224 Brighton Beach AveBrooklyn, NY 11235

Property Details for 224 Brighton Beach Ave

Year built

1927

Lot size

0.29 AC

Property size (Sq ft)

12,713 SF

Zone code

R6

Property type

Retail space

APN

08682-0057

APU

86820057

Description

This exceptional 12,713 square foot, Class A medical office building at 224 Brighton Beach Avenue in Brooklyn, NY 11235, offers a unique investment opportunity. Completely renovated in 2023, the single-story building features twelve suites, with a minimum divisible space of 384 square feet, and is ideally suited for multiple tenants. The property boasts a prime location on Brighton Beach Avenue, experiencing high visibility and foot traffic exceeding 14,000 vehicles daily. Its strategic position ensures excellent exposure to the significant tourism in the area, being within easy walking distance of Brighton Beach and Coney Island. The building benefits from its proximity to numerous established businesses, including Dunkin', Chase Bank, Ocean View Cafe, Tatiana, German Doner Kebab, Carvel, and Starbucks. While elevators are not present, ample municipal and street parking is available. This is an exceptional opportunity to secure a thriving business location in a vibrant and high-traffic area. Individual suite sizes range from 492 to 1219 square feet.

• CAP approach

  CAP return

  Valuation

  6%

  $3,089,703

  6.5%

  $2,852,033

  7%

  $2,648,317

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,185,923

  Geo Method

  $4,185,923

• Alternative Use

  Use

  Valuation

  Residential

  $2,405,797

  Hospitality

  $2,203,697

  Educational

  $1,833,450

  Medical

  $1,896,505

  Retail

  $2,852,033

Location Insight

City

Brooklyn

County

Kings

State

New York

Latitude

40.5763

Longitude

-73.9661

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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