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Property profile

389 Gateway Dr Brooklyn, NY 11239

OFF-MARKET
Retail properties & Spaces
View Sample
81,610 SF

Property summary

AI-generated overview

This exceptional retail property, located at 389 Gateway Drive in Brooklyn, New York, presents a significant leasing opportunity. The property, situated in Kings County, offers a substantial 81,610 square feet of total building space within a single-tenant shopping center configuration. Currently, a significant portion of the space, totaling 22,516 square feet, is available for lease, providing a unique chance for a large-scale retailer or a business seeking expansive retail space. The property's prime location in Brooklyn, New York, 11239, offers excellent visibility and accessibility, making it an ideal location for a variety of retail businesses. The address is 389 Gateway Drive, easily accessible via major transportation routes. This is a rare opportunity to secure a substantial retail space in a thriving Brooklyn commercial area. The property's size and layout offer considerable flexibility for tenant build-out and customization. The existing infrastructure is well-maintained, and the property benefits from its strategic location within a bustling commercial district. This presents a compelling investment opportunity for businesses seeking to establish or expand their presence in a high-traffic area of Brooklyn. The available space is ready for immediate occupancy, allowing for a swift and efficient transition for the new tenant. Interested parties are encouraged to inquire promptly to secure this exceptional retail space.

Property profile

Verified
Property type Retail properties & Spaces
Total area 81,610 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
  • Clothing & Fashion Store (Bike/Boat/Book/etc) Store

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
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Comparable Approach Comparable
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Blend (final) Blend
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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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