You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
Back to Search
Property profile & analytics
OFF-MARKET Estimated value $8,875,000
Investment properties

1720 Sheepshead Bay Rd 28 Brooklyn, NY 11235-3605

37,363 SF 0.56 ac lot Built 1927
Entity Owned 4-yr Hold Free & Clear
Property ID
US63-0848971
Property summary
AI-generated overview

This exceptional three-story commercial property, located at 1720 Sheepshead Bay Road in Brooklyn, NY (zip code 11235), presents a unique investment opportunity. Boasting a total of 37,363 square feet on a 20,590 square foot lot, this property features four units currently occupied by a diverse mix of tenants including a restaurant, convenience store, hair salon, and a large fitness center. The ground floor encompasses 8,000 square feet, housing the restaurant, convenience store, and hair salon. The fitness center occupies 14,000 square feet on the ground level, and an additional 20,000 square feet on the second floor and 6,500 square feet on the third floor, totaling 40,500 square feet and potentially available vacant. Ceiling heights range from 11 to 20 feet. The building benefits from a highly visible location directly off Exit 8 of the Belt Parkway westbound, providing excellent marketing potential. Its proximity to the B/Q Sheepshead Bay train station, a large municipal parking lot, and a bus stop further enhances its accessibility and appeal. Two convenient entrances, one on Sheepshead Bay Road and another on Shore Parkway North, serve the property. The asking price for this remarkable investment opportunity is $16,500,000. Proof of funds or a bank pre-qualification letter is required before scheduling a viewing.

Property profile
Verified
Property type Investment properties
Use group STORE/OFFICE (MIXED USE)
Year built 1927
Total area 37,363 SF
Lot 0.56 ac (24,214 SF)
Zoning code R4
APN 08770-0013
UPID US63-0848971
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
  • 24 hours fitness Gym & Fitness Center
  • La fitness sheephadbay road Gym & Fitness Center
  • LibertyX Bitcoin ATM Atm
  • Deli cafe & juice bar Food Market Restaurant
  • Ufc gym Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$9.19M
CAP Approach CAP
by Request
Comparable Approach Comparable
$5.69M
Blend (final) Blend
$8.88M
Owner & transaction history
Boca Partner Ventures II LLC · 4 yrs held
Boca Partner Ventures II LLC
since 2021
Last sale
$8.5M
2 recorded transactions
2021
$8.5M
2020
Price N/A
Zoning & alternative use
R4 · Brooklyn, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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?”
You own 1720 Sheepshead Bay Rd, Unit 28?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
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