28 Marginal StBrooklyn, NY 11207

Property Details for 28 Marginal St

Year built

1931

Lot size

0.11 AC

Property size (Sq ft)

4,800 SF

Zone code

M1-1

Property type

Retail properties

Property subtype

Auto shops

APN

03483-0032

APU

34830032

Description

This single-tenant industrial property, located at 28 Marginal Street West in Brooklyn, New York, offers 4,800 square feet of versatile space. Situated in the Cypress Hills neighborhood, this property benefits from excellent accessibility, being conveniently located between Bushwick Avenue and Highland Boulevard. The property's prime location offers easy access to public transportation, with the J train at Alabama Avenue station nearby, as well as the C and A trains at Liberty Avenue. Numerous bus lines, including the Q56, Q24, B83, B20, B12, and B25, also provide convenient commuting options. The area boasts a vibrant mix of businesses and amenities, with nearby establishments including East New York Depot, Baskin-Robbins, McDonald's, Popeyes, Autocraft Auto Sales, Dunkin', Doral Urgent Care, Local Development Corporation of East New York, The Fresh Market, Extra Space Storage, Golden Krust Caribbean Restaurant, Best Liquor & Wine 1838, Public Storage, Managed Long Term Care Brooklyn, and Brooklyn Auto Mall. This property presents a unique opportunity for businesses seeking a well-located and accessible industrial space in a thriving Brooklyn neighborhood. The property is classified as both office and industrial and is in Kings County, New York, with a zip code of 11207.

• CAP approach

  CAP return

  Valuation

  6%

  $1,166,568

  6.5%

  $1,076,832

  7%

  $999,915

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,580,463

  Geo Method

  $1,580,463

• Alternative Use

  Use

  Valuation

  Residential

  $908,348

  Hospitality

  $832,042

  Educational

  $692,249

  Medical

  $716,056

  Retail

  $1,076,832

Location Insight

City

Brooklyn

County

Kings

State

New York

Latitude

40.679

Longitude

-73.8982

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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