252 Norman Ave Brooklyn, NY 11222
- Retail residential properties
- 29,600 SF
- 0.18 lot acres
Current Use by Public Records
- Nofy Design / Upholstery Shop
- Pillow Perfection / Furniture Store
Property Details for 252 Norman Ave
- Year built
- 1931
- Lot size
- 0.18 lot acres
- Property size
- 29,600 SF
- Zone code
- M1-2
- Property type
- Retail residential properties
- APN
- 02657-0001
- APU
- 26570001
Description
This exceptional retail property at 252 Norman Avenue in Greenpoint, Brooklyn offers a fantastic opportunity for businesses seeking a vibrant and high-traffic location. The building totals 10,502 square feet and features two available suites, providing flexibility for various retail concepts. Individual spaces range from a minimum of 1,304 square feet to a maximum contiguous area of 2,198 square feet, with a total of 3,502 square feet currently vacant. The property is zoned M1-2, allowing for a wide range of commercial uses. Its location in the thriving Greenpoint neighborhood ensures excellent visibility and access to a diverse customer base. The building's layout allows for adaptable configurations, potentially accommodating an open floor plan. This prime retail space presents a unique chance to establish or expand a business in one of Brooklyn's most sought-after areas. The property is situated in Kings County, New York, with a convenient zip code of 11222. This is an ideal opportunity for businesses seeking a high-visibility location with ample space to grow. The property's size and zoning make it suitable for a variety of retail uses.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $905,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $795,000
- 6.5%
- $775,000
- 7%
- $810,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $850,000
- Geo Method
- $840,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $570,000
- Retail
- $690,000
- Mixed-Use
- $725,000
- Hospitality
- $590,000
- Educational
- $580,000
- Residential Income
- $735,000
- Energy
- $575,000
- Income-Based Land
- $605,000
- Food Service
- $640,000
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.9426
- Latitude
- 40.7275
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
