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Property profile

327 Douglass St Brooklyn, NY 11217

OFF-MARKET
Retail properties & Spaces
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6,000 SF Built 1931

Property summary

AI-generated overview

This 6,000-square-foot commercial property at 327 Douglass Street in Brooklyn, NY 11217, offers a unique opportunity for businesses seeking a versatile space. Built in 1931, this Class B building features high ceilings and abundant natural light, creating an open and inviting atmosphere. Previously used as a music school, the property is ideal for retail, office, or creative uses, allowing for complete customization to suit individual business needs. The single-tenant space boasts 82 feet of street frontage, ensuring high visibility and accessibility. Tenant improvement allowances are available to facilitate a seamless transition for the new occupant. Located in a thriving Brooklyn neighborhood, this property provides excellent access to a vibrant community. Longer lease terms are negotiable. The property is currently vacant and ready for immediate occupancy. This exceptional space presents a rare chance to establish a strong presence in a desirable Brooklyn location.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1931
Total area 6,000 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
  • (Bike/Boat/Book/etc) Store Auto Parts Store
  • Social Service Agency
  • Nightclub Music Venue

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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