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    Property profile & analytics
    OFF-MARKET Estimated value $18,435,000
    Retail residential properties

    1065 Broadway, Brooklyn, NY 11221-2424

    80,420 SF 0.78 ac lot Built 1931
    Entity Owned 22-yr Hold ~ Est. High Equity
    Property ID
    US63-1748131
    Property summary
    AI-generated overview

    This exceptional 3,100 square foot retail space, located in the vibrant Bushwick neighborhood of Kings County, presents a unique opportunity for businesses seeking high visibility and a flexible layout. The property is categorized as Retail and Office, specifically offering Traditional Office, Executive Office, Medical Office, and Creative Office subtypes, making it suitable for a diverse range of tenants. The space features an expansive open floor plan, ideal for creating customized retail displays, showrooms, or service-oriented areas. Its prime location ensures excellent foot traffic and visibility, attracting a large customer base. The adaptable nature of the space allows businesses to easily tailor it to their specific brand identity and operational needs. This makes it perfect for a variety of businesses, including fashion boutiques, specialty retailers, wellness and fitness studios, and professional service providers. With one space available, measuring approximately 3,000 to 3,200 square feet, this property offers a significant opportunity to establish or expand a business within a thriving commercial area. The multiple tenancy structure suggests a dynamic and collaborative environment. This is a rare opportunity to secure a prominent retail presence in a rapidly growing and sought-after location.

    Property profile
    Verified
    Property type Retail residential properties
    Use group STORES & APARTMENTS
    Year built 1931
    Total area 80,420 SF
    Lot 0.78 ac (34,118 SF)
    Zoning code R6
    APN 03225-0041
    UPID US63-1748131
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • GoLocker (Bike/Boat/Book/etc) Store Postal Service
    • Bright Mart Laundry (Bike/Boat/Book/etc) Store
    • Clean Max (Bike/Boat/Book/etc) Store
    • Town of Bargains Furniture & Bedding Furniture & Home Goods Home Decor Store
    • New Brooklyn Fashion Discount Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $21.73M
    Blend (final) Blend
    $18.44M
    Owner & transaction history
    Pella Realty Corp · 22 yrs held
    Pella Realty Corp
    since 2004
    6 recorded transactions
    2023
    2018
    2011
    2004
    1969
    1969
    Zoning & alternative use
    R6 · Brooklyn, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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