617 Brighton Beach AveBrooklyn, NY 11235

Property Details for 617 Brighton Beach Ave

Year built

1928

Lot size

0.05 AC

Property size (Sq ft)

2,522 SF

Zone code

R6

Property type

Retail residential properties

APN

08676-0007

APU

86760007

Description

This multi-tenant commercial building at 617 Brighton Beach Ave, Brooklyn, NY 11235, presents a compelling investment opportunity. The property features two thriving businesses generating substantial rental income: a Dunkin' Donuts franchise contributing $13,000 per month and a newly established spa beauty salon adding $7,000 monthly. This prime retail location on Brighton Beach Avenue boasts high foot traffic and excellent visibility, ensuring consistent tenant success. The building's strategic placement offers easy accessibility for both customers and employees, with convenient access to public transportation, including nearby bus stops and subway stations. The asking price for this multi-unit retail property is $3,500,000. The property is categorized as QSR/Fast Food, Restaurant, and Storefront, making it suitable for a variety of commercial uses. This Kings County property represents a strong investment with proven rental income and a desirable location in a vibrant commercial area. The building's success is further supported by its high-traffic location and convenient public transportation access. This is an exceptional opportunity to acquire a stable, income-generating commercial property in a thriving Brooklyn neighborhood.

• CAP approach

  CAP return

  Valuation

  6%

  $517,033

  6.5%

  $477,261

  7%

  $443,171

• Comparable approach

  Method

  Valuation

  Relative Method

  $510,763

  Geo Method

  $510,763

• Alternative Use

  Use

  Valuation

  Residential

  $477,261

  Hospitality

  $437,169

  Educational

  $363,719

  Medical

  $376,228

  Retail

  $565,785

Location Insight

City

Brooklyn

County

Kings

State

New York

Latitude

40.578

Longitude

-73.961

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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