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    FOR SALE
    Medical space

    888 Jamaica Ave, Brooklyn, NY 11208

    Entity Owned 7-yr Hold
    Property ID
    US63-0040003
    Property summary
    AI-generated overview

    This exceptional 8,850-square-foot retail space is located at 888 Jamaica Avenue in the Cypress Hill submarket of Brooklyn, Kings County, New York. Classified as Class A, this single-tenant property underwent a complete renovation in 2023, boasting a brand-new roof and sidewalk. The property is zoned for a variety of uses, offering significant flexibility for potential tenants. The building offers convenient access to nine parking spaces, a valuable asset for both customers and employees. Situated in the vibrant Cypress Hill area, this location provides excellent visibility and accessibility, making it an ideal space for a wide range of businesses. The property's 8,850 square feet of retail space presents a significant opportunity for businesses seeking a prominent presence in a thriving Brooklyn neighborhood. With its recent renovation and ample parking, this property is ready for immediate occupancy. The property's address is 888 Jamaica Avenue, Brooklyn, NY 11208. The property type is retail, with office and medical subtypes. This is a single-tenant space.

    Property profile
    Verified
    Property type Medical space
    UPID US63-0040003
    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
    • Family Dollar Discount Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Panic5 LLC · 7 yrs held
    Panic5 LLC
    since 2019
    3 recorded transactions
    2019
    $3.7M
    2019
    2016
    $4.0M
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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