78 Kingsland AveBrooklyn, NY 11222

Property Details for 78 Kingsland Ave

Year built

1940

Lot size

0.46 AC

Property size (Sq ft)

22,948 SF

Zone code

M1-1

Property type

Office properties

Property subtype

Office buildings

APN

02858-0001

APU

28580001

Description

This prime Brooklyn location at 78 Kingsland Avenue offers a diverse range of flexible office spaces perfect for various business needs. The building features Class A office suites, recently renovated in 2022, and caters to multiple tenants. Available spaces range from a compact 50 square feet to a more spacious 207 square feet, providing options for individuals, small teams, or businesses requiring adaptable work environments. The property is classified as Retail, Office, and Special Purpose, reflecting its versatility. The building's design accommodates Traditional Office, Coworking, Executive Office, Medical Office, and Creative Office uses. Amenities include 24/7 access, high-speed Wifi, and all utilities are included in the rental price. Shared kitchen and restroom facilities are conveniently located within the building. The address is 78 Kingsland Ave, Brooklyn, NY 11222. Six individual spaces are currently available for lease. This location provides an excellent opportunity for businesses seeking a modern, well-equipped, and conveniently located office space in the vibrant Brooklyn market.

• CAP approach

  CAP return

  Valuation

  6%

  $3,793,990

  6.5%

  $3,502,144

  7%

  $3,251,991

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,998,386

  Geo Method

  $2,998,386

• Alternative Use

  Use

  Valuation

  Residential

  $4,342,659

  Hospitality

  $3,977,852

  Educational

  $3,309,526

  Medical

  $3,423,346

  Retail

  $5,148,152

Location Insight

City

Brooklyn

County

Kings

State

New York

Latitude

40.7191

Longitude

-73.9403

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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