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    509 Nostrand Ave Between Herkimer & Fulton St Brooklyn, NY 11216

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    For Lease
    Contact for pricing

    2,600 SF Vacant Retail Space in Brooklyn

    Lot size:
    2,600 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional retail space, located at 509 Nostrand Avenue in Brooklyn, New York, presents a unique opportunity for a discerning tenant. Situated between Herkimer and Fulton Streets in Kings County, zip code 11216, this single-tenant property offers 2,600 square feet of vacant space, ideal for a variety of commercial uses. The property is classified as retail commercial real estate. The precise total building square footage is not currently available. This prime location in Brooklyn offers excellent visibility and accessibility, making it an attractive proposition for businesses seeking a high-traffic area. The property's address is easily identifiable and conveniently situated within a bustling commercial district. The geographic coordinates are 40.6802427 latitude and -73.9467502 longitude. This space is currently available for lease and presents a blank canvas for a business to establish its presence in a vibrant and growing neighborhood. Serious inquiries are encouraged to explore the potential of this exceptional retail opportunity. The property is located in a dynamic area of Brooklyn, offering significant potential for growth and success. Further details are available upon request.

    Property Features for 509 Nostrand Ave Between Herkimer & Fulton St

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    2,600 SF

    Unit(s) available at that property

    Space
    Ground Floor & Basement
    Size
    2,600 SF

    HighLights

    • Prime retail space on Nostrand Avenue, Brooklyn.
    • High‑visibility storefront.
    • Exceptional opportunity for lease in a high‑traffic area.
    • Conveniently located near the Nostrand Avenue subway station.
    • Strong national co‑tenancy on Nostrand Avenue.
    • High foot and vehicle traffic.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.9467502
    Latitude
    40.6802427

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    FAQs

    What type of property is this?
    Retail property - 2,600 SF Vacant Retail Space in Brooklyn
    Where is this retail property located?
    The property is located at 509 Nostrand Ave Between Herkimer & Fulton St Brooklyn, NY.
    What are key features of this property?
    This property features: Prime retail space on Nostrand Avenue, Brooklyn.; High-visibility storefront.; Exceptional opportunity for lease in a high-traffic area.
    Request Owner's contact information
    509 Nostrand Ave Between Herkimer & Fulton St Brooklyn, NY 11216
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    509 Nostrand Ave Between Herkimer & Fulton St
    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
    509 Nostrand Ave Between Herkimer & Fulton St Brooklyn, NY 11216
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