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    274 55Th St 1 Brooklyn, NY 11220

    Sponsored
    For Lease
    $556 /Mo ($121 SF/Yr)

    55 sq ft Retail Space in Brooklyn

    Lot size:
    55 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    398
    This exceptional 55-square-foot retail space, located at 274 55th Street, Unit 1 in Brooklyn, NY 11220, presents a unique investment opportunity. Situated on a 2,000-square-foot lot, this single-tenant property boasts a charming 1910 construction with high ceilings ranging from 11 to 15 feet. Ideal for a variety of businesses, this space is particularly well-suited for a beauty salon, spa, or office. The property's location in Kings County (Brooklyn) offers excellent visibility and accessibility. The building's compact size makes it an efficient and cost-effective option for a small business owner. The property is zoned for retail use and is not suitable for food restaurants. This is a rare opportunity to acquire a well-located, historically significant retail space in a thriving Brooklyn neighborhood. The property's size and unique character make it an attractive option for entrepreneurs seeking a distinctive business location. The high ceilings add to the space's appeal, providing ample room for creative design and layout. This property offers a blend of historical charm and modern functionality, making it an ideal investment for those seeking a unique and profitable venture. The address is 274 55th Street, Unit 1, Brooklyn, NY 11220.

    Property Features for 274 55Th St 1

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    55 SF
    Total Rate
    556.36

    Building Details

    Year Built
    1910

    Unit(s) available at that property

    Space
    274 55th Street 1
    Size
    55 SF
    Rate per SF
    $556
    Property Profile Location Intelligence

    Current Use by Public Records

    Lawsheca, PLLC Law Firm Multiservice connections Clothing Store

    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
    -74.0180456
    Latitude
    40.6450835

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    FAQs

    What type of property is this?
    Retail property - 55 sq ft Retail Space in Brooklyn
    Where is this retail property located?
    The property is located at 274 55Th St 1 Brooklyn, NY.
    What is the lease rate?
    The lease rate is $556 /Mo.
    Request Owner's contact information
    274 55Th St 1 Brooklyn, NY 11220
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    Brooklyn, NY 11220
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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
    274 55Th St 1 Brooklyn, NY 11220
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