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    721 St Nicholas Ave New York, NY 10031

    For Sale
    $1,400,000

    Two-unit office/retail, 4,576 sq ft

    Property size:
    4,576 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    This exceptional commercial property, located at 721 St Nicholas Avenue in the vibrant Brooklyn, New York (Manhattan) area, presents a unique investment opportunity. Boasting a total of 4,576 square feet, this property features two distinct units, ideal for a variety of uses, including office and retail spaces. The building sits on a 2,000 square foot lot, providing ample space and potential for future development or expansion. The interior features attractive ceiling heights ranging from 8 to 10 feet, offering a spacious and comfortable environment for tenants and employees. The asking price for this prime commercial real estate is $1,400,000. Situated in the 10031 zip code, this property benefits from excellent accessibility and visibility, making it an attractive location for businesses seeking a strong presence in a thriving New York City neighborhood. The property's location at the intersection of St. Nicholas Avenue offers convenient access to public transportation, local amenities, and a diverse customer base. This is a rare opportunity to acquire a well-positioned commercial property in a high-demand area of New York City. Don't miss out on this chance to own a piece of Brooklyn's dynamic commercial landscape. Contact us today to schedule a viewing.

    Property Features for 721 St Nicholas Ave

    General Information

    Property type
    Retail properties
    Square Feet
    4,576 SF

    Building Details

    Units
    2

    HighLights

    • Exceptional 4,576 sq ft commercial property in Brooklyn, NY (Manhattan area).
    • Two units ideal for office and retail use.
    • 2,000 sq ft lot with expansion potential.
    • 8‑10 ft ceiling heights.
    • $1,400,000 asking price.
    • Excellent location in 10031 zip code with high visibility and accessibility.
    Property Profile Location Intelligence

    Current Use by Public Records

    Isalis Gift Shop Party City Party Store Skunk Funk Wholesaler Carl's Trading Co Hat Shop Bushka's Kitchen LLC Outdoor Clothing And Equipment Shop

    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
    New York
    County
    New York (Manhattan)
    State
    New York
    Longitude
    -73.9446272
    Latitude
    40.8247433

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    FAQs

    What type of property is this?
    Retail property - Two-unit office/retail, 4,576 sq ft
    Where is this retail property located?
    The property is located at 721 St Nicholas Ave New York, NY.
    What is the asking price?
    The asking price for this property is $1,400,000.
    What are key features of this property?
    This property features: Exceptional 4,576 sq ft commercial property in Brooklyn, NY (Manhattan area).; Two units ideal for office and retail use.; 2,000 sq ft lot with expansion potential.
    Request Owner's contact information
    721 St Nicholas Ave New York, NY 10031
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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
    721 St Nicholas Ave New York, NY 10031
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