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Property profile

1601 Avenue U Brooklyn, NY 11229

OFF-MARKET
Office Spaces
View Sample
8,400 SF Built 1928

Property summary

AI-generated overview

This exceptional commercial property at 1601 Avenue U in Brooklyn, NY, offers a diverse range of office spaces to suit various business needs. Located in Kings County, this two-story, Class B building, constructed in 1928, boasts a total of 8,400 square feet on a 4,200 square foot lot. The building is currently configured for multiple tenancies, providing flexibility for businesses of all sizes. Available spaces range from 200 square feet to 1,650 square feet, catering to a variety of requirements. One 850-square-foot space features a convenient kitchenette, while a larger 1,650-square-foot option includes a desirable open terrace. A smaller, 200-square-foot space offers the privacy of a private bathroom and separate entrance. Monthly rental rates vary depending on the size and features of the selected space, ranging from $2,000 to $6,500. The building's adaptable layout makes it suitable for traditional office use, medical practices, creative studios, executive suites, or co-working arrangements. This property presents a unique opportunity to establish a presence in a vibrant Brooklyn neighborhood. The zip code is 11229.

Property profile

Verified
Property type Office Spaces
Year built 1928
Total area 8,400 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

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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