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Property profile

1823 Avenue U Brooklyn, NY 11229

OFF-MARKET
Retail properties & Spaces
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350 SF Built 1925

Property summary

AI-generated overview

This exceptional 350-square-foot retail space is situated in the bustling Sheepshead Bay neighborhood of Brooklyn, Kings County, at a prominent corner location offering unparalleled visibility. Built in 1925, this two-story building houses a single-tenant space ideal for a variety of retail or service businesses. The property presents a fantastic opportunity for customization, as some renovations are needed, allowing a new tenant to tailor the space to their specific business requirements. The location ensures high foot traffic, making it perfect for small businesses seeking a strong presence in a busy commercial area. The space is approximately 350 square feet and benefits from excellent natural light. Tenants are responsible for electricity and 7% of the water bill. Please note that food-related businesses are not permitted in this location. This corner storefront represents a unique chance to establish a thriving business in one of Brooklyn's most dynamic and active commercial districts. The property's historical charm, combined with its modern potential, makes it an attractive investment for entrepreneurs seeking a high-traffic location with significant growth potential. Don't miss this chance to secure a prime retail space in a vibrant and thriving community.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1925
Total area 350 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
  • Electronics & Wireless Store
  • Electronics & Wireless Store

Value estimations

Realmo proprietary · 4 methods
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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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