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Property profile & analytics

65 Lafayette Ave Brooklyn, NY 11217

  • Investment properties
  • 3,200 SF
  • 0.04 lot acres
For Lease
Last Sale
Jan 14, 2022
$3,250,000
Value Estimations
$3,395,000
Cap Rate Potential
3.3%
Investment properties
Location Intelligence
Property ID
US63-5582162
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Sharon Burroughs-Clarke a- Corcoran Group / Real Estate Agent
  • Shakti C'Ganti / Real Estate Agent
  • Joyce Haverkamp, Corcoran, Brooklyn Real Estate / Real Estate Agent / Real Estate Rental Agency
  • Lots n Plots / Real Estate Agency

Property Details for 65 Lafayette Ave

Year built
1930
Lot size
0.04 lot acres
Property size
3,200 SF
Zone code
R7A
Property type
Investment properties
Property subtype
Live-work space
APN
02098-0087
APU
20980087

Description

This exceptional retail opportunity is located on Lafayette Avenue in the heart of Fort Greene, Brooklyn. The space boasts a desirable 1,800 square foot ground floor area, complemented by an additional 1,500 square feet in the basement. The property features a 15-foot frontage, providing excellent street visibility and accessibility for customers. Immediate possession is available, allowing for a swift and efficient start to your business. The asking rent is available upon request. This prime location benefits from its proximity to key attractions and amenities, including the Barclays Center, Fort Greene Park, and a vibrant mix of established businesses such as Margot, Tacombi, Whole Foods, Sukh, Baya Bar, and Atlantic Terminal. The area also enjoys exceptional public transportation access, with numerous subway lines (A, C, N, Q, R, 2, 3, 4, 5, G, B, D) converging nearby, including the Fulton Street G train station boasting over one million annual riders. The building is situated within a densely populated residential neighborhood, ensuring a consistent flow of potential customers. The space is versatile and can be vented to accommodate various business needs. The landlord is willing to provide tenant improvements (TI), making this an even more attractive proposition. All uses will be considered, making this a truly unique and adaptable space for a variety of retail or restaurant concepts. This is a rare opportunity to establish a thriving business in one of Brooklyn's most sought-after neighborhoods.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    Statistic approach
    $3,525,000
    ML approach
    $3,650,000
  • CAP approach

    CAP Return
    Estimation
    6%
    $2,480,000
    6.5%
    $2,285,000
    7%
    $2,125,000
  • Comparable approach

    Method
    Estimation
    Statistic Estimate
    $3,709,000
    Market price range: $2.11M - $3.71M
  • Alternative Use

    Use
    Estimation
    COMMERCIAL (GENERAL)
    $2,655,000
    Current use
    AUTO REPAIR, GARAGE
    $2,540,000
    Change: -4% Conversion: Difficult
    RETAIL STORES
    $2,465,000
    Change: -7% Conversion: Easy

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Brooklyn
County
Kings
State
New York
Longitude
-73.9759
Latitude
40.6873
CBSA code
35620
CBSA name
NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$17,650
$159,750
$803,250
$963,000
-
$355,000
$1,785,000
$2,140,000
More about this property
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