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Property profile

888 Jamaica Ave Brooklyn, NY 11208

Retail properties & Spaces
Property ID
US63-0040003
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Entity Owned 7-yr Hold

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 Retail properties & Spaces
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

Current use

Occupant on record · Public records
  • Discount Store

Value estimations

Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Owner & transaction history

since 2019
3 recorded transactions
2019
$3.7M
2019
Price N/A
2016
$4.0M

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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