886 Broadway Brooklyn, NY 11206
- Banks
- 69,670 SF
- 0.26 lot acres
Current Use by Public Records
- Banks
Property Details for 886 Broadway
- Year built
- 2020
- Lot size
- 0.26 lot acres
- Property size
- 69,670 SF
- Zone code
- C44L
- Property type
- Banks
- APN
- 01582-0015
- APU
- 15820015
Description
This exceptional opportunity presents two newly developed, contiguous retail spaces located at 886 Broadway in the vibrant Bed-Stuy neighborhood of Brooklyn, New York. Each space offers approximately 2,000 to 2,100 square feet of versatile, "vanilla box" layout, perfect for customization to suit a variety of retail concepts. The property is situated between Stockton Street and Lewis Avenue, providing excellent street visibility and accessibility. Its strategic location offers unparalleled convenience, with immediate proximity to the Myrtle Avenue subway station (J & M trains), ensuring easy access for customers and employees. Public transportation options also include several bus lines (B47, B46, B15, & B54). The area boasts a thriving mix of established businesses and a strong residential population, creating a robust customer base. Nearby businesses include a diverse range of establishments, from cafes and restaurants (Cafe Erzulie, Native Restaurant and Lounge, Milly's Pizzeria, Dunkin', etc.) to retail shops (Brooklyn Art Cave, Horseradish Market, Auntie Anne's, Bond Collective, etc.), pharmacies (Daily Dose Pharmacy), and various food options (FOOD BAZAAR, Flying Apple, Mayas Snack Bar, Pizza Hut, Popeyes, etc.). This high-traffic location, combined with the flexible space and convenient transit access, makes this property an ideal investment for discerning entrepreneurs seeking a prime retail location in a rapidly growing Brooklyn neighborhood. The property is located in Kings County, New York, with a zip code of 11206.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $310,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $250,000
- 6.5%
- $245,000
- 7%
- $225,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $275,000
- Geo Method
- $270,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $225,000
- Retail
- $230,000
- Mixed-Use
- $250,000
- Hospitality
- $220,000
- Educational
- $265,000
- Residential Income
- $260,000
- Energy
- $225,000
- Income-Based Land
- $240,000
- Food Service
- $240,000
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.9374
- Latitude
- 40.6978
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA