303 Wythe Ave Brooklyn, NY 11249
- Retail residential properties
- 26,987 SF
- 0.17 lot acres
Current Use by Public Records
- Retail residential properties
Property Details for 303 Wythe Ave
- Year built
- 1970
- Lot size
- 0.17 lot acres
- Property size
- 26,987 SF
- Zone code
- R6
- Property type
- Retail residential properties
- APN
- 02404-0001
- APU
- 24040001
Description
This exceptional Class A retail space, totaling 5,700 square feet, is ideally situated on Wythe Avenue, near the corner of South 2nd Street in the vibrant Williamsburg neighborhood. The property, housed in a single, five-story building constructed in 1990 and extensively renovated in 2023, offers multiple tenancy options. Currently, the entire 5,700 square feet is available, but the space is divisible to a minimum of 1,600 contiguous square feet, allowing for flexibility to suit various business needs. The building features modern amenities including direct power and elevators. Its prime location benefits from excellent accessibility to public transportation, with the Bedford L train and NYC Ferry located within a short distance. The surrounding area boasts a thriving mix of restaurants, bars, shops, and other amenities, including the Apple store, Whole Foods, Domino Park, and Roberta's Pizza, ensuring high foot traffic and visibility. This is a unique opportunity to establish a presence in one of Brooklyn's most sought-after retail destinations. The building's recent renovation ensures a modern and efficient space ready for immediate occupancy. The address offers unparalleled access to the area's bustling commercial activity and diverse residential population. This property presents a rare chance to secure a prominent retail location in a dynamic and rapidly growing market.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $9,310,000
- ML approach
- $9,575,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $16,325,000
- 6.5%
- $15,070,000
- 7%
- $13,995,000
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Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.9648
- Latitude
- 40.7144
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA