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Property profile

445 Albee Sq Brooklyn, NY 11201

OFF-MARKET
Retail properties & Spaces
View Sample
1,883,805 SF

Property summary

AI-generated overview

City Point, located at 445 Albee Square West in Brooklyn, NY 11201, offers a unique opportunity for businesses seeking retail space in a vibrant, high-traffic location. This Kings County property boasts a total of 1,883,805 square feet, encompassing 19 individual suites. The available space ranges from a minimum of 951 square feet to a maximum contiguous space of 17,244 square feet, providing flexibility for various business needs. Currently, 76,246 square feet of retail space is vacant. City Point is the largest food, shopping, and entertainment destination in Downtown Brooklyn, attracting a diverse clientele including families, shoppers, professionals, and the arts community. This prime location offers unparalleled exposure and access to a large and diverse customer base. The property's strategic location within the bustling heart of Downtown Brooklyn ensures high visibility and foot traffic, making it an ideal location for a variety of retail businesses. The diverse community surrounding City Point provides a rich and dynamic market for businesses of all types. This is an exceptional opportunity to establish a presence in one of Brooklyn's most sought-after retail destinations.

Property profile

Verified
Property type Retail properties & Spaces
Total area 1,883,805 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
  • Restaurant
  • Restaurant
  • Dessert Restaurant Dessert Shop
  • Restaurant
  • Bakery Specialty Food Shop

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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