450 Nostrand Ave Brooklyn, NY 11216
- Investment properties
- 4,000 SF
- 0.05 lot acres
Current Use by Public Records
- Erica's Home / Apartment Building
- The REP Music Cafe / Cafe
- PrintWithMe Print Kiosk at Brooklyn Perk Coffee / Print Shop / Copy Shop
- Sabine's Hallway Natural Hair Salon / Hair Salon / Beauty Supply Store
- The Woven Wool / Hair Salon
Property Details for 450 Nostrand Ave
- Year built
- 1900
- Lot size
- 0.05 lot acres
- Property size
- 4,000 SF
- Zone code
- R6A
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 01827-0057
- APU
- 18270057
Description
This exceptional 1,200 square foot retail space, located at 450 Nostrand Avenue in Kings County, presents a unique opportunity for a discerning tenant. Previously occupied by a cafe, the property is offered in turnkey condition, meaning it's ready for immediate occupancy. The space boasts a versatile layout suitable for a variety of retail uses, making it an ideal location for a wide range of businesses. All qualified uses will be considered. A significant advantage is the inclusion of a large backyard area, offering potential for outdoor seating, storage, or other supplementary uses depending on the tenant's needs. The asking rent is $5,000 per month. This property is situated in a vibrant and accessible location within Kings County, offering excellent visibility and foot traffic. The turnkey condition minimizes upfront investment and allows for a rapid start to operations. The spacious layout and the added benefit of the backyard provide ample room for creativity and business expansion. This is a rare opportunity to secure a well-maintained, ready-to-use retail space in a desirable Brooklyn location. Don't miss out on this chance to establish your business in a thriving community. Contact us today to schedule a viewing and explore the possibilities.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $385,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $410,000
- 6.5%
- $440,000
- 7%
- $420,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $355,000
- Geo Method
- $425,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $435,000
- Retail
- $430,000
- Mixed-Use
- $390,000
- Hospitality
- $420,000
- Educational
- $485,000
- Residential Income
- $385,000
- Energy
- $480,000
- Income-Based Land
- $365,000
- Food Service
- $460,000
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.9505
- Latitude
- 40.6836
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
