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    Property profile & analytics
    OFF-MARKET
    Commercial real estate

    255 Nostrand Ave, Brooklyn, NY 11205

    Entity Owned 4-yr Hold
    Property ID
    US63-4348992
    Property summary
    AI-generated overview

    This exceptional 2,900 square foot commercial property, located on Nostrand Avenue, is ideally suited for a restaurant. The space boasts impressive 20-foot ceilings, creating a dramatic and spacious atmosphere perfect for a high-end dining experience or a vibrant, open concept eatery. The single-tenant occupancy ensures complete control and customization of the layout and design. The building's unique architectural features, including an overpass, offer a distinctive visual appeal and potential for creative branding opportunities. The property is classified as Retail, Office, and Special Purpose, providing flexibility for various uses within the restaurant sector. Its strategic location on Nostrand Avenue presents excellent visibility and accessibility for customers. This is a rare opportunity to acquire a substantial and uniquely designed commercial space in a desirable location. The property's size and features make it an attractive investment for established restaurant businesses seeking expansion or new ventures looking to establish a strong presence in the area. The high ceilings provide ample space for creative design and efficient workflow. The single-tenant occupancy eliminates the complexities of multi-tenant management, simplifying operations and maximizing control. This property offers a unique blend of size, location, and architectural character, making it a truly exceptional opportunity.

    Property profile
    Verified
    Property type Commercial real estate
    UPID US63-4348992
    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
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    253-255 Nostrand LLC · 4 yrs held
    253-255 Nostrand LLC
    since 2021
    1 recorded transaction
    2021
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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