1720 Sheepshead Bay Rd 28 Brooklyn, NY 11235-3605
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.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
R4 · Brooklyn, NYBrooklyn. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.