656 Vanderbilt Ave Brooklyn, NY 11238
- Investment properties
- 4,484 SF
- 0.05 lot acres
Current Use by Public Records
- Investment properties
Property Details for 656 Vanderbilt Ave
- Year built
- 1910
- Lot size
- 0.05 lot acres
- Property size
- 4,484 SF
- Zone code
- R7A
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 01164-0056
- APU
- 11640056
Description
This exceptional retail space at 656 Vanderbilt Avenue in Brooklyn's vibrant Prospect Heights neighborhood offers immediate occupancy in a high-traffic location. The ground floor boasts 1,887 square feet of newly white-boxed space, perfect for a variety of retail uses. A 944 square foot basement provides additional storage or expansion potential. The property features a desirable 15-foot frontage and a 10-foot ceiling height. Its strategic location on Vanderbilt Avenue, between Park Place and Sterling Place, places it steps from Grand Army Plaza and benefits from the immense foot traffic of this bustling corridor. Proximity to the Brooklyn Botanical Garden, Prospect Park, and numerous popular businesses including Chase Bank, Foodtown, and several restaurants and cafes, ensures high visibility and a strong customer base. The area also enjoys excellent public transportation access, with over two million annual riders utilizing the nearby 7th Avenue B/Q subway lines. The space is fully adaptable and can be vented to accommodate various business needs. All uses are considered. This is a truly unique opportunity to establish a thriving business in one of Brooklyn's most sought-after neighborhoods.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,700,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,890,000
- 6.5%
- $2,605,000
- 7%
- $2,685,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,525,000
- Geo Method
- $2,665,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,790,000
- Retail
- $2,650,000
- Mixed-Use
- $2,640,000
- Hospitality
- $2,160,000
- Educational
- $2,375,000
- Residential Income
- $2,665,000
- Energy
- $2,065,000
- Income-Based Land
- $2,610,000
- Food Service
- $2,545,000
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.9697
- Latitude
- 40.6765
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
