Property profile

0 55Th St Brooklyn, NY 11234

OFF-MARKET
Retail properties & Spaces
80,708 SF
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Property summary

AI-generated overview

Mill Basin Plaza, located at Avenue U & E. 55th St in Brooklyn, NY (zip code 11234), presents a unique opportunity within the thriving Kings County market. This retail property boasts a total of 80,708 square feet, currently featuring 2,200 square feet of immediately available space. The property sits on a 5-acre lot and offers ample parking with 274 spaces, ensuring convenient access for customers and employees. The building's multiple tenancy structure provides a diverse and vibrant atmosphere. The property's location in the heart of Brooklyn benefits from an extremely dense population, making it an ideal location for a variety of retail businesses. Mill Basin Plaza is characterized by its strong infill market and very low vacancy rates, indicating a high demand and stable investment potential. The property's address is easily accessible, situated at the intersection of Avenue U and East 55th Street. This prime location offers excellent visibility and accessibility for customers. With its substantial size, ample parking, and strategic location within a densely populated area, this retail center represents a compelling investment opportunity in a highly sought-after Brooklyn neighborhood. The available 2,200 square feet provides a flexible space adaptable to various retail concepts. This is a rare opportunity to secure a space in a well-established and highly successful retail center.

Property profile

Verified
Property type Retail properties & Spaces
Total area 80,708 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

55Th St Brooklyn, NY 11234
Brooklyn metro
Google Maps

Value estimations

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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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