257 3Rd Ave Brooklyn, NY 11215
- Investment properties
- 6,160 SF
- 0.05 lot acres
Current Use by Public Records
- Gowanus Wine Studio & Tasting Table / Wine Store / Liquor Store
Property Details for 257 3Rd Ave
- Year built
- 1931
- Lot size
- 0.05 lot acres
- Property size
- 6,160 SF
- Zone code
- M14R6A
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 00441-0005
- APU
- 4410005
Description
This exceptional 600-square-foot retail space at 257A Third Avenue in Gowanus, Kings County, presents a unique opportunity for a discerning tenant. Previously occupied by a dog walking service, the property boasts a desirable location within a vibrant and rapidly developing neighborhood. The space itself features a private room, a dedicated bathroom, and access to a shared lower-level storage area. A significant advantage is the inclusion of a spacious rear yard, offering potential for outdoor use or expansion. Its prime Gowanus location places it just one block from the Union Street subway station, providing convenient access to public transportation. Furthermore, the property enjoys close proximity to popular attractions and amenities, including Barclays Center and Atlantic Terminal, ensuring high foot traffic and visibility. Nearby establishments include well-known businesses such as Dinosaur BBQ, Claro, Strong Rope Brewery, and The Royal Palms Shuffleboard Club, contributing to a thriving commercial environment. The landlord has a preference for tenants who do not use tobacco, smoke, or cannabis products within the premises. This property is ideal for a variety of retail uses and represents a compelling investment opportunity in a rapidly growing area.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $4,855,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $4,990,000
- 6.5%
- $4,750,000
- 7%
- $4,780,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $4,855,000
- Geo Method
- $4,675,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $4,700,000
- Retail
- $4,940,000
- Mixed-Use
- $5,235,000
- Hospitality
- $4,770,000
- Educational
- $5,125,000
- Residential Income
- $4,000,000
- Energy
- $4,145,000
- Income-Based Land
- $4,155,000
- Food Service
- $5,110,000
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.9854
- Latitude
- 40.678
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
