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    532 Neptune Ave Brooklyn, NY 11224

    For Lease
    $65 SF/Yr

    Brand new, 13 suites, flexible layouts.

    Lot size:
    40,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional commercial property at 532 Neptune Avenue in Brooklyn, NY, offers 40,000 square feet of prime office and retail space. Located between West 5th Street and West 6th Street (zip code 11224), this newly constructed building boasts thirteen individual suites ranging in size from 1,264 to 6,306 square feet, providing flexibility for various business needs. Units can be combined to accommodate larger tenants. The property is zoned R6, C1-2, and OP, allowing for a diverse range of commercial uses. On-site parking is available for added convenience. The building offers a built-to-suit option for tenants seeking customized spaces. Anticipated occupancy is Q3 2025. The rental rate is $65 per square foot. This is a unique opportunity to secure space in a brand-new, well-located commercial building in a thriving Brooklyn neighborhood. Inquire today to learn more about leasing opportunities.

    Property Features for 532 Neptune Ave

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    40,000 SF
    Total Rate
    216666.67

    Unit(s) available at that property

    Space
    Unit 1
    Size
    2,555 SF
    Rate per SF
    $65
    Space
    Unit 2
    Size
    1,705 SF
    Rate per SF
    $65
    Space
    Unit 3
    Size
    4,300 SF
    Rate per SF
    $65
    Space
    Unit 4
    Size
    4,645 SF
    Rate per SF
    $65
    Space
    Unit 5
    Size
    3,870 SF
    Rate per SF
    $65
    Space
    Unit 6
    Size
    3,675 SF
    Rate per SF
    $65
    Space
    Unit 7
    Size
    4,170 SF
    Rate per SF
    $65
    Space
    Unit 8
    Size
    6,306 SF
    Rate per SF
    $65
    Space
    Unit 9
    Size
    1,562 SF
    Rate per SF
    $65
    Space
    Unit 10
    Size
    1,863 SF
    Rate per SF
    $65
    Space
    Unit 11
    Size
    1,650 SF
    Rate per SF
    $65
    Space
    Unit 12
    Size
    1,672 SF
    Rate per SF
    $65
    Space
    Unit 13
    Size
    1,264 SF
    Rate per SF
    $65

    HighLights

    • 40,000 square feet of prime office and retail space in a newly constructed building at 532 Neptune Avenue, Brooklyn, NY 11224.
    • Thirteen individual suites ranging from 1,264 to 6,306 square feet, combinable for larger tenants.
    • Zoned R6, C1‑2, and OP, allowing diverse commercial uses.
    • On‑site parking available.
    • Built‑to‑suit options available.
    • $65/SF rental rate; anticipated Q3 2025 occupancy.
    Property Profile Location Intelligence

    Current Use by Public Records

    Pep Bakehouse & Coffee ... Coffee Shop Anne E. Levy, ... Doctor CVS Pharmacy Pharmacy CVS Drug Store Brothers Bagels Bakery

    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
    -73.9739589
    Latitude
    40.5793546

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    FAQs

    What type of property is this?
    Office Property / Space - Brand new, 13 suites, flexible layouts.
    Where is this office property / 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: 40,000 square feet of prime office and retail space in a newly constructed building at 532 Neptune Avenue, Brooklyn, NY 11224.; Thirteen individual suites ranging from 1,264 to 6,306 square feet, combinable for larger tenants.; Zoned R6, C1-2, and OP, allowing diverse commercial uses.
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    532 Neptune Ave Brooklyn, NY 11224
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    Brooklyn, NY 11224
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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
    532 Neptune Ave Brooklyn, NY 11224
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