510 5Th AveBrooklyn, NY 11215

Property Details for 510 5Th Ave

Year built

1920

Lot size

0.06 AC

Property size (Sq ft)

2,250 SF

Zone code

C43A

Property type

Retail space

APN

01028-0043

APU

10280043

Description

This exceptional 2,500-square-foot commercial space, located at 510 5th Avenue in the vibrant Brooklyn, New York neighborhood, presents a unique opportunity for medical professionals or related businesses. Situated in Kings County, this single-tenant property offers complete flexibility for a variety of uses, including medical offices, fitness centers, or other commercial ventures. The entire space is currently vacant, allowing for immediate occupancy and customization to perfectly suit your specific needs. The building's total square footage is 2,500 square feet, providing ample room for operations and potential expansion. The property is classified as Retail, Office, and Restaurant, reflecting its versatility and adaptability to a range of businesses. Its strategic location in Brooklyn, with the address 510 5th Avenue, zip code 11215, offers excellent visibility and accessibility for patients and clients. This is an exceptional opportunity to establish or expand your business in a thriving and dynamic area of New York City. The property's single-tenant status ensures exclusive use and control, minimizing potential conflicts and maximizing operational efficiency. The property is ready for immediate occupancy, allowing for a swift and seamless transition into your new space. This turnkey solution eliminates the need for extensive renovations or build-outs, saving you valuable time and resources. Contact us today to schedule a viewing and explore the possibilities of this remarkable property.

• CAP approach

  CAP return

  Valuation

  6%

  $546,829

  6.5%

  $504,765

  7%

  $468,710

• Comparable approach

  Method

  Valuation

  Relative Method

  $740,842

  Geo Method

  $740,842

• Alternative Use

  Use

  Valuation

  Residential

  $425,788

  Hospitality

  $390,020

  Educational

  $324,492

  Medical

  $335,651

  Retail

  $504,765

Location Insight

City

Brooklyn

County

Kings

State

New York

Latitude

40.6671

Longitude

-73.9884

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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