234 Broadway Brooklyn, NY 11211-6203
- Office buildings
- 12,000 SF
- 0.10 lot acres
Dec 20, 2024
Current Use by Public Records
- Morson Hat Corporation / Hat Shop
- Krausz Hatters / Hat Shop
- one stop manufacturing services / Corporate Office
Property Details for 234 Broadway
- Year built
- 1920
- Lot size
- 0.10 lot acres
- Property size
- 12,000 SF
- Zone code
- C4-3
- Property type
- Office buildings
- APN
- 02140-0009
- APU
- 21400009
Description
This exceptional 3,000-square-foot creative office space is situated on the third floor of a charming, turn-of-the-century brick building in the vibrant Williamsburg neighborhood of Kings County. The single-tenant occupancy offers a unique opportunity for a variety of businesses. Boasting oversized windows and high ceilings, the space is flooded with natural light, creating a bright and inspiring work environment. The layout includes two bathrooms, a large and a smaller private office, a reception area, and a generously sized open-plan room, providing ample flexibility for different configurations. A fully installed HVAC system ensures year-round comfort. The building's location in a high-traffic area offers excellent visibility and accessibility. While there is no elevator, the third-floor location provides a sense of privacy and exclusivity. The space is ideally suited for a range of commercial uses, including, but not limited to, yoga studios, traditional offices, or large art studios. This rarely available full floor presents a compelling opportunity to establish a thriving business in a sought-after location. Showings are available by appointment only.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $7,000,000
- ML approach
- $7,000,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $5,320,000
- 6.5%
- $4,915,000
- 7%
- $4,560,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $6,895,000
Market price range: $4.35M - $11.0M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $6,605,000 Current use
- AUTO REPAIR, GARAGE
- $9,535,000 Change: +44% Conversion: Difficult
- RETAIL STORES
- $9,240,000 Change: +40% Conversion: Moderate
- COMMERCIAL (GENERAL)
- $8,075,000 Change: +22% Conversion: Easy
- INDUSTRIAL (GENERAL)
- $6,810,000 Change: +3% Conversion: Difficult
- WAREHOUSE, STORAGE
- $6,015,000 Change: -9% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.9603
- Latitude
- 40.7089
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA