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1056 Manhattan Ave Brooklyn, NY 11222-1325

OFF-MARKET Retail residential properties Google Maps
83,968 SF 0.4 ac lot Built 2019
Entity Owned 4-yr Hold ~ Est. High Equity
Estimated value
No estimation on file for this property yet.
Property ID US63-1286184

Property summary

AI-generated overview

This exceptional new development at 1056 Manhattan Avenue in Brooklyn, NY, offers 10,443 square feet of prime retail space, currently entirely vacant and available for lease. The property is a mixed-use building, boasting a multi-level design ideal for a variety of businesses. Two suites are available, providing flexibility for single or multiple tenants. The minimum divisible space is 4,766 square feet, while the maximum contiguous space available is 5,677 square feet. This presents a unique opportunity for businesses seeking a prominent location in a vibrant Brooklyn neighborhood. The building's street-level retail presence ensures high visibility and accessibility for customers. Located in Kings County, with a zip code of 11222, this property benefits from excellent foot traffic and convenient access to public transportation. The address is 1056 Manhattan Avenue. This is a rare chance to secure a substantial, newly constructed retail space in a rapidly growing area. The building's modern design and ample square footage offer significant potential for long-term growth and success. Interested parties are encouraged to inquire about lease terms and availability. The property's strategic location and flexible space options make it an attractive investment for businesses seeking a strong presence in the heart of Brooklyn.

Property profile

Verified
Property type Retail residential properties
Use group STORES & APARTMENTS
Year built 2019
Total area 83,968 SF
Lot 0.4 ac (17,500 SF)
Zoning code R7A
APN 02505-0005
UPID US63-1286184

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store Photography Service

Value estimations

Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history

since 2021
Last sale
$86.8M
5 recorded transactions
2021
$86.8M
2021
Price N/A
2017
Price N/A
2015
$18.0M
1969
Price N/A

Zoning & alternative use

R7A · Brooklyn, NY

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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