107 6Th St Brooklyn, NY 11249
- Investment properties
- 3,383 SF
- 0.05 lot acres
Current Use by Public Records
- Wally Health / Dentist
- Mejuri / Jewelry Store
Property Details for 107 6Th St
- Year built
- 1910
- Lot size
- 0.05 lot acres
- Property size
- 3,383 SF
- Zone code
- M12R6A
- Property type
- Investment properties
- Property subtype
- Retail residential properties
- APN
- 02326-0031
- APU
- 23260031
Description
This exceptional South Williamsburg property, located at 107 South 6th Street, presents a rare opportunity to acquire a thriving retail or restaurant space. The property boasts a prime location directly adjacent to the entrance of the Williamsburg Bridge Pedestrian Walkway, ensuring high foot traffic and exceptional visibility. Situated at the corner of Broadway Avenue and Bedford Avenue, across from the renowned Peter Luger Steak House, this location benefits from significant brand recognition and consistent pedestrian flow. The property comprises two Class A buildings, totaling 16,500 square feet, constructed in 1970 and extensively renovated in 2000. The buildings are three stories high and feature a single tenant occupancy, currently operating as a gym and bar. The space offers flexible options ranging from 1,800 to 10,000 square feet, catering to a variety of business needs. Modern amenities include direct power access and elevators, enhancing operational efficiency. The property's strategic location within the vibrant South Williamsburg submarket, specifically the Greenpoint cluster, guarantees strong potential for growth and return on investment. This is a unique opportunity to secure a highly visible and well-established commercial property in one of Brooklyn's most sought-after neighborhoods. The property is currently fully occupied, presenting a stable and immediately profitable investment.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $11,260,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $12,005,000
- 6.5%
- $12,340,000
- 7%
- $11,155,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $11,825,000
- Geo Method
- $10,785,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $9,825,000
- Retail
- $11,135,000
- Mixed-Use
- $10,340,000
- Hospitality
- $12,075,000
- Educational
- $11,700,000
- Residential Income
- $10,430,000
- Energy
- $9,860,000
- Income-Based Land
- $11,070,000
- Food Service
- $11,965,000
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.9599
- Latitude
- 40.7185
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
