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New Retail and Office Space
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532 Neptune Ave, Brooklyn, NY 11224

New construction retail and office spaces available for rent.

Space Size1,836 SF - 4,964 SF
Property Size40,000 SF
Days on Market769

Property Features for 532 Neptune Ave

General Information

Standard status Active
Size 1,836 SF - 4,964 SF
Property subtype Retail, Office

Building Details

Building Size 40,000 SF
Tenancy Multiple

Spaces For Lease

at 532 Neptune Ave Contact us

Unit 2

Size
1,836 SF
Type
Office, Retail
Availability
Active
Contact us

Unit 3

Size
4,633 SF
Type
Office, Retail
Availability
Active
Contact us

Unit 4

Size
4,964 SF
Type
Office, Retail
Availability
Active
Contact us

Unit 5

Size
4,148 SF
Type
Office, Retail
Availability
Active
Contact us

Unit 7

Size
3,511 SF
Type
Office, Retail
Availability
Active
Contact us
Listing Agency: Commercial Acquisitions
Listed By: Arsen Atbashyan · License #NY 0000
Source: Crexi
Added: Jul 9, 2024 Changed: Aug 8 Last Checked: Aug 13 at 11:32AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Commercial Acquisitions

Investment Insights

Based on property information with market context.

This property features brand new construction with available spaces ranging from 1,600 to 47,000 square feet. Units can be combined, and built-to-suit options are available. The property includes 14 commercial units and on-site parking. Occupancy is slated for Q3 2025. The rental rate is $65 per square foot.

Key Highlights

  • Q3 2025 Occupancy
  • Brand new construction
  • Units can be combined

Property Analytics

Current Use

Pep Bakehouse & Coffee ... Cafe & Coffee Shop Anne E. Levy, ... Physician CVS Pharmacy Pharmacy CVS Pharmacy Brothers Bagels Bakery

Suggested Use

Top Pick Real Estate Agency Law Firm Catering Service Nursing Home Electrical Service Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$9.75 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

3,342
Businesses Nearby

Demographics for 11224, NY

46,019
Population
21,354
Households
2.2
Avg Household Size
46
Median Age
33%
College-Educated
82%
High-School Grad
1.6 sq mi
ZIP Area
28,762
Density / Sq Mi
$41,449
Median Household Income
$41,233
Median Earnings
$905
Median Rent
$512,900
Median Home Value

Market

Lease Benchmarks for Brooklyn, NY

$54.47 /SF/Yr
Avg Asking Price
$8.63–$150 /SF/Yr
Price Range
3,792 SF
Avg Space Size

This space is priced 19% above the average of $54.47 /SF/Yr.

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Retail space - New construction retail and office spaces available for rent.
Where is this retail space located?
The property is located at 532 Neptune Ave Brooklyn, NY.
What is the lease rate?
The lease rate is $65 SF/Yr.
What are key features of this property?
This property features: Q3 2025 Occupancy; Brand new construction; Units can be combined
(718) 517-8700 Call to check price and availability
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