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    1940 Shore Pkwy Brooklyn, NY 11214

    For Lease
    $38 SF/Yr

    Modern 20,000 sq ft office, 23 parking spaces.

    Lot size:
    20,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 20,000-square-foot single-tenant office building at 1940 Shore Parkway in Brooklyn, NY 11214, presents a unique opportunity. Completed in 2024, this state-of-the-art building boasts a modern design and is fully vacant, offering immediate occupancy. The property features 23 conveniently located parking spaces for tenants and their guests. An elevator ensures easy access to all floors. The building is zoned R4 and is situated near Bay 44th St, offering excellent accessibility. The building's design incorporates a rooftop outdoor area, providing a unique amenity for tenants. This versatile space is ideal for a variety of uses, and notably, it has already received pre-approval for use as a daycare facility. The available space is flexible, accommodating needs ranging from 6,000 to 20,000 square feet. This is a built-to-suit property, offering a rare chance to occupy a brand-new, modern office space in a desirable Brooklyn location. The property is classified as a traditional office building and is perfect for a single tenant seeking a modern and functional workspace.

    Property Features for 1940 Shore Pkwy

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    20,000 SF
    Total Rate
    63333.33

    Building Details

    Year Built
    2024

    Unit(s) available at that property

    Space
    Size
    21,000 SF
    Rate per SF
    $38

    HighLights

    • 20,000 SF single‑tenant office building in Brooklyn, NY.
    • Newly constructed in 2024, fully vacant and ready for immediate occupancy.
    • Features 23 parking spaces and an elevator.
    • R4 zoning, near Bay 44th St, with excellent accessibility.
    • Includes a rooftop outdoor area.
    • Pre‑approved for daycare use; flexible space accommodating 6,000‑20,000 SF.
    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
    -73.9929948
    Latitude
    40.5884883

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    FAQs

    What type of property is this?
    Office Property / Space - Modern 20,000 sq ft office, 23 parking spaces.
    Where is this office property / space located?
    The property is located at 1940 Shore Pkwy Brooklyn, NY.
    What is the lease rate?
    The lease rate is $38 SF/Yr.
    What are key features of this property?
    This property features: 20,000 SF single-tenant office building in Brooklyn, NY.; Newly constructed in 2024, fully vacant and ready for immediate occupancy.; Features 23 parking spaces and an elevator.
    Request Owner's contact information
    1940 Shore Pkwy Brooklyn, NY 11214
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    Brooklyn, NY 11214
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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
    1940 Shore Pkwy Brooklyn, NY 11214
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