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    FOR SALE
    Motels

    536 39Th St, Brooklyn, NY 11232

    6,709 SF 0.06 ac lot Built 2009
    Entity Owned 18-yr Hold Free & Clear
    Property ID
    US63-6279933
    Property summary
    AI-generated overview

    This exceptional five-story commercial building, constructed in 2012, presents a compelling investment opportunity in Brooklyn's vibrant Sunset Park neighborhood. Currently operating as a 16-room motel, the property boasts 6,709 square feet on a 2,504 square foot lot. The building features a convenient on-site parking lot, catering to the needs of its guests. An elevator efficiently services all five floors, enhancing guest convenience. The cellar connects directly to the reception area, providing a seamless flow for operations. Its strategic location offers easy access to essential amenities, including supermarkets, restaurants, pharmacies, and banks. The proximity to the 5th Avenue Commercial District further enhances its appeal. Public transportation is readily available, with the D train and B35, B63, and B70 bus routes nearby. This property represents a blend of established income generation and significant potential for future appreciation, situated in a high-demand area experiencing robust growth. The asking price is $4,380,000. This is a rare chance to acquire a well-established hospitality business in a thriving Brooklyn location.

    Property profile
    Verified
    Property type Motels
    Use group MOTEL
    Year built 2009
    Total area 6,709 SF
    Lot 0.06 ac (2,504 SF)
    Zoning code M1-2
    APN 00913-0019
    UPID US63-6279933
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • The Vue Express @ 39th Street Hotel & Motel Bed & Breakfast
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Shine Realty INC · 18 yrs held
    Shine Realty INC
    since 2007
    1 recorded transaction
    2007
    $550,000
    Zoning & alternative use
    M1-2 · Brooklyn, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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