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345 Nostrand Ave COMM2 Brooklyn, NY 11216-2892

OFF-MARKET Retail space Google Maps
2,735 SF 0.2 ac lot Built 2014
Entity Owned 8-yr Hold Absentee Owner Free & Clear
Estimated value (blended)
$495k
Range $446k – $545k (±10%)
Property ID US63-5092174

Property summary

AI-generated overview

This exceptional single-tenant office space at 345 Nostrand Avenue in the vibrant Bedford-Stuyvesant neighborhood of Brooklyn, New York, offers 2,900 square feet of versatile commercial space. The property features a 1,600 square foot street-level storefront, ideal for retail or commercial use, complemented by a finished 1,300 square foot basement. This turnkey space is perfectly suited for a variety of professional office uses, including real estate businesses. The building is equipped with energy-efficient lighting and a central heating and cooling system, ensuring both comfort and cost-effectiveness. Located in Kings County (Brooklyn), NY, with a zip code of 11216, this property boasts a highly desirable location within a thriving community. The address is 345 Nostrand Avenue. The building consists of a single suite within a single building. This presents a unique opportunity for a business seeking a well-appointed and conveniently located office space in a dynamic Brooklyn neighborhood. The property's layout and amenities make it an attractive option for businesses seeking a functional and efficient workspace. The combination of street-level storefront and finished basement provides ample space for various business needs. This is a rare opportunity to secure a well-maintained and ready-to-occupy office space in a prime Brooklyn location.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2014
Total area 2,735 SF
Lot 0.2 ac (8,500 SF)
APN 01808-1003
UPID US63-5092174

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
  • Real Estate Agency
  • Real Estate Agency
  • Real Estate Agency
  • Real Estate Agency

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$495k

Owner & transaction history

since 2017
2 recorded transactions
2017
Price N/A
2017
Price N/A

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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