1601 Surf AveBrooklyn, NY 11224

Property Details for 1601 Surf Ave

Year built

2022

Property size (Sq ft)

7,156 SF

Zone code

R7X

Property type

Retail space

APN

07062-1001

APU

70621001

Description

This newly developed retail space in Coney Island, Brooklyn offers 9,900 square feet of vacant commercial space for lease. The property is located on Surf Avenue between West 16th and West 17th Streets, providing excellent visibility and accessibility. Multiple tenancy options are available, with spaces ranging from a minimum of 1,900 square feet to a maximum contiguous space of 5,000 square feet. The building's prime location offers unparalleled access to public transportation, with the Coney Island-Stillwell Avenue station (F, D, N, & Q trains) nearby, as well as numerous bus lines (B36, B82, B74, X38, X28, B64, & B68). This vibrant location boasts a high volume of foot traffic and is surrounded by a diverse range of established businesses, including McDonald's, Mobil, Domino's Pizza, Land Rover Brooklyn, Dollar Tree, White Castle, Dunkin', Auntie Anne's, Raymour & Flanigan, The Home Depot, Cube Smart, Stop & Shop, Chipotle, U-Haul, Starbucks, AutoZone, Key Food, USPS, NY Bread Inc, the New York Aquarium, Best Buy Liquors, Totonno's, and Footprints Cafe, ensuring a strong customer base. The property is situated in Kings County, New York, with a zip code of 11224. This presents a unique opportunity for businesses seeking high-traffic retail space in a bustling and well-established commercial area. Contact us today to learn more about leasing opportunities.

• CAP approach

  CAP return

  Valuation

  6%

  $5,593,202

  6.5%

  $5,162,956

  7%

  $4,794,173

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,904,160

  Geo Method

  $6,904,160

• Alternative Use

  Use

  Valuation

  Residential

  $4,355,146

  Hospitality

  $3,989,290

  Educational

  $3,319,043

  Medical

  $3,433,190

  Retail

  $5,162,956

Location Insight

City

Brooklyn

County

Kings

State

New York

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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