555 4Th AveBrooklyn, NY 11215

Property Details for 555 4Th Ave

Year built

2018

Lot size

0.33 AC

Property size (Sq ft)

103,430 SF

Zone code

R8A

Property type

Retail residential properties

APN

01047-0003

APU

10470003

Description

This exceptional 2,900 square foot retail space is ideally situated at 555 4th Avenue in the vibrant Brooklyn, New York neighborhood, zip code 11215. Located in Kings County, this single-tenant property presents a fantastic opportunity for a variety of retail businesses. The entire space, totaling 2,900 square feet, is currently vacant and ready for immediate occupancy. This allows for complete customization to suit the specific needs of a new tenant. The property's prime location offers excellent visibility and accessibility, ensuring high foot traffic and potential for strong sales. The address, 555 4th Avenue, provides a prestigious address within a bustling commercial area. This is a rare opportunity to secure a substantial retail space in a highly desirable Brooklyn location. The property is classified as Commercial Retail and is a single-tenant occupancy. The property is ready for immediate lease and offers significant potential for growth and success. Interested parties are encouraged to inquire promptly to secure this exceptional retail space. The property's geographic coordinates are 40.6662017 latitude and -73.9918477 longitude.

• CAP approach

  CAP return

  Valuation

  6%

  $21,204,084

  6.5%

  $19,573,002

  7%

  $18,174,930

• Comparable approach

  Method

  Valuation

  Relative Method

  $20,946,954

  Geo Method

  $20,946,954

• Alternative Use

  Use

  Valuation

  Residential

  $19,573,002

  Hospitality

  $17,928,764

  Educational

  $14,916,521

  Medical

  $15,429,523

  Retail

  $23,203,478

Location Insight

City

Brooklyn

County

Kings

State

New York

Latitude

40.6663

Longitude

-73.9916

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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