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Property profile & analytics

303 Wythe Ave Brooklyn, NY 11249

  • Retail residential properties
  • 26,987 SF
  • 0.17 lot acres
For Lease
Last Sale
Jun 22, 2022
$9,000,000
Value Estimations
$9,700,000
Cap Rate Potential
Location Intelligence
Property ID
US63-1609950
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

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

based on Realmo’s proprietary methodology
  • 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

Get a detailed, property-specific valuation — fast and free


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

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$104,349
$337,500
$670,050
$1,007,550
-
$750,000
$1,489,000
$2,239,000
More about this property
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