY 11238
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    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
    617 Washington Ave Brooklyn, NY 11238
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