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    1616 Voorhies Ave Brooklyn, NY 11235

    Sponsored
    For Sale
    $995,000

    Prime Sheepshead Bay location, 8,000 sq ft lot.

    Property size:
    6,400 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 8,000 square foot commercial lot is situated in the desirable Sheepshead Bay neighborhood of Brooklyn, New York, at 1616 Voorhies Avenue, zip code 11235. The property is listed at $995,000 and offers significant potential for various commercial ventures. Currently housing a well-established and profitable hair salon with a long-term lease (7.5 years remaining with a 5-year option), the property boasts impressive financial performance. The salon generates a total annual income of $480,000 ($40,000 monthly) with low annual expenses of $178,200, resulting in a substantial net income of $301,800 per year. The building features a ceiling height ranging from 11 to 15 feet. The property's convenient location is a key asset, being just half a block from the Sheepshead Bay train station, and in close proximity to the Sheepshead Bay Road shopping center, numerous restaurants, and Emmons Avenue. This presents a unique opportunity to acquire a high-performing commercial property in a thriving Brooklyn location. The lot size is 8,000 square feet, with a total building square footage of 6,400 square feet. This property is ideal for investors seeking a strong return on investment in a prime commercial area.

    Property Features for 1616 Voorhies Ave

    General Information

    Property type
    Land
    Square Feet
    6,400 SF

    Building Details

    Units
    1

    HighLights

    • $995,000 asking price.
    • 6,400 square foot land parcel.
    • 8,000 square foot lot size.
    • 11‑15 foot ceiling height.
    • Located at 1616 Voorhies Avenue, Brooklyn, NY 11235.
    Property Profile Location Intelligence

    Current Use by Public Records

    Photographer & Video content ... Photography Service DadimedNYC Cosmetic Surgeon Marina Diagnostic Lab Medical Laboratory MA Esthetics Beauty Salon Nailsquad_nyc Nail Salon

    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 (Brooklyn)
    State
    New York
    Longitude
    -73.9523247
    Latitude
    40.5858047

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    FAQs

    What type of property is this?
    Land - Prime Sheepshead Bay location, 8,000 sq ft lot.
    Where is this land located?
    The property is located at 1616 Voorhies Ave Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $995,000.
    What are key features of this property?
    This property features: $995,000 asking price.; 6,400 square foot land parcel.; 8,000 square foot lot size.
    Request Owner's contact information
    1616 Voorhies Ave Brooklyn, NY 11235
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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
    1616 Voorhies Ave Brooklyn, NY 11235
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