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    1823 Avenue U Brooklyn, NY 11229

    For Lease
    $137 SF/Yr ($3,999 /Mo)

    Prime 350 sq ft Retail Space, High Visibility

    Lot size:
    350 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional 350-square-foot retail space is situated in the bustling Sheepshead Bay neighborhood of Brooklyn, Kings County, at a prominent corner location offering unparalleled visibility. Built in 1925, this two-story building houses a single-tenant space ideal for a variety of retail or service businesses. The property presents a fantastic opportunity for customization, as some renovations are needed, allowing a new tenant to tailor the space to their specific business requirements. The location ensures high foot traffic, making it perfect for small businesses seeking a strong presence in a busy commercial area. The space is approximately 350 square feet and benefits from excellent natural light. Tenants are responsible for electricity and 7% of the water bill. Please note that food-related businesses are not permitted in this location. This corner storefront represents a unique chance to establish a thriving business in one of Brooklyn's most dynamic and active commercial districts. The property's historical charm, combined with its modern potential, makes it an attractive investment for entrepreneurs seeking a high-traffic location with significant growth potential. Don't miss this chance to secure a prime retail space in a vibrant and thriving community.

    Property Features for 1823 Avenue U

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    350 SF
    Total Rate
    3999.04

    Building Details

    Year Built
    1925
    Stories
    2

    Unit(s) available at that property

    Space
    1823 Avenue U
    Size
    350 SF
    Rate per SF
    $137

    HighLights

    • Retail property totaling 350 square feet.
    • Single‑tenant occupancy.
    • Located in Kings County (Brooklyn), built in 1925, two‑story building.
    • Prime corner location in Sheepshead Bay with high visibility.
    • Tenant responsible for electricity and 7% of water.
    • Requires renovations; ideal for customization.
    Property Profile Location Intelligence

    Current Use by Public Records

    Dr. Wireless Electronics Store Denezhko Computer Store

    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
    -73.9528309
    Latitude
    40.5994263

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    FAQs

    What type of property is this?
    Retail property - Prime 350 sq ft Retail Space, High Visibility
    Where is this retail property located?
    The property is located at 1823 Avenue U Brooklyn, NY.
    What is the lease rate?
    The lease rate is $137 SF/Yr.
    What are key features of this property?
    This property features: Retail property totaling 350 square feet.; Single-tenant occupancy.; Located in Kings County (Brooklyn), built in 1925, two-story building.
    Request Owner's contact information
    1823 Avenue U 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
    1823 Avenue U Brooklyn, NY 11229
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