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Property profile

245 48Th St Brooklyn, NY 11220

OFF-MARKET
Office Spaces
Property ID
US63-0780285
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Property summary

AI-generated overview

This exceptional 650-square-foot office space is ideally located at 245 48th Street in Brooklyn, Kings County, New York, zip code 11220. The property is a single-tenant space, perfect for a small business or growing company seeking a versatile workspace. Its classification encompasses Traditional Office, Creative Office, and Coworking spaces, offering flexibility to suit various business needs. Situated on the ground floor, this easily accessible location provides convenient entry and exit. The space includes the benefit of split HVAC units, ensuring individual climate control for optimal comfort and efficiency. Its strategic location offers easy access to New York City via the Hugh L. Carey Tunnel, providing seamless connectivity to the broader metropolitan area. This property presents a unique opportunity for businesses seeking a well-appointed and conveniently located office space in the vibrant Brooklyn neighborhood. The property type is officially classified as an office building. The address is 245 48th Street.

Property profile

Verified
Property type Office Spaces
UPID US63-0780285

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store Building Supply
  • Rental Equipment Company

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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