6110 7Th AveBrooklyn, NY 11220

Property Details for 6110 7Th Ave

Year built

1931

Lot size

0.04 AC

Property size (Sq ft)

3,300 SF

Zone code

R7A

Property type

Investment properties

Property subtype

Live-work space

APN

05793-0042

APU

57930042

Description

This exceptional 3,300 square foot commercial property, located at 6110 7th Avenue in Brooklyn, New York (zip code 11220), presents a unique investment opportunity. The building, constructed in 1931, is a three-story structure situated on a 1,478 square foot lot in Kings County. Currently configured as a single-tenant space, it's ideally suited for retail, office, or restaurant use. A significant portion of the building, a 1,100 square foot storefront, has undergone recent renovations. This renovated area boasts a modern, open layout, perfect for showcasing products or services. Large display windows ensure excellent street visibility and capitalize on high foot traffic. The improvements include a newly installed kitchen, a brand new bathroom, and a convenient washer/dryer. The property's proximity to the N train and 8th Avenue provides easy access to public transportation, enhancing its appeal to both businesses and customers. This versatile space offers endless possibilities for a variety of businesses, making it an attractive option for entrepreneurs seeking a thriving location in a vibrant Brooklyn neighborhood. The property's existing spa and facial setup provides a ready-made example of its potential.

• CAP approach

  CAP return

  Valuation

  6%

  $545,589

  6.5%

  $503,620

  7%

  $467,647

• Comparable approach

  Method

  Valuation

  Relative Method

  $431,178

  Geo Method

  $431,178

• Alternative Use

  Use

  Valuation

  Residential

  $624,489

  Hospitality

  $572,029

  Educational

  $475,921

  Medical

  $492,289

  Retail

  $740,322

Location Insight

City

Brooklyn

County

Kings

State

New York

Latitude

40.6362

Longitude

-74.0128

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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