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    223 Chestnut St Brooklyn, NY 11208

    Sponsored
    For Lease
    $25 SF/Yr

    Two Suites Available, 3,236-4,008 SF

    Lot size:
    1,294,400 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional commercial property at 223-227 Chestnut Street in Brooklyn, NY 11208, offers two available retail spaces ideal for a variety of community facility uses. Located in a vibrant Brooklyn neighborhood, this property boasts a total of 1,294,400 square feet across two suites. Each suite offers ample space, with one measuring 3,236 square feet and the other 4,008 square feet, providing flexibility for businesses of varying sizes. The minimum divisible space is 3,236 square feet, ensuring efficient use of the property. Currently, there is a total of 7,244 square feet of vacant space available for lease. The property's address is 223 Chestnut Street, Brooklyn, NY 11208, and its precise coordinates are 40.6824826 latitude and -73.8752267 longitude. This presents a unique opportunity to establish a presence in a thriving area. The property is classified as both retail and a community facility, making it suitable for a wide range of businesses. The building's size and layout offer significant potential for growth and expansion. Contact us today to learn more about this exciting opportunity.

    Property Features for 223 Chestnut St

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,294,400 SF
    Total Rate
    2696666.67

    Unit(s) available at that property

    Space
    4,008 RSF
    Size
    4,008 SF
    Rate per SF
    $25
    Space
    3,236 RSF
    Size
    3,236 SF
    Rate per SF
    $25

    HighLights

    • Convenient access to J, Z subway lines and Q24 & B13 bus routes.
    • Located within a large, new 1,200‑unit multifamily development.
    • Asking rent: $25 per square foot.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    -73.8752267
    Latitude
    40.6824826

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    FAQs

    What type of property is this?
    Retail property - Two Suites Available, 3,236-4,008 SF
    Where is this retail property located?
    The property is located at 223 Chestnut St Brooklyn, NY.
    What is the lease rate?
    The lease rate is $25 SF/Yr.
    What are key features of this property?
    This property features: Convenient access to J, Z subway lines and Q24 & B13 bus routes.; Located within a large, new 1,200-unit multifamily development.; Asking rent: $25 per square foot.
    Request Owner's contact information
    223 Chestnut St Brooklyn, NY 11208
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    Brooklyn, NY 11208
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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
    223 Chestnut St Brooklyn, NY 11208
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