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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

1606 Canarsie Rd Brooklyn, NY 11236

1 SF
Property ID
US63-4054524
Property summary
AI-generated overview

This exceptional investment opportunity presents a 1-square-foot retail space located at 1606 Canarsie Road in Brooklyn, New York, 11236, Kings County. Listed at $849,000, this property offers a unique proposition for investors seeking a high-value, compact retail presence. While the square footage is listed as 1 square foot, the provided marketing description details a 2-family home with significant potential for redevelopment or repurposing into a retail space. The property's location in the heart of Canarsie offers convenient access to the Canarsie Pier and the Belt Parkway, ensuring high visibility and accessibility. The existing structure features a 3-bedroom unit over a 2-bedroom unit, plus a finished basement accessible from both inside and outside. An enclosed backyard provides additional space. Recent improvements include a new roof (installed within the past year), a recently replaced hot water heater, and a furnace replaced approximately six years ago. While the property requires updating, this presents a chance to customize the space to meet specific retail needs. Please allow 24-48 hours' notice for showings. This is an ideal opportunity for an investor seeking a high-value, strategically located property with significant upside potential.

Property profile
Verified
Property type Retail properties & Spaces
Total area 1 SF
UPID US63-4054524
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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