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    443 7Th Ave Brooklyn, NY 11215

    Sponsored
    For Sale
    $565,000

    High-traffic 450 SF retail unit

    Property size:
    450 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 450-square-foot retail space is ideally situated at 443 Seventh Avenue in the heart of Park Slope, Brooklyn, NY 11215. Located on a bustling thoroughfare, this property benefits from high foot traffic and visibility within a vibrant neighborhood known for its strong sense of community, tree-lined streets, and historic architecture. The area boasts a diverse mix of residents, including families, young professionals, and artists, creating a consistent customer base. The property's prime location offers easy access to public transportation, providing convenient connections to both Brooklyn and Manhattan. Nearby attractions include Prospect Park, the Brooklyn Museum, and the Brooklyn Botanic Garden, further enhancing the area's appeal and drawing in a large number of visitors. The property generates a Net Operating Income (NOI) of $33,271, making it an attractive investment opportunity. This single-unit retail space presents a unique chance to establish or expand a business in a thriving and highly sought-after Brooklyn neighborhood. The asking price for this exceptional property is $565,000.

    Property Features for 443 7Th Ave

    General Information

    Property type
    Retail properties
    Square Feet
    450 SF

    Building Details

    Units
    1
    Property Profile Location Intelligence

    Current Use by Public Records

    Berryccino - Edible Chocolate ... Confectionery Store Trufflez Vape Shop Smoke Shop Margate Atlantic Properties Real Estate Agency Berryccino Gift Shop Stoop Juice Juice Shop

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Clothing Store Nail Salon 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
    -73.9844539
    Latitude
    40.6630077

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    FAQs

    What type of property is this?
    Retail property - High-traffic 450 SF retail unit
    Where is this retail property located?
    The property is located at 443 7Th Ave Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $565,000.
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    443 7Th 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
    443 7Th Ave Brooklyn, NY 11215
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