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349 Nostrand Ave COMM5 Brooklyn, NY 11216-4670

OFF-MARKET Retail space Google Maps
2,735 SF 0.2 ac lot Built 2014
Entity Owned 8-yr Hold ~ Est. High Equity
Estimated value (blended)
$495k
Range $446k – $545k (±10%)
Property ID US63-5039734

Property summary

AI-generated overview

This exceptional 1,600 square foot commercial space is ideally situated at 349 Nostrand Avenue in the heart of Bed-Stuy, Brooklyn, New York (zip code 11216). Located in Kings County, this single-tenant property offers a versatile space suitable for a variety of businesses. The property type is classified as Retail, Office, and Restaurant, with subtypes including Traditional Office, Coworking, Medical Office, and Creative Office. Its prime corner location ensures high foot traffic and excellent visibility, making it perfect for businesses seeking maximum exposure. The surrounding area boasts a thriving mix of established businesses, trendy cafes, and a diverse community, creating a vibrant and bustling atmosphere. This property presents a unique opportunity for businesses seeking a flexible lease term tailored to their specific needs. The space is well-suited for a range of uses, including boutique retailers, creative studios, professional services, art galleries, restaurants, and cafes. Don't miss this chance to establish your business in a highly sought-after Brooklyn neighborhood.

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 01808-1009
UPID US63-5039734

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
  • Discount Store
  • Home Decor Store Department Store
  • Department Store

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
1 recorded transaction
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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