153 Berry StBrooklyn, NY 11249

Property Details for 153 Berry St

Year built

2022

Lot size

0.06 AC

Property size (Sq ft)

5,960 SF

Zone code

M12R6A

Property type

Investment properties

Property subtype

Retail residential properties

APN

02335-0003

APU

23350003

Description

This exceptional new development at 157 Berry Street in Kings County offers three distinct retail or restaurant spaces for lease, totaling 6,057 square feet. Currently fully vacant, this multi-level freestanding building presents a unique opportunity for a single-user flagship tenant or multiple occupants. Each suite offers a minimum of 1,770 square feet and a maximum contiguous space of 2,394 square feet, providing flexibility for various business needs. The building boasts impressive 17-foot ceiling heights, creating a spacious and inviting atmosphere. A key feature is the inclusion of venting and elevator service to all levels, ensuring efficient operations. Adding to the appeal is a 427-square-foot second-floor terrace, offering potential for outdoor seating, and the possibility of additional rooftop seating. The owner is open to facade renovations, as depicted in the provided rendering, allowing for customization to match a tenant's brand identity. This prime location in Kings County provides excellent visibility and accessibility, making it an ideal space for a variety of retail or restaurant concepts. The building's modern design and versatile layout make it a highly desirable property for businesses seeking a prominent presence in a thriving area. Contact us today to learn more about this exciting leasing opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $1,221,854

  6.5%

  $1,127,865

  7%

  $1,047,303

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,207,037

  Geo Method

  $1,207,037

• Alternative Use

  Use

  Valuation

  Residential

  $1,127,865

  Hospitality

  $1,033,118

  Educational

  $859,542

  Medical

  $889,103

  Retail

  $1,337,066

Location Insight

City

Brooklyn

County

Kings

State

New York

Latitude

40.7177

Longitude

-73.9597

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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