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Property profile

1765-1767 Broadway Brooklyn, NY 11207

OFF-MARKET
Retail properties & Spaces
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Property summary

AI-generated overview

This exceptional 3,625 square foot commercial space is ideally situated on Broadway in Bushwick, Brooklyn. Located within a thriving commercial strip, this single-tenant property boasts approximately 23-foot vaulted ceilings, offering significant potential for customization. The space includes a built-out office-grade kitchen, two restrooms, and appliance closets, providing a solid foundation for a variety of businesses. Its "as-is" condition allows for a complete build-out to perfectly suit the tenant's needs. The property benefits from excellent visibility and high foot and vehicle traffic, situated near the J and Z subway lines at Chauncey Street (over 1 million annual riders in 2019), as well as several bus routes (with a combined annual ridership exceeding 6.6 million in 2019). Additional nearby subway access includes the L train at Bushwick Ave-Aberdeen St (600,188 annual riders in 2019) and the A and C lines at Rockaway Ave (1,787,343 annual riders in 2019). The surrounding area is densely populated, with a rapidly growing residential base, and features a vibrant business corridor. The property is part of a four-unit commercial building, with two other units of similar size and one larger unit. Tenant parking is available. Long-term neighboring businesses include a pharmacy and supermarket, further enhancing the location's appeal. The property's proximity to a diverse range of businesses and its strategic location within a high-growth area make it an exceptional opportunity for a variety of uses. The high population density within a 2-mile radius (695,000+) ensures a large potential customer base.

Property profile

Verified
Property type Retail properties & Spaces

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

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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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