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    OFF-MARKET
    Retail properties & Spaces

    161 12Th St, Brooklyn, NY 11215

    484 SF
    Property ID
    Property summary
    AI-generated overview

    This exceptional 484-square-foot commercial condo in Brooklyn's Gowanus neighborhood presents a unique investment opportunity. Located on a bustling corner, this newly constructed property boasts 50 feet of street frontage and oversized windows, maximizing visibility and natural light. The sleek, contemporary design features imported custom cabinetry, custom lighting, and polished flooring. The interior includes a fully equipped kitchen and bathroom, along with WiFi, cameras, and an alarm system. This six-story building sits on a 3,000-square-foot lot, with 8-10 foot ceilings. The property is conveniently located near multiple subway and bus lines, Atlantic Terminal, Union Market, and Grand Army Plaza, ensuring high foot traffic and strong rental potential. Previously used as an art gallery and event space, it can be delivered vacant. Low common charges of $181 per month further enhance its appeal. This is an ideal property for both investors and business owners seeking a prime location in a thriving Brooklyn neighborhood, offering a potential cap rate exceeding 7%. The asking price is $598,000.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Total area 484 SF
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Gowanus Gallery by Larisa Art Studio Art Gallery
    • 161 12th Street Condominium Complex
    • Gowanus Gallery by Larisa - CERAMICS Studio Art Gallery Art Studio
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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