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    FOR LEASE
    Office buildings

    1612 Neptune Ave, Brooklyn, NY 11224

    3,405 SF 0.04 ac lot Built 1928
    Entity Owned 10-yr Hold Free & Clear
    Property ID
    US63-2704823
    Property summary
    AI-generated overview

    This exceptional 1,100 square foot traditional office space is ideally located at 1612 Neptune Avenue, 2nd Floor, in Brooklyn, NY 11224. Situated between West 16th and West 17th Streets, this single-tenant property offers a convenient and accessible location. The space boasts a large open office area, perfect for a variety of business configurations, and includes two bathrooms for added convenience. The property is zoned C8-1, providing flexibility for various commercial uses. Its second-floor position offers a degree of privacy and quiet, while its proximity to public transportation ensures easy commutes for employees and clients. This is a fantastic opportunity to secure a well-appointed office space in a thriving Brooklyn neighborhood. The property is ready for immediate occupancy, offering a turnkey solution for businesses seeking a functional and well-located office environment. The building's location provides easy access to local amenities and a vibrant community. This is a rare opportunity to acquire a well-maintained and strategically positioned office space in a highly desirable area. Don't miss out on this chance to establish your business in a prime Brooklyn location.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING (MULTI-STORY)
    Year built 1928
    Total area 3,405 SF
    Lot 0.04 ac (1,725 SF)
    Zoning code C8-1
    APN 07021-0008
    UPID US63-2704823
    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
    • Star Fine Food IV Restaurant
    • Abba Local Transportation Handicapped Transportation Service
    • Majestic Industries Inc (Temp agency) 24hrs/7 days we can be reached by phone Employment Agency
    • Great State Ambulette Services Inc Freight Service Logistics Company
    • Coast to Coast Construction & Development Services, Inc Construction Company General Contractor
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $890k
    Owner & transaction history
    Neptune Realty Of Ny LLC · 10 yrs held
    Neptune Realty Of Ny LLC
    since 2016
    3 recorded transactions
    2021
    2016
    $700,000
    2006
    Zoning & alternative use
    C8-1 · Brooklyn, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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