1637 Sheepshead Bay RdBrooklyn, NY 11235

Property Details for 1637 Sheepshead Bay Rd

Property size (Sq ft)

13,149 SF

Property type

Mixed-use properties

Description

This exceptional mixed-use building, located at 1637 Sheepshead Bay Road in Brooklyn, Kings County, New York (zip code 11235), presents a compelling investment opportunity. The property boasts a substantial 13,149 square feet of space, situated on an 8,850 square foot lot. Currently priced at $7,500,000, it offers a compelling 6.00% capitalization rate with a Net Operating Income (NOI) of $445,461. The price per square foot is $570.39. The building is zoned C4-2, allowing for a variety of uses. A key feature is the significant 50-foot frontage on Sheepshead Bay Road, ensuring high visibility and accessibility. Furthermore, the property benefits from its location in a high-traffic area and its proximity to a subway station, enhancing its appeal to both tenants and customers. An added advantage is the significant unused floor area ratio (FAR) of 15,729 square feet, presenting potential for future expansion or redevelopment. A 3D virtual tour is available online for a comprehensive view of the property. This is a rare opportunity to acquire a well-positioned mixed-use asset in a thriving Brooklyn neighborhood.

Location Insight

City

Brooklyn

County

Kings

State

New York

Latitude

40.5868

Longitude

-73.952

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