160 Imlay StBrooklyn, NY 11231

Property Details for 160 Imlay St

Year built

1913

Lot size

1.39 AC

Property size (Sq ft)

2,839 SF

Zone code

M2-1

Property type

Office properties

APN

00515-1006

APU

5151006

Description

This 8,242 square foot single-tenant retail condominium at 160 Imlay Street in Brooklyn's Red Hook submarket offers a unique opportunity. Boasting 12 to 16-foot ceilings, floor-to-ceiling windows, and breathtaking skyline and water views, this versatile space is ideal for a variety of uses. The property is part of a recently completed residential conversion, with all 70 residential units selling quickly, demonstrating strong area demand. The location benefits from the upcoming "Harbor of the Future" development, a massive mixed-use project at the adjacent Brooklyn Marine Terminal, poised to transform Red Hook into a premier NYC destination. The space's open layout and striking views make it suitable for various concepts, from traditional retail to large-scale fitness studios, schools, or event spaces. The potential exists to combine this retail space with seven additional office condos (20,810 square feet) on the second floor, which may be converted to residential units in the future. A total of 21 parking spaces are also available. This property presents a compelling investment opportunity in a rapidly developing neighborhood.

• CAP approach

  CAP return

  Valuation

  6%

  $469,372

  6.5%

  $433,266

  7%

  $402,318

• Comparable approach

  Method

  Valuation

  Relative Method

  $370,944

  Geo Method

  $370,944

• Alternative Use

  Use

  Valuation

  Residential

  $537,250

  Hospitality

  $492,118

  Educational

  $409,436

  Medical

  $423,518

  Retail

  $636,901

Location Insight

City

Brooklyn

County

Kings

State

New York

Latitude

40.6811

Longitude

-74.0101

CBSA code

35620

CBSA name

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

Property Tax & Assessments

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