6020 3Rd AveBrooklyn, NY 11220

Property Details for 6020 3Rd Ave

Year built

2021

Lot size

0.42 AC

Property size (Sq ft)

57,878 SF

Zone code

R6B

Property type

Retail residential properties

APN

05780-0045

APU

57800045

Description

This exceptional 1,100 square foot commercial space is available for lease in the vibrant Sunset Park neighborhood of Brooklyn, New York. Located in the basement of a newly constructed mixed-use building (2021), this single-tenant property offers a versatile layout ideal for a wide range of businesses. The property is situated at 6020 3rd Avenue, zip code 11220, in Kings County. Its convenient location provides easy access to public transportation, enhancing its appeal to both employees and customers. The surrounding area is characterized by a thriving commercial environment, with numerous restaurants, shops, and other businesses creating a bustling and energetic atmosphere. This presents a unique opportunity for businesses seeking a high-visibility location within a densely populated and active community. The space is perfect for entrepreneurs looking to establish a strong presence in a prime Brooklyn location. The single-suite layout offers efficiency and control, while the modern building ensures a contemporary and functional workspace. This property represents a compelling investment opportunity in a rapidly developing area of Brooklyn.

• CAP approach

  CAP return

  Valuation

  6%

  $11,865,513

  6.5%

  $10,952,781

  7%

  $10,170,440

• Comparable approach

  Method

  Valuation

  Relative Method

  $11,721,626

  Geo Method

  $11,721,626

• Alternative Use

  Use

  Valuation

  Residential

  $10,952,781

  Hospitality

  $10,032,689

  Educational

  $8,347,080

  Medical

  $8,634,148

  Retail

  $12,984,346

Location Insight

City

Brooklyn

County

Kings

State

New York

Latitude

40.642

Longitude

-74.0211

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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