Technical
Financial
Distress signals
Property profile

1601 Surf Ave Brooklyn, NY 11224

FOR LEASE
Retail space
Property ID
US63-2195169
7,156 SF Built 2022
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This newly developed retail space in Coney Island, Brooklyn offers 9,900 square feet of vacant commercial space for lease. The property is located on Surf Avenue between West 16th and West 17th Streets, providing excellent visibility and accessibility. Multiple tenancy options are available, with spaces ranging from a minimum of 1,900 square feet to a maximum contiguous space of 5,000 square feet. The building's prime location offers unparalleled access to public transportation, with the Coney Island-Stillwell Avenue station (F, D, N, & Q trains) nearby, as well as numerous bus lines (B36, B82, B74, X38, X28, B64, & B68). This vibrant location boasts a high volume of foot traffic and is surrounded by a diverse range of established businesses, including McDonald's, Mobil, Domino's Pizza, Land Rover Brooklyn, Dollar Tree, White Castle, Dunkin', Auntie Anne's, Raymour & Flanigan, The Home Depot, Cube Smart, Stop & Shop, Chipotle, U-Haul, Starbucks, AutoZone, Key Food, USPS, NY Bread Inc, the New York Aquarium, Best Buy Liquors, Totonno's, and Footprints Cafe, ensuring a strong customer base. The property is situated in Kings County, New York, with a zip code of 11224. This presents a unique opportunity for businesses seeking high-traffic retail space in a bustling and well-established commercial area. Contact us today to learn more about leasing opportunities.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2022
Total area 7,156 SF
Zoning code R7X
APN 07062-1001
UPID US63-2195169

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
  • Parking Lot & Garage

Location

1601 Surf Ave Brooklyn, NY 11224
Brooklyn metro 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
$2.69M

Owner & transaction history

Zoning & alternative use

R7X · 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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