Property profile

450 Grand Ave COM-1 Brooklyn, NY 11238

OFF-MARKET
Office Spaces
Property ID
US63-4625299
Entity Owned 1-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional Class A retail property, built in 2024, offers 6,000 square feet of immediately available space within a larger 41,385 square foot building. Located in the vibrant Clinton Hill neighborhood of Brooklyn, New York, this mixed-use development boasts six individual retail suites, each a minimum of 910 square feet and a maximum of 6,000 contiguous square feet. Each suite is meticulously finished, featuring black-iron venting, HVAC systems, and dedicated storage areas. The building is conveniently situated on Grand Avenue, just off Fulton Street, offering excellent visibility and accessibility. Its proximity to the Putnam Triangle, Barclay's Center, and numerous public transportation options ensures high foot traffic and convenient access for both customers and employees. The property sits on 0.22 acres of land and features eight stories, elevators, and ample parking. The zoning is R7A, C2-4, and the Kings County APN is 01981-0070. Property taxes are $10.50 per square foot. This is a truly unique opportunity to establish a thriving business in one of Brooklyn's most desirable locations. The building's modern design and amenities, combined with its prime location, make it an ideal space for a variety of retail uses, including cafes, restaurants, bars, salons, and other retail establishments.

Property profile

Verified
Property type Office Spaces
Use group CONDOMINIUM OFFICES
APN 01981-1001
UPID US63-4625299

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

Location

450 Grand Ave, Unit COM-1 Brooklyn, NY 11238-7634
Brooklyn metro Census 20100 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
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$215k

Owner & transaction history

since 2024
4 recorded transactions
2025
Price N/A
2025
Price N/A
2024
Price N/A
2024
$1.4M

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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