Property profile

501 Bushwick Ave Brooklyn, NY 11206

OFF-MARKET
Retail properties & Spaces
84,826 SF
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Property summary

AI-generated overview

This exceptional Bushwick, Brooklyn property at 501 Bushwick Avenue offers three distinct retail spaces totaling 84,826 square feet within a two-story building situated on a 16,000 square foot lot. The building is zoned R7A and boasts convenient access to public transportation, including the J, M, & Z trains at the nearby Flushing Avenue and Myrtle Avenue station, as well as several bus lines (B57, B46, B47, B15, B54, & B60). The location benefits from high foot traffic and proximity to numerous established businesses, including IHOP, Burger King, McDonald's, and many more. Three spaces are available, ranging from 1,400 to 6,900 square feet, with a minimum divisible space of 1,400 square feet and a maximum contiguous space of 4,800 square feet. Currently, 6,200 square feet are vacant. Spaces feature attractive glass frontage, high ceilings (15-20 feet), and ADA accessibility. Ample parking is available on-site (3 spaces). Space 1 (ground floor) is ideal for retail uses like pet supplies or home goods. Space 2 (1,500 sq ft ground level + 4,500 sq ft lower level) is suitable for spas, medical offices, or recording studios. Space 3 (6,900 sq ft), a former supermarket, is perfect for larger retail concepts like supermarkets, organic markets, or cafes with co-working space. This property presents a unique branding opportunity at the base of a 392-unit residential building, ensuring a built-in customer base. Space 3 includes a walk-in fridge and freezer in the lower level. Kings County location.

Property profile

Verified
Property type Retail properties & Spaces
Total area 84,826 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
  • Gym & Fitness Center
  • Specialty Food Shop Wine and Liquor Store

Location

501 Bushwick Ave Brooklyn, NY 11206
Brooklyn metro
Google Maps

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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