940 Atlantic AveBrooklyn, NY 11238

Property Details for 940 Atlantic Ave

Year built

1930

Lot size

0.05 AC

Property size (Sq ft)

2,940 SF

Zone code

M1-1

Property type

Investment properties

Property subtype

Live-work space

APN

01124-0019

APU

11240019

Description

This 1,000-square-foot commercial space at 940 Atlantic Avenue in Brooklyn, New York, offers a prime location in the heart of Clinton Hill, a vibrant neighborhood in Downtown Brooklyn. The property is situated in Kings County, New York (zip code 11238) and is easily accessible via public transportation and major roadways. Currently configured as a single-tenant traditional office space, this turnkey property is in immaculate condition and requires no renovations, allowing for immediate occupancy. Its versatile layout is suitable for a variety of uses, including but not limited to, office space, retail, a studio, cafe, or co-working space. The property benefits from its location within a thriving community, close to universities, restaurants, shops, and other businesses, providing excellent visibility and accessibility. This exceptional opportunity allows businesses to establish a presence in a highly sought-after area of Brooklyn. The property is ready for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $486,070

  6.5%

  $448,680

  7%

  $416,631

• Comparable approach

  Method

  Valuation

  Relative Method

  $384,140

  Geo Method

  $384,140

• Alternative Use

  Use

  Valuation

  Residential

  $556,363

  Hospitality

  $509,626

  Educational

  $424,002

  Medical

  $438,585

  Retail

  $659,559

Location Insight

City

Brooklyn

County

Kings

State

New York

Latitude

40.6806

Longitude

-73.9632

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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