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    980 Nostrand Ave Brooklyn, NY 11225

    For Lease
    $50 SF/Yr

    Prime Retail/Office Loft, 2000 sq ft

    Lot size:
    2,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 2,000 square foot retail/office space is located at 980 Nostrand Avenue and offers a unique blend of modern amenities and prime street visibility. Built in 2011, this single-tenant property boasts a stunning, renovated interior featuring 15-foot ceilings and abundant natural light from two walls of windows. The space benefits from over 100 feet of frontage on both Nostrand Avenue and Sullivan Place, ensuring high foot traffic and excellent brand exposure. Recent upgrades include a new HVAC unit, modern LED lighting, and stylish new floor tiles. The layout includes two bathrooms, a small pantry, and a built-out 10' x 11' office, providing flexibility for various business needs. This seven-story building offers a contemporary aesthetic and is ideally situated for businesses seeking a vibrant and accessible location. The property's combination of size, location, and recent renovations makes it an attractive opportunity for a discerning tenant. This is a rare chance to secure a high-profile space in a thriving commercial area.

    Property Features for 980 Nostrand Ave

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    2,000 SF

    Building Details

    Year Built
    2011
    Stories
    7

    Unit(s) available at that property

    Space
    Size
    2,000 SF
    Rate per SF
    $50

    HighLights

    • 2,000 square foot retail space, single‑tenant occupancy.
    • Renovated space with high ceilings (15 feet).
    • Excellent street frontage exceeding 100 feet on Nostrand Ave. and Sullivan Pl.
    • Recently installed HVAC system, new flooring, and LED lighting.
    • Includes two bathrooms and a small pantry.
    • Features a built‑out office (10' x 11').
    Property Profile Location Intelligence

    Current Use by Public Records

    Paradigm Rehabilitation Physician Referral Service

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon 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
    State
    New York
    Longitude
    -73.9511752
    Latitude
    40.664795

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    FAQs

    What type of property is this?
    Retail property - Prime Retail/Office Loft, 2000 sq ft
    Where is this retail property located?
    The property is located at 980 Nostrand Ave Brooklyn, NY.
    What is the lease rate?
    The lease rate is $50 SF/Yr.
    What are key features of this property?
    This property features: 2,000 square foot retail space, single-tenant occupancy.; Renovated space with high ceilings (15 feet).; Excellent street frontage exceeding 100 feet on Nostrand Ave. and Sullivan Pl.
    Request Owner's contact information
    980 Nostrand Ave Brooklyn, NY 11225
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    Brooklyn, NY 11225
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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
    980 Nostrand Ave Brooklyn, NY 11225
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