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    Property profile & analytics
    OFF-MARKET
    Commercial real estate

    99 Varet St, Brooklyn, NY 11206

    Built 1990
    Entity Owned
    Property ID
    US63-5947803
    Property summary
    AI-generated overview

    This exceptional retail property, located at 99 Varet Street in Kings County, presents a unique investment opportunity. The building, constructed in 1990 and extensively renovated in 2022, boasts a single-tenant occupancy and a total area of 1,650 square feet. Situated on the first level, this prime retail space benefits from its location between two bustling avenues in a densely populated area, ensuring high visibility and foot traffic. The building itself is a four-story structure, offering potential for future expansion or vertical integration, subject to local zoning regulations. The recent renovation ensures the space is modern and ready for immediate occupancy, minimizing upfront capital expenditures for the new tenant. The property's strategic location and modern amenities make it an ideal space for a variety of retail businesses seeking a high-traffic, high-visibility location. The single-tenant occupancy provides a stable income stream and simplifies management. This is a rare opportunity to acquire a well-maintained, newly renovated retail space in a thriving commercial area. Further details regarding lease terms and financial information are available upon request. The cross street is Graham Avenue.

    Property profile
    Verified
    Property type Commercial real estate
    Year built 1990
    UPID US63-5947803
    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
    • Elegance on Varet Hotel & Motel Resort
    • Extravagant Events and Suites Hotel & Motel Resort
    • MomsCleaningNYC Hardware & Home Improvement
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    101 Varet USA LLC
    101 Varet USA LLC
    since 2026
    4 recorded transactions
    2026
    2022
    2022
    2021
    $1.6M
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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