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340 Metropolitan Ave RTL Brooklyn, NY 11211-5985

OFF-MARKET Retail space Google Maps
408 SF Built 2020
Entity Owned 3-yr Hold Free & Clear
Estimated value (blended)
$170k
Range $153k – $187k (±10%)
Property ID US63-0815620

Property summary

AI-generated overview

This exceptional 375-square-foot retail space is ideally situated at 340 Metropolitan Avenue in the vibrant Williamsburg submarket of Brooklyn, New York. Located in Kings County, this single-tenant property offers a fantastic opportunity for a business seeking a high-visibility location within a bustling commercial district. The entire space is currently vacant, providing a blank canvas for a new tenant to customize to their specific needs. The address boasts excellent street frontage and high foot traffic, ensuring maximum exposure for any business. The property is classified as commercial retail and is perfect for a variety of uses, subject to applicable zoning regulations. With its convenient location in the heart of Williamsburg, this space offers unparalleled access to a diverse and densely populated customer base. The property's size makes it suitable for a boutique shop, a pop-up store, or a small office with retail frontage. This is a rare opportunity to secure a prime retail location in one of Brooklyn's most sought-after neighborhoods. The zip code is 11211. The property's coordinates are latitude 40.7141017 and longitude -73.9568212. This space is available for lease and presents a compelling investment opportunity for a discerning business owner. Serious inquiries are encouraged.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2020
Total area 408 SF
Zoning code M12R6A
APN 02368-1101
UPID US63-0815620

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 Bakery

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$240k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$170k

Owner & transaction history

since 2023
Last sale
$176,500
1 recorded transaction
2023
$176,500

Zoning & alternative use

M12R6A · 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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