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    303 Wythe Ave Brooklyn, NY 11249

    Sponsored
    For Lease
    $89 SF/Yr

    5,700 SF Retail, Newly Renovated

    Lot size:
    5,700 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    399
    This exceptional Class A retail space, totaling 5,700 square feet, is ideally situated on Wythe Avenue, near the corner of South 2nd Street in the vibrant Williamsburg neighborhood. The property, housed in a single, five-story building constructed in 1990 and extensively renovated in 2023, offers multiple tenancy options. Currently, the entire 5,700 square feet is available, but the space is divisible to a minimum of 1,600 contiguous square feet, allowing for flexibility to suit various business needs. The building features modern amenities including direct power and elevators. Its prime location benefits from excellent accessibility to public transportation, with the Bedford L train and NYC Ferry located within a short distance. The surrounding area boasts a thriving mix of restaurants, bars, shops, and other amenities, including the Apple store, Whole Foods, Domino Park, and Roberta's Pizza, ensuring high foot traffic and visibility. This is a unique opportunity to establish a presence in one of Brooklyn's most sought-after retail destinations. The building's recent renovation ensures a modern and efficient space ready for immediate occupancy. The address offers unparalleled access to the area's bustling commercial activity and diverse residential population. This property presents a rare chance to secure a prominent retail location in a dynamic and rapidly growing market.

    Property Features for 303 Wythe Ave

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    5,700 SF
    Class
    A
    Total Rate
    42275

    Building Details

    Year Built/Renovated
    1990/2023
    Buildings
    1
    Stories
    5

    Unit(s) available at that property

    Space
    Available Space 1
    Size
    6,000 SF
    Rate per SF
    $115

    HighLights

    • 5,700 SF Class A retail building on Wythe Ave, fully vacant and available for lease.
    • Multiple suites available, ranging from 1,600 SF to 5,700 SF contiguous.
    • Recently renovated in 2023, with direct power and elevators in a 5‑story building.
    • Excellent Williamsburg location near Bedford L train, NYC Ferry, and numerous amenities.
    • Building features two suites, built in 1990.
    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
    State
    New York
    Longitude
    -73.965141748502
    Latitude
    40.714287255406

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    FAQs

    What type of property is this?
    Retail property - 5,700 SF Retail, Newly Renovated
    Where is this retail property located?
    The property is located at 303 Wythe Ave Brooklyn, NY.
    What is the lease rate?
    The lease rate is $115 SF/Yr.
    What are key features of this property?
    This property features: 5,700 SF Class A retail building on Wythe Ave, fully vacant and available for lease.; Multiple suites available, ranging from 1,600 SF to 5,700 SF contiguous.; Recently renovated in 2023, with direct power and elevators in a 5-story building.
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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
    303 Wythe Ave Brooklyn, NY 11249
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