185 Nassau Ave Brooklyn, NY 11222-3508
- Investment properties
- 4,050 SF
- 0.05 lot acres
Current Use by Public Records
- Investment properties
Property Details for 185 Nassau Ave
- Year built
- 1930
- Lot size
- 0.05 lot acres
- Property size
- 4,050 SF
- Zone code
- R6B
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 02653-0037
- APU
- 26530037
Description
This exceptional Greenpoint commercial property offers 3,450 square feet of retail, office, or restaurant space in a prime location. Situated at the corner of Nassau, Humboldt, and Jewel Streets, this single-tenant space boasts over 190 linear feet of three-corner frontage, ensuring maximum visibility and attracting significant foot traffic. The property comprises the combined first floors of two buildings (185 & 189 Nassau Ave), effectively encompassing the entire block. Included is a 450-square-foot, two-car garage providing valuable additional space. The R6B and C2-4 zoning allows for a variety of uses. Conveniently located between McGorlick and McCarren Parks, with easy subway access, this property benefits from a strong local demographic and high pedestrian traffic. This is a rare opportunity to establish a thriving business in a vibrant and rapidly growing neighborhood. The property features two buildings and offers excellent visibility due to its prominent corner location.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $2,450,000
- 6.5%
- $2,260,000
- 7%
- $2,100,000
-
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $2,715,000 Current use
- WAREHOUSE, STORAGE
- $2,240,000 Change: -17% Conversion: Difficult
- OFFICE BUILDING
- $2,230,000 Change: -18% Conversion: Easy
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Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.9457
- Latitude
- 40.7256
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
