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    584 5Th Ave Brooklyn, NY 11215

    For Lease
    $768 /Mo

    1,400 SF Retail/Office in Park Slope

    Lot size:
    1,400 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 1,400 square foot retail space at 584 5th Avenue in Brooklyn, New York, presents a unique opportunity for businesses seeking a vibrant location. Situated in the heart of Park Slope, this single-tenant property offers high visibility and foot traffic. The space is classified as both retail and office, providing flexibility for a variety of uses. Its convenient location, less than a block from the subway at Prospect Avenue and near the Prospect Park Expressway, ensures easy accessibility for customers and employees. The property's address is 584 5th Avenue, Brooklyn, NY 11215, in Kings County. The cross streets are Prospect Avenue and 16th Street. This prime location within a thriving neighborhood makes it an ideal space for businesses looking to establish or expand their presence. The property's versatility and convenient access to public transportation and major roadways make it a highly desirable commercial space. This is a single-tenant occupancy property, offering a unique opportunity for a business to establish a strong presence in a high-demand area. The space's size and location make it suitable for a wide range of retail and office businesses.

    Property Features for 584 5Th Ave

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,400 SF
    Total Rate
    768

    Unit(s) available at that property

    Space
    Size
    1,400 SF
    Rate per SF
    $768

    HighLights

    • Thriving neighborhood with unique shops and restaurants, including Black Horse and Young Ethel's.
    • Growing population ensures high foot traffic.
    • Prime location near Prospect Park, Barclays Center, and New York‑Presbyterian Brooklyn Methodist Hospital.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    CNS Family Hardware Hardware Store

    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
    -73.990121361204
    Latitude
    40.664591054466

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    FAQs

    What type of property is this?
    Office Property / Space - 1,400 SF Retail/Office in Park Slope
    Where is this office property / space located?
    The property is located at 584 5Th Ave Brooklyn, NY.
    What is the lease rate?
    The lease rate is $768 /Mo.
    What are key features of this property?
    This property features: Thriving neighborhood with unique shops and restaurants, including Black Horse and Young Ethel's.; Growing population ensures high foot traffic.; Prime location near Prospect Park, Barclays Center, and New York-Presbyterian Brooklyn Methodist Hospital.
    Request Owner's contact information
    584 5Th Ave Brooklyn, NY 11215
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    Brooklyn, NY 11215
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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
    584 5Th Ave Brooklyn, NY 11215
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