Property profile

8751 18th Ave Brooklyn, NY 11214

OFF-MARKET
Office buildings
Property ID
US63-5990761
11,061 SF 0.28 ac lot Built 2008
Entity Owned 11-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 6,000-square-foot retail space is available for lease at 8751 18th Avenue in the vibrant Brooklyn neighborhood of New York. Located in Kings County, this single-tenant property presents a unique opportunity for businesses seeking a prominent location. The entire 6,000 square feet is currently vacant, offering a blank canvas for a new tenant to customize the space to their exact specifications. The property's classification is retail commercial, making it ideal for a wide range of businesses. Its address is 8751 18th Avenue, Brooklyn, NY 11214. The property's geographic coordinates are latitude 40.6041396 and longitude -74.005545. This substantial space provides ample room for a large-scale retail operation or could be subdivided to accommodate multiple smaller businesses (subject to approvals). The property's single-tenant occupancy ensures a streamlined leasing process and provides a dedicated space for the tenant's exclusive use. This prime location offers excellent visibility and accessibility, making it an attractive proposition for businesses seeking high foot traffic and convenient access for customers. The property is ready for immediate occupancy, allowing for a swift and efficient start to operations. Serious inquiries are encouraged to explore this exceptional retail leasing opportunity.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING (MULTI-STORY)
Year built 2008
Total area 11,061 SF
Lot 0.28 ac (12,009 SF)
Zoning code C8-1
APN 06403-0008
UPID US63-5990761

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Electric Utility Company
  • Electric Utility Company
  • Electric Utility Company

Location

8751 18th Ave Brooklyn, NY 11214-4605
Brooklyn metro Census 28000 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$5.00M
Comparable Approach Comparable
by Request
Blend (final) Blend
$625k

Owner & transaction history

since 2015
3 recorded transactions
2021
Price N/A
2015
$4.6M
2005
$2.0M

Zoning & alternative use

C8-1 · Brooklyn, NY

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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