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28 Herbert St Brooklyn, NY 11222-5011

OFF-MARKET Retail residential properties Google Maps
29,685 SF 0.15 ac lot Built 2023
Individually Owned Free & Clear
Estimated value (blended)
$9.52M
Range $8.56M – $10.47M (±10%)
Property ID US63-2630604

Property summary

AI-generated overview

This exceptional 4,465-square-foot retail space is located on the ground floor of a brand-new luxury development in the vibrant Williamsburg neighborhood of Brooklyn, Kings County. Situated at 28 Herbert Street, on the corner of Herbert and Humboldt Streets, this single-tenant space offers unparalleled visibility and accessibility. The property boasts a significant 4,465 square feet of ground floor space, currently vacant and ready for immediate occupancy. Adding to its appeal is an additional 390 square feet of outdoor space, perfect for al fresco dining or product displays, and a 500-square-foot basement providing ample storage options. Designed for dry use, the space features an ADA-compliant ramp ensuring accessibility for all patrons. The wraparound frontage maximizes street presence, attracting significant foot traffic. The layout is flexible, allowing for logical divisions to suit various business needs. Its prime location offers easy access via exit 33 of the Brooklyn Queens Expressway, ensuring convenient access for customers and employees. The building is scheduled for completion in the first quarter of 2025, presenting a unique opportunity to establish a business in a thriving, newly developed area. This is a truly remarkable opportunity for a discerning tenant seeking a high-impact retail location in a rapidly developing area.

Property profile

Verified
Property type Retail residential properties
Use group STORES & APARTMENTS
Year built 2023
Total area 29,685 SF
Lot 0.15 ac (6,735 SF)
Zoning code R6
APN 02725-0013
UPID US63-2630604

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
  • Real Estate Agency
  • Construction Company General Contractor

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$9.52M

Owner & transaction history

since 2026
Last sale
$1.0M
7 recorded transactions
2026
$1.0M
2025
$2.4M
2025
$2.0M
2025
$2.0M
2025
$3.1M
2025
$1.2M
2022
$8.0M

Zoning & alternative use

R6 · Brooklyn, NY

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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