305 BroadwayBrooklyn, NY 11211

Property Details for 305 Broadway

Year built

1910

Lot size

0.15 AC

Property size (Sq ft)

13,175 SF

Zone code

PARK

Property type

Retail residential properties

APN

02461-0001

APU

24610001

Description

This exceptional Class A commercial property, located at 305 Broadway in the vibrant Williamsburg submarket of Brooklyn, NY (zip code 11211), offers a unique opportunity. The building, situated at the crossroads of Marcy Avenue and Broadway, boasts a total of 5,500 square feet, currently entirely vacant and available for lease. The space is adaptable to a variety of uses, suitable for both retail and traditional office tenants. The building is divided into two suites, with a minimum divisible space of 2,750 square feet and a maximum contiguous space of 5,500 square feet, allowing for flexibility depending on tenant needs. This presents a rare chance to secure a substantial, contiguous space in a highly sought-after location. The property's "A" class designation reflects its high-quality construction and modern amenities. Kings County's thriving business environment and Williamsburg's dynamic atmosphere make this an ideal location for businesses seeking a prominent presence in a rapidly growing area. The address is easily accessible, offering excellent visibility and convenient access for both employees and customers. This is an unparalleled opportunity to establish a strong foothold in one of Brooklyn's most desirable neighborhoods. Contact us today to learn more about leasing this exceptional property.

• CAP approach

  CAP return

  Valuation

  6%

  $2,700,994

  6.5%

  $2,493,225

  7%

  $2,315,138

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,668,240

  Geo Method

  $2,668,240

• Alternative Use

  Use

  Valuation

  Residential

  $2,493,225

  Hospitality

  $2,283,781

  Educational

  $1,900,079

  Medical

  $1,965,426

  Retail

  $2,955,678

Location Insight

City

Brooklyn

County

Kings

State

New York

Latitude

40.7086

Longitude

-73.9574

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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