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Property profile & analytics
OFF-MARKET Estimated value $5,800,000
Retail space

550 Vanderbilt Ave RETA Brooklyn, NY 11238-3295

2,450 SF 0.9 ac lot Built 2015
Entity Owned 2-yr Hold ~ Est. High Equity
Property ID
US63-5410682
Property summary
AI-generated overview

This exceptional 2,400 square foot retail space is ideally situated on Vanderbilt Avenue between Pacific and Dean Streets in the vibrant Prospect Heights neighborhood of Kings County. Boasting 70 feet of frontage on Pacific Street, this ground floor space offers immediate possession and is in white box condition, allowing for complete customization to suit your business needs. Previously used as a construction office, the property presents a blank canvas for a variety of retail concepts. The location is unparalleled, situated on one of Prospect Heights' busiest retail corridors, benefiting from high foot traffic and excellent visibility. The property enjoys close proximity to a diverse range of established businesses, including Van Leeuwen Artisan Ice Cream, Ciao Gloria, Olmstead, Weather Up, Bierwax, Chuko, Zaytoon's, Barclays Center, Ample Hills Creamery, LaLou, Alta Calidad, White Tiger, Chelsea Piers Fitness, Brooklyn Tech, and McDonalds. Exceptional transportation access is a key advantage, with the A & C subway lines just one block away at the Clinton-Washington Avenue station. Furthermore, the property is a short walk to Atlantic Avenue, Brooklyn's busiest transportation hub, servicing nearly 14 million passengers annually. All uses are considered. This is a truly remarkable opportunity to establish a thriving business in a high-demand location. Asking rent is available upon request.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2015
Total area 2,450 SF
Lot 0.9 ac (39,392 SF)
APN 01129-1001
UPID US63-5410682
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
  • David Chang Music Tutoring Service Training Center
  • 550 Vanderbilt Condominium Complex
  • Dr. Shustina Physician
  • ParaDocs Medical Services Medical Group
  • Home depo Building Supply Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$5.80M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$5.80M
Owner & transaction history
Rf110 Vanderbilt LLC · 2 yrs held
Rf110 Vanderbilt LLC
since 2024
Last sale
$5.8M
2 recorded transactions
2026
Price N/A
2024
$5.8M
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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