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    33 Franklin St Brooklyn, NY 11222

    Sponsored
    For Lease
    $75 SF/Yr

    Prime Greenpoint retail, 5,694 sq ft, high visibility.

    Lot size:
    5,694 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    399
    This exceptional 5,694 square foot retail space at 33 Franklin Street in Brooklyn, New York, presents a unique opportunity for a discerning tenant. Located in the vibrant Greenpoint neighborhood, this single-tenant property enjoys a high-profile corner location at the intersection of Franklin and Quay Streets, ensuring maximum visibility and foot traffic. The space is currently vacant and offers significant flexibility. Its design allows for easy subdivision into three separate units, ranging in size from approximately 1,500 square feet to 4,000 square feet, catering to a variety of business needs. The building features modern architectural elements, including a striking glass facade, enhancing its aesthetic appeal. Practical features include pre-installed venting systems and a private outdoor space, complemented by access to a second interior courtyard. The property is situated beneath a newly constructed high-end building, further enhancing its desirability. The zoning designation is M1-2 | R6B, within Kings County, and the property's address is 33 Franklin Street, Brooklyn, NY 11222. This prime location and adaptable space make it an ideal investment for a variety of retail businesses seeking a prominent presence in a thriving Brooklyn neighborhood.

    Property Features for 33 Franklin St

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    5,694 SF
    Total Rate
    35587.5

    Unit(s) available at that property

    Space
    Available Space
    Size
    5,694 SF
    Rate per SF
    $85

    HighLights

    • Ideal for a flagship food and beverage tenant.
    • Subdivisible into up to three independent spaces.
    • Equipped with commercial kitchen exhaust venting.
    • Features a private patio.
    • Boasts high ceilings.
    Property Profile Location Intelligence

    Current Use by Public Records

    Franklin Court Apartment Building

    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
    -73.9575073
    Latitude
    40.7264756

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    FAQs

    What type of property is this?
    Retail property - Prime Greenpoint retail, 5,694 sq ft, high visibility.
    Where is this retail property located?
    The property is located at 33 Franklin St Brooklyn, NY.
    What is the lease rate?
    The lease rate is $85 SF/Yr.
    What are key features of this property?
    This property features: Ideal for a flagship food and beverage tenant.; Subdivisible into up to three independent spaces.; Equipped with commercial kitchen exhaust venting.
    Request Owner's contact information
    33 Franklin St Brooklyn, NY 11222
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    Brooklyn, NY 11222
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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
    33 Franklin St Brooklyn, NY 11222
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