Property profile

129 20Th St Brooklyn, NY 11232

OFF-MARKET
Retail properties & Spaces
4,338 SF
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional mixed-use property at 129 20th Street in Brooklyn, New York, presents a unique investment opportunity. The 4,338 square foot building, zoned M1-2D, is currently vacant and ready for immediate occupancy. It features three units, previously configured as renovated office space above a deli, offering flexibility for a variety of uses. The asking price is $1,950,000, translating to $450 per square foot. The seller is offering financing for 50% of the purchase price, making this an attractive proposition for qualified buyers. The building boasts excellent corner exposure, providing abundant natural light and air, and a significant signage opportunity with high visibility from 3rd Avenue and the Gowanus Expressway. The property enjoys a 78-foot frontage on 3rd Avenue and is conveniently located a short walk from the R train at Prospect Avenue station. The building will be delivered vacant with a Certificate of Occupancy (CofO). This is a rare chance to acquire a well-located, versatile property in a thriving Brooklyn neighborhood. The land value is also assessed at $450 per square foot.

Property profile

Verified
Property type Retail properties & Spaces
Total area 4,338 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
  • Industrial Manufacturer Production Facility
  • Atm

Location

129 20Th St Brooklyn, NY 11232
Brooklyn metro
Google Maps

Value estimations

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

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 129 20Th St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message