492 5Th Ave Brooklyn, NY 11215
- Investment properties
- 4,106 SF
- 0.03 lot acres
Current Use by Public Records
- Nannybag Luggage Storage / Luggage Storage Facility / Storage Facility
- Winemak'Her Bar / Wine Bar / Bar
Property Details for 492 5Th Ave
- Year built
- 1920
- Lot size
- 0.03 lot acres
- Property size
- 4,106 SF
- Zone code
- C43A
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 01022-0051
- APU
- 10220051
Description
This exceptional 1,400 square foot retail space, located at 492 5th Avenue in the vibrant Park Slope South neighborhood of Brooklyn, New York (zip code 11215), presents a unique opportunity for a discerning business owner. Currently vacant, the property boasts a fully built-out wine bar configuration, eliminating the need for extensive renovations and allowing for a swift and efficient launch. The single-tenant occupancy ensures complete control and flexibility for the new operator. Situated in Kings County, this mixed-use property offers high visibility and foot traffic, ideal for a variety of retail concepts, including but not limited to restaurants, fitness centers, or community facilities. The previous tenant operated a successful salon, demonstrating the space's adaptability and potential. The property's street-level location provides excellent accessibility and exposure to the bustling neighborhood. With its turnkey setup and prime location, this property is poised for immediate success. The space is ready for immediate occupancy, offering a significant advantage in a competitive market. This is an exceptional opportunity to establish a thriving business in a highly desirable Brooklyn location. The property's 1,400 square feet provide ample space for a variety of uses, making it a versatile and attractive investment.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $515,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $350,000
- 6.5%
- $345,000
- 7%
- $350,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $410,000
- Geo Method
- $410,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $395,000
- Retail
- $440,000
- Mixed-Use
- $315,000
- Hospitality
- $315,000
- Educational
- $400,000
- Residential Income
- $325,000
- Energy
- $335,000
- Income-Based Land
- $405,000
- Food Service
- $425,000
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.9878
- Latitude
- 40.6677
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
