349 Nostrand AveBrooklyn, NY 11216

Property Details for 349 Nostrand Ave

Year built

2014

Lot size

0.20 AC

Property size (Sq ft)

2,735 SF

Property type

Retail space

APN

01808-1009

APU

18081009

Description

This exceptional 1,600 square foot commercial space is ideally situated at 349 Nostrand Avenue in the heart of Bed-Stuy, Brooklyn, New York (zip code 11216). Located in Kings County, this single-tenant property offers a versatile space suitable for a variety of businesses. The property type is classified as Retail, Office, and Restaurant, with subtypes including Traditional Office, Coworking, Medical Office, and Creative Office. Its prime corner location ensures high foot traffic and excellent visibility, making it perfect for businesses seeking maximum exposure. The surrounding area boasts a thriving mix of established businesses, trendy cafes, and a diverse community, creating a vibrant and bustling atmosphere. This property presents a unique opportunity for businesses seeking a flexible lease term tailored to their specific needs. The space is well-suited for a range of uses, including boutique retailers, creative studios, professional services, art galleries, restaurants, and cafes. Don't miss this chance to establish your business in a highly sought-after Brooklyn neighborhood.

• CAP approach

  CAP return

  Valuation

  6%

  $664,700

  6.5%

  $613,570

  7%

  $569,743

• Comparable approach

  Method

  Valuation

  Relative Method

  $900,535

  Geo Method

  $900,535

• Alternative Use

  Use

  Valuation

  Residential

  $517,569

  Hospitality

  $474,090

  Educational

  $394,438

  Medical

  $408,003

  Retail

  $613,570

Location Insight

City

Brooklyn

County

Kings

State

New York

Latitude

40.6864

Longitude

-73.9505

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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