161 12Th St Brooklyn, NY 11215
- Retail properties
- 484 SF
Current Use by Public Records
- Gowanus Gallery by Larisa / Event Venue / Photography Studio
- 161 12th Street / Condominium Complex
- Gowanus Gallery by Larisa - CERAMICS Studio / Art Gallery / Art Studio
Property Details for 161 12Th St
- Property size
- 484 SF
- Property type
- Retail properties
- Property subtype
- Office Properties & Spaces
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings (Brooklyn)
- State
- New York
- Longitude
- -73.9922
- Latitude
- 40.6696
