Property profile

110 Kent Ave Brooklyn, NY 11249

FOR LEASE
Office buildings
Property ID
US63-5255318
12,000 SF 0.11 ac lot Built 1925
Entity Owned 21-yr Hold ~ Est. High Equity
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional 3-unit apartment building at 110 Kent Avenue in Brooklyn, New York, presents a unique investment opportunity. Located in the heart of the North Williamsburg Waterfront, this property boasts a prime location surrounded by high-end retail and residential developments. The building, constructed in 1925, offers 13,800 square feet on a 13,800 square foot lot, and features three stories. Its classic Brooklyn facade seamlessly blends with the modern architecture of the area, offering a unique architectural gem within the vibrant Marsha P. Johnson Park. The building's interior is bathed in natural light, offering panoramic views of the park and the surrounding neighborhood. The property is zoned M3-1, presenting significant redevelopment potential, particularly given its exceptional location and the high demand for retail and residential space in this area. The asking price is $40,000,000, translating to $2,899 per square foot. This presents a rare chance to acquire a landmark property with substantial upside in one of Brooklyn's most desirable neighborhoods. The property's unique architectural character and prime location make it an ideal candidate for a high-return investment.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING (MULTI-STORY)
Year built 1925
Total area 12,000 SF
Lot 0.11 ac (5,000 SF)
Zoning code M3-1
APN 02316-0049
UPID US63-5255318

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
  • Marketing & Advertising Event Planning
  • (Bike/Boat/Book/etc) Store Corporate Office
  • Marketing & Advertising Advertising Agency
  • Marketing & Advertising
  • Corporate Office

Location

110 Kent Ave Brooklyn, NY 11249
Brooklyn metro Census 55700 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$545k

Owner & transaction history

since 2004
7 recorded transactions
2004
$1.1M
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

M3-1 · 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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message