383 Knickerbocker Ave Brooklyn, NY 11237
- Investment properties
- 4,590 SF
- 0.06 lot acres
Current Use by Public Records
- Sparrow Florist & Mwah Flowers / Florist
- Simple mobile / Cell Phone Store
- Top Tech Electronics / Electronics Store / Electronics
Property Details for 383 Knickerbocker Ave
- Year built
- 1921
- Lot size
- 0.06 lot acres
- Property size
- 4,590 SF
- Zone code
- C4-3
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 03258-0001
- APU
- 32580001
Description
This exceptional Class A retail property, located at 383 Knickerbocker Ave, Brooklyn, NY 11237, presents a unique investment opportunity. The building boasts a total of 6,000 square feet spread across three stories, with a single tenant currently occupying the space. The property is categorized as a cafe/bar restaurant and features a prominent corner location with approximately 30 feet of street frontage on Knickerbocker Avenue, ensuring high visibility and accessibility. A significant basement adds considerable storage or expansion potential. The building underwent a complete renovation in 2019, ensuring modern amenities and a well-maintained structure. The address is conveniently situated near the intersection of Stanhope Street, further enhancing its strategic location within the vibrant Brooklyn neighborhood. This single-tenant occupancy offers stability and potential for long-term growth. The property is ideal for a variety of uses, given its size, location, and recent renovation. The absence of elevators is noted, however, the three-story layout offers flexibility for various business configurations. This is a rare opportunity to acquire a well-positioned, high-quality retail space in a thriving Brooklyn market.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $465,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $385,000
- 6.5%
- $390,000
- 7%
- $435,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $460,000
- Geo Method
- $470,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $460,000
- Retail
- $420,000
- Mixed-Use
- $365,000
- Hospitality
- $425,000
- Educational
- $390,000
- Residential Income
- $335,000
- Energy
- $330,000
- Income-Based Land
- $370,000
- Food Service
- $375,000
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.9208
- Latitude
- 40.7005
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
