224 Brighton Beach Ave Brooklyn, NY 11235
- Retail space
- 12,713 SF
- 0.29 lot acres
Current Use by Public Records
- Extra Fancy Fruit / Produce Market
- German Doner Kebab / Fast Food Restaurant
- Candy @grocery stour / Grocery Store
Property Details for 224 Brighton Beach Ave
- Year built
- 1927
- Lot size
- 0.29 lot acres
- Property size
- 12,713 SF
- Zone code
- R6
- Property type
- Retail space
- APN
- 08682-0057
- APU
- 86820057
Description
This exceptional 12,713 square foot, Class A medical office building at 224 Brighton Beach Avenue in Brooklyn, NY 11235, offers a unique investment opportunity. Completely renovated in 2023, the single-story building features twelve suites, with a minimum divisible space of 384 square feet, and is ideally suited for multiple tenants. The property boasts a prime location on Brighton Beach Avenue, experiencing high visibility and foot traffic exceeding 14,000 vehicles daily. Its strategic position ensures excellent exposure to the significant tourism in the area, being within easy walking distance of Brighton Beach and Coney Island. The building benefits from its proximity to numerous established businesses, including Dunkin', Chase Bank, Ocean View Cafe, Tatiana, German Doner Kebab, Carvel, and Starbucks. While elevators are not present, ample municipal and street parking is available. This is an exceptional opportunity to secure a thriving business location in a vibrant and high-traffic area. Individual suite sizes range from 492 to 1219 square feet.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $9,660,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $8,495,000
- 6.5%
- $7,290,000
- 7%
- $8,745,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $7,550,000
- Geo Method
- $7,785,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $6,755,000
- Retail
- $8,165,000
- Mixed-Use
- $8,285,000
- Hospitality
- $7,785,000
- Educational
- $8,700,000
- Residential Income
- $7,130,000
- Energy
- $8,670,000
- Income-Based Land
- $9,190,000
- Food Service
- $6,850,000
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.9661
- Latitude
- 40.5763
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
