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    FOR LEASE
    Retail space

    564 5Th Ave, Brooklyn, NY 11215

    2,610 SF 0.06 ac lot Built 1925
    Individually Owned 9-yr Hold Free & Clear
    Property ID
    US63-0786052
    Property summary
    AI-generated overview

    This exceptional retail property, located at 564 5th Avenue in the vibrant Brooklyn, New York, offers a total of 5,600 square feet of commercial space. Currently, the entire building is available for lease, presenting a unique opportunity for a single tenant or two separate businesses. The property is configured as two suites, each measuring 2,800 square feet. This allows for flexibility, accommodating either a single large tenant requiring the entire space or two smaller tenants seeking individual units. The minimum leasable space is 2,800 square feet, with a maximum contiguous space also at 2,800 square feet. Situated in Kings County, with a convenient 11215 zip code, this location benefits from high visibility and foot traffic. The property's classification is retail commercial, making it ideal for a wide range of businesses. This is a rare opportunity to secure a substantial retail presence in a thriving Brooklyn neighborhood. The property's size and layout offer significant potential for a variety of retail concepts. Interested parties are encouraged to inquire for further details and leasing options. The entire 5,600 square feet is currently vacant, providing immediate occupancy.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1925
    Total area 2,610 SF
    Lot 0.06 ac (2,760 SF)
    Zoning code C43A
    APN 01047-0045
    UPID US63-0786052
    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
    • #1 Brooklyn Furniture Furniture & Home Goods Home Decor Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $1.19M
    Blend (final) Blend
    $970k
    Owner & transaction history
    5th Avenue & 16th Street Assoc · 9 yrs held
    5th Avenue & 16th Street Assoc
    since 2017
    2 recorded transactions
    2017
    2011
    Zoning & alternative use
    C43A · Brooklyn, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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