This exceptional 1,100 square foot commercial property, located at 7110 13th Avenue in the vibrant Dyker Heights neighborhood of Brooklyn, New York, presents a unique opportunity for a single-tenant business. Situated on a 2,000 square foot lot, this two-story building offers versatile space ideal for a variety of uses, including retail, office, or educational settings such as an after-school program or tutoring center. The building features an 8-10 foot ceiling height, providing ample space and a comfortable atmosphere. The property is conveniently located in Kings County (Brooklyn), New York, with the zip code 11228. Utilities are included, with heat and water covered in the rental cost. This single-suite building offers a fantastic opportunity to establish a thriving business in a bustling and desirable area, surrounded by a mix of residential and commercial properties. The property's location within Dyker Heights ensures high visibility and accessibility for customers and clients. This is a rare opportunity to secure a well-located, versatile commercial space in a thriving Brooklyn neighborhood. Don't miss out on this chance to establish your business in this prime location.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$438,124
6.5%
$404,422
7%
$375,535
Comparable approach
Method
Valuation
Relative Method
$346,249
Geo Method
$346,249
Alternative Use
Use
Valuation
Residential
$501,484
Hospitality
$459,356
Educational
$382,179
Medical
$395,323
Retail
$594,501
Location Insight
City
Brooklyn
County
Kings
State
New York
Latitude
40.6225
Longitude
-74.0056
CBSA code
35620
CBSA name
NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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