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    OFF-MARKET
    Retail properties & Spaces

    501 Bushwick Ave, Brooklyn, NY 11206

    84,826 SF
    Property ID
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • TRILLFIT Brooklyn Gym & Fitness Center
    • Lovebirds Natural Wines Specialty Food Shop Wine and Liquor Store
    Value estimations
    Realmo proprietary · 4 methods
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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