217 3Rd StBrooklyn, NY 11211

Property Details for 217 3Rd St

Year built

1910

Lot size

0.07 AC

Property size (Sq ft)

14,375 SF

Zone code

R6

Property type

Retail residential properties

APN

02420-0040

APU

24200040

Description

This exceptional 650-square-foot creative office space is ideally situated at 217 South 3rd Street in the vibrant Brooklyn, NY, 11211 zip code. The property boasts a single-tenant occupancy, making it perfect for a business seeking a dedicated and private workspace. Classified as both retail and office space, this versatile property offers significant potential for a variety of uses. Its location on a busy street ensures high visibility and accessibility, attracting foot traffic and enhancing brand awareness. The property's unique "creative office" subtype suggests an open and adaptable layout, potentially featuring high ceilings, exposed brick, or other design elements conducive to innovative work environments. The address, 217 South 3rd Street, places the property within easy reach of various amenities and transportation options common to the Brooklyn area. This single-tenant space provides a unique opportunity for a business to establish a strong presence in a bustling New York City neighborhood. The property's 650 square feet offer a comfortable and efficient workspace, ideal for a small team or a solo entrepreneur. The combination of retail and office zoning allows for flexibility in business operations. This is a rare opportunity to secure a prime location in a thriving Brooklyn neighborhood. The property's precise geographic coordinates are 40.7113662 latitude and -73.9586734 longitude.

• CAP approach

  CAP return

  Valuation

  6%

  $2,947,005

  6.5%

  $2,720,312

  7%

  $2,526,004

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,911,268

  Geo Method

  $2,911,268

• Alternative Use

  Use

  Valuation

  Residential

  $2,720,312

  Hospitality

  $2,491,792

  Educational

  $2,073,141

  Medical

  $2,144,440

  Retail

  $3,224,886

Location Insight

City

Brooklyn

County

Kings

State

New York

Latitude

40.7114

Longitude

-73.9587

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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