35 Commercial St, Unit 6 Brooklyn, NY 11222-7931
- Retail space
- 4,739 SF
Current Use by Public Records
- 35 Commercial Street / Apartment Building
Property Details for 35 Commercial St
- Property size
- 4,739 SF
- Zone code
- R6
- Property type
- Retail space
- APN
- 02472-1006
- APU
- 24721006
Description
This exceptional 4,377 square foot retail space, located at 35 Commercial Street in Greenpoint, Brooklyn, presents a unique opportunity for a restaurant or similar retail establishment. Situated within the vibrant Greenpoint Landing development, a 22-acre master-planned community along the East River waterfront, this Class A space boasts unparalleled visibility and access to a thriving residential population. The building, opening Summer 2023, will house 374 residential units, ensuring a built-in customer base. The space itself features desirable attributes including 12-foot open ceilings, large wraparound windows providing ample natural light, high amperage electrical service, ADA-compliant bathrooms, and efficient ventilation systems. The property is zoned R6, R8, and C2-4, allowing for a variety of uses. Greenpoint Landing offers four acres of public open space and additional retail shops, creating a dynamic and attractive environment for businesses. With unobstructed views of the Manhattan skyline and its location in one of New York City's most dynamic neighborhoods, this space offers an exceptional opportunity for growth and success. Approximately 3,000 residential units within Greenpoint Landing are already completed or under construction, further solidifying the area's burgeoning residential community. Contact us today to discuss pricing and obtain detailed floor plans.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $560,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $780,000
- 6.5%
- $730,000
- 7%
- $845,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $870,000
- Geo Method
- $680,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $805,000
- Retail
- $795,000
- Mixed-Use
- $685,000
- Hospitality
- $605,000
- Educational
- $670,000
- Residential Income
- $675,000
- Energy
- $685,000
- Income-Based Land
- $745,000
- Food Service
- $615,000
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.9582
- Latitude
- 40.7369
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
