Property profile

380 Troutman St Brooklyn, NY 11237

OFF-MARKET
Drive through restaurants
Property ID
US63-4043481
2,400 SF 0.06 ac lot Built 1910
Entity Owned 1-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 2,500-square-foot retail space at 380 Troutman Street in Brooklyn's vibrant Bushwick neighborhood presents a unique investment opportunity. Built in 2019 and renovated the same year, this Class A property boasts a single-tenant occupancy and is situated on a 2,500-square-foot lot. The building features a single story and offers 600 AMPS of power. While elevators are not present, the property's convenient location and modern construction more than compensate. Its M1-1 zoning makes it ideally suited for a variety of uses, including restaurants, clubs, and lounges, aligning perfectly with the area's thriving nightlife and culinary scene. Located just one block from the L train's Jefferson stop, this property enjoys unparalleled accessibility. The "white box" interior provides a blank canvas for customization, allowing for complete creative control in designing the perfect space. Surrounded by a vibrant mix of established businesses and new ventures, this property is positioned for immediate success within a dynamic and rapidly growing community in Kings County. This is a rare chance to acquire a high-quality retail space in one of Brooklyn's most sought-after submarkets.

Property profile

Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 1910
Total area 2,400 SF
Lot 0.06 ac (2,500 SF)
Zoning code M1-1
APN 03188-0027
UPID US63-4043481

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

380 Troutman St Brooklyn, NY 11237-2614
Brooklyn metro Census 44700 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$450k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$450k

Owner & transaction history

since 2024
7 recorded transactions
2024
Price N/A
2020
$950,000
2013
Price N/A
2012
$425,000
2007
$350,000
2005
$240,000
2004
$90,500

Zoning & alternative use

M1-1 · 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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