1633 16Th StBrooklyn, NY 11229

  • Commercial real estate
  • 17,350 SF

Property Details for 1633 16Th St

Year built
1970
Lot size
0.53 AC
Property size (Sq ft)
17,350 SF
Zone code
R5B
Property type
Commercial real estate
APN
06779-0001
APU
67790001

Description

This exceptional retail opportunity presents 8,650 square feet of vacant space within a larger 39,695 square foot building located at 1633 East 16th Street in the vibrant Brooklyn, New York neighborhood. Situated in Kings County, this single-tenant space offers significant potential for a variety of retail businesses. The property's strategic location provides excellent visibility and accessibility, making it an ideal choice for businesses seeking high foot traffic and a strong customer base. The building itself boasts a substantial total square footage, indicating a well-established presence within the community. This lease opportunity allows for customization and adaptation to suit the specific needs of a prospective tenant. The address, 1633 East 16th Street, zip code 11229, provides easy access to major transportation routes and local amenities, further enhancing its appeal to both businesses and customers. This is a rare chance to secure a significant retail presence in a thriving Brooklyn location. The property is classified as a retail shop and is currently available for lease. The ample square footage provides flexibility for a wide range of retail concepts. Serious inquiries are encouraged to explore this exciting opportunity. The property is categorized as a single-tenant space, offering a unique and independent retail environment.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $3,283,298
    Hospitality
    $3,007,484
    Educational
    $2,502,191
    Medical
    $2,588,246
    Retail
    $3,892,298

Location Insight

City
Brooklyn
County
Kings
State
New York
Latitude
40.61
Longitude
-73.9573
CBSA code
35620
CBSA name
NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$69,856
$972,900
-
$972,900
-
$2,162,000
-
$2,162,000

FAQs

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