Property profile

535 Carlton Ave B Brooklyn, NY 11238

OFF-MARKET
Office Spaces
Property ID
US63-3533735
229,137 SF 0.77 ac lot Built 2017
Entity Owned 2-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional mixed-use property at 535 Carlton Avenue in Kings County offers a unique retail or restaurant opportunity. The building totals 2,012 square feet and currently features one available suite encompassing 689 square feet, perfect for a variety of businesses. Its strategic location at the base of a 298-unit residential building ensures a built-in customer base, while the outdoor patio seating adds significant appeal. The property benefits from exceptional accessibility, situated just two blocks from the bustling Atlantic Terminal transportation hub, providing access to over 11 subway lines and the Long Island Rail Road (LIRR). This prime location is poised for significant growth, with an anticipated influx of 6,000 new residential units in the immediate vicinity. The property is available for immediate possession, allowing for a swift and seamless transition for the new tenant. The building's mixed-use nature presents a versatile opportunity for a business seeking high visibility and convenient access to a large and growing residential population. This is an unparalleled chance to establish a thriving business in a rapidly developing area with excellent transportation links and a strong residential foundation. The available space offers immediate occupancy, allowing for a quick start to operations. Don't miss this opportunity to secure a prime retail location in a vibrant and expanding neighborhood.

Property profile

Verified
Property type Office Spaces
Use group CONDOMINIUM OFFICES
Year built 2017
Total area 229,137 SF
Lot 0.77 ac (33,347 SF)
Zoning code M1-1
APN 01129-1302
UPID US63-3533735

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
  • Electric Vehicle Charging Station
  • Apartment Complex
  • Bakery (Bike/Boat/Book/etc) Store
  • Clothing & Fashion Store
  • Gym & Fitness Center

Location

535 Carlton Ave, Unit B Brooklyn, NY 11238-4459
Brooklyn metro Census 16300 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$105.17M
CAP Approach CAP
$93.81M
Comparable Approach Comparable
by Request
Blend (final) Blend
$105.17M

Owner & transaction history

since 2024
Last sale
$105.2M
2 recorded transactions
2024
$105.2M
2022
$128.1M

Zoning & alternative use

M1-1 · Brooklyn, NY
Top alternative use upside
Commercial (general) $146.2M +15.9%
Industrial (general) $130.1M +3.1%

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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