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    5700 1St Ave Brooklyn, NY 11220

    Sponsored
    For Lease
    $17 SF/Yr

    Spacious Brooklyn flex space, ideal for creative businesses.

    Lot size:
    170,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 6,000 square foot space is part of a larger 170,000 square foot multi-tenant building located at 5700 1st Ave, Brooklyn, NY 11220, near the cross street of 56th Street in Kings County. Built in 1910, this four-story building offers a unique blend of office and industrial space, perfect for creative businesses seeking a flexible layout. The loft-style unit boasts high ceilings and a wide-open floor plan, easily adaptable to various needs. Large windows provide abundant natural light. The property features excellent freight access and a heavy floor load capacity, making it suitable for a range of uses, from studios and workshops to offices and warehouses. The building's industrial heritage is complemented by modern amenities, creating a dynamic and inspiring work environment. This prime location in Sunset Park offers easy access to major transportation routes and a vibrant community. The asking price is a highly competitive $17 per square foot. This is a rare opportunity to secure a versatile and well-located space in a thriving Brooklyn neighborhood.

    Property Features for 5700 1St Ave

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    170,000 SF
    Total Rate
    240833.33

    Building Details

    Year Built
    1910
    Stories
    4

    Unit(s) available at that property

    Space
    Warehouse / Creative / Flex Space
    Size
    6,000 SF
    Rate per SF
    $17

    HighLights

    • 6,000 square foot loft‑style space in a 170,000 square foot multi‑tenant building.
    • Located at 5700 1st Ave, Brooklyn, NY 11220, near 56th Street.
    • High ceilings, open floor plan, and abundant natural light.
    • Excellent freight access and heavy floor load capacity.
    • $17 per square foot asking price.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing 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
    -74.0240695
    Latitude
    40.6466488

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    FAQs

    What type of property is this?
    Office space - Spacious Brooklyn flex space, ideal for creative businesses.
    Where is this office space located?
    The property is located at 5700 1St Ave Brooklyn, NY.
    What is the lease rate?
    The lease rate is $17 SF/Yr.
    What are key features of this property?
    This property features: 6,000 square foot loft-style space in a 170,000 square foot multi-tenant building.; Located at 5700 1st Ave, Brooklyn, NY 11220, near 56th Street.; High ceilings, open floor plan, and abundant natural light.
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    Brooklyn, NY 11220
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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
    5700 1St Ave Brooklyn, NY 11220
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