247 Water St, Brooklyn, NY 11201
This exceptional 740-square-foot creative office space is ideally situated in the highly sought-after DUMBO neighborhood of Brooklyn, Kings County. The property offers a single-tenant occupancy, perfect for a small business or creative team seeking a unique and inspiring workspace. Located at 247 Water Street, Suite 303, this office boasts easy access to various transportation options, including the A, C, and F subway lines and the convenient DUMBO ferry. The building's location within DUMBO provides unparalleled access to the area's vibrant cultural scene, renowned waterfront park, and diverse culinary offerings. The "Down Under the Manhattan Bridge Overpass" location offers breathtaking views of the Manhattan skyline, creating a truly captivating and productive work environment. This single-tenant space is perfect for businesses seeking a prestigious address and a thriving community atmosphere. The flexible layout allows for customization to suit specific business needs, making it an ideal choice for creative agencies, design firms, or tech startups. The property type is classified as Creative Office, Office Space, Creative Space, and Flex Space, offering versatility and adaptability. This is a rare opportunity to secure a prime office space in one of New York City's most desirable neighborhoods. Inquire today to learn more about this exceptional property and schedule a viewing.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.