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    2874 Nostrand Ave Brooklyn, NY 11229

    For Lease
    $23 SF/Yr ($4,500 /Mo)

    Brooklyn Office/Restaurant, 2300 sq ft

    Lot size:
    2,300 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 2,300 square foot commercial property at 2874 Nostrand Avenue in Brooklyn, NY, presents a unique investment opportunity. Built in 1931, this two-story building sits on a 2,100 square foot lot in the Kings County neighborhood and offers a single-tenant occupancy. The space is ideally suited for use as an office or restaurant, boasting a versatile layout that includes 1300 square feet on the main level and an additional 1000 square feet of finished basement space. Key features include central air conditioning, a bathroom, and high ceilings. Utilities are conveniently handled with hot water and gas included in the $4,500 monthly rent

    Property Features for 2874 Nostrand Ave

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    2,300 SF
    Total Rate
    4500.33

    Building Details

    Year Built
    1931
    Stories
    2

    Unit(s) available at that property

    Space
    2874 Nostrand Avenue
    Size
    2,300 SF
    Rate per SF
    $23

    HighLights

    • 2,300 SF commercial building at 2874 Nostrand Avenue, Brooklyn, NY.
    • Built in 1931, situated on a 2,100 SF lot in Kings County.
    • Single‑tenant occupancy, ideal for office or restaurant use.
    • Features 1,300 SF main level and 1,000 SF finished basement.
    • Includes central AC, one bathroom, and high ceilings.
    • $4,500 monthly rent, including hot water and gas.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Fleischman Schulof & Schreiber Accountant

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office 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
    Brooklyn
    County
    Kings (Brooklyn)
    State
    New York
    Longitude
    -73.9447649
    Latitude
    40.61421

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    FAQs

    What type of property is this?
    Restaurant - Brooklyn Office/Restaurant, 2300 sq ft
    Where is this restaurant located?
    The property is located at 2874 Nostrand Ave Brooklyn, NY.
    What is the lease rate?
    The lease rate is $23 SF/Yr.
    What are key features of this property?
    This property features: 2,300 SF commercial building at 2874 Nostrand Avenue, Brooklyn, NY.; Built in 1931, situated on a 2,100 SF lot in Kings County.; Single-tenant occupancy, ideal for office or restaurant use.
    Request Owner's contact information
    2874 Nostrand Ave Brooklyn, NY 11229
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    Brooklyn, NY 11229
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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
    2874 Nostrand Ave Brooklyn, NY 11229
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