265 Ocean Pkwy Brooklyn, NY 11218
- Retail residential properties
- 26,321 SF
- 0.11 lot acres
Current Use by Public Records
- Retail residential properties
Property Details for 265 Ocean Pkwy
- Year built
- 2008
- Lot size
- 0.11 lot acres
- Property size
- 26,321 SF
- Zone code
- R7A
- Property type
- Retail residential properties
- APN
- 05358-0091
- APU
- 53580091
Description
This exceptional 2,300 square foot office space is ideally situated at 265 Ocean Parkway in the vibrant Kensington neighborhood of Brooklyn, New York. The property is a single-tenant occupancy, offering a unique opportunity for a business seeking a well-located and spacious office environment. The building is conveniently located between Beverley Road and Avenue C, providing easy access to a wide array of amenities and transportation options. Commuters will appreciate the proximity to the Church Avenue subway station, serviced by the F and Q trains, as well as numerous bus lines including the B35, BM4, BM3, B103, B68, B67, and B69. The area boasts a thriving commercial landscape with a diverse range of established businesses nearby. These include well-known national chains such as KFC, Walgreens, and The UPS Store, alongside a variety of local favorites such as Prospect Fitness, Dunya Kabab House, Natural Frontier Market, Sycamore Bar + Flower Shop, and many more restaurants and retail establishments. This prime location offers excellent visibility and accessibility, making it an attractive option for a variety of businesses. The property is classified as both Office and Special Purpose, and further categorized as an Office and Community Facility. The property is located in Kings County, New York, with a zip code of 11218.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,300,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,435,000
- 6.5%
- $2,430,000
- 7%
- $2,420,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,405,000
- Geo Method
- $2,600,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,240,000
- Retail
- $2,160,000
- Mixed-Use
- $1,870,000
- Hospitality
- $1,820,000
- Educational
- $1,770,000
- Residential Income
- $2,310,000
- Energy
- $1,980,000
- Income-Based Land
- $2,085,000
- Food Service
- $2,105,000
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.9734
- Latitude
- 40.643
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
