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Property profile

115 Broadway Brooklyn, NY 11249

OFF-MARKET
Retail properties & Spaces
View Sample
5,400 SF

Property summary

AI-generated overview

This exceptional 5,400-square-foot medical office space is ideally situated at 115 Broadway, Brooklyn, NY 11249, on the corner of Bedford Avenue. The single-tenant property boasts 120 feet of frontage on a public plaza, offering ample opportunity for outdoor seating. With east and south-facing exposures, the space enjoys excellent natural light throughout the day. Approved plans are in place, making it suitable for build-to-suit or ground lease arrangements. The lot size is 1,400 square feet, and the building includes an elevator. The property is zoned C4-3 and located in the vibrant Williamsburg submarket, a thriving area with a population of 162,000 and an average household income of $118,000 annually. The strategic location benefits from the recent completion or near-completion of 4,411 new Class A apartments along the Williamsburg waterfront, ensuring a strong and growing potential customer base. This presents a unique opportunity to establish a medical practice in a high-demand, densely populated area with significant new residential development.

Property profile

Verified
Property type Retail properties & Spaces
Total area 5,400 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Garden Center Landscaping
  • Christmas Tree Farm

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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