65 Lafayette Ave Brooklyn, NY 11217
- Investment properties
- 3,200 SF
- 0.04 lot acres
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 Consultant
- 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 Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $3,525,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $3,080,000
- 6.5%
- $3,165,000
- 7%
- $3,335,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $3,060,000
- Geo Method
- $3,600,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,630,000
- Retail
- $2,805,000
- Mixed-Use
- $2,780,000
- Hospitality
- $2,935,000
- Educational
- $3,445,000
- Residential Income
- $3,025,000
- Energy
- $3,295,000
- Income-Based Land
- $2,865,000
- Food Service
- $2,840,000
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