358 BroadwayBrooklyn, NY 11211

Property Details for 358 Broadway

Year built

1910

Lot size

0.07 AC

Property size (Sq ft)

2,533 SF

Zone code

R6

Property type

Investment properties

Property subtype

Live-work space

APN

02153-0001

APU

21530001

Description

This exceptional 6,250 square foot, four-story retail building at 358 Broadway presents a unique investment opportunity. Currently featuring a single tenant, 1,200 square feet of space is immediately available, ideal for a variety of uses including a bar, restaurant, cafe, or quality retail establishment. Built in 1910, the building boasts a highly visible corner location at the intersection of Broadway and Keape, ensuring maximum exposure to substantial foot and car traffic. The available space offers significant potential for a thriving business, complemented by the possibility of establishing a sidewalk cafe, further enhancing its appeal. A long-term lease is available directly from the landlord, providing stability and security for the tenant. The building's substantial size and prime location make it an attractive proposition for a discerning business owner seeking a well-established presence in a bustling commercial district. The building's history adds character and charm, while its current condition offers the opportunity for customization and modernization to suit a new tenant's specific needs. This is a rare chance to secure a prominent retail space in a highly desirable location with excellent visibility and accessibility. Don't miss this opportunity to establish your business in a thriving commercial hub.

• CAP approach

  CAP return

  Valuation

  6%

  $418,781

  6.5%

  $386,567

  7%

  $358,955

• Comparable approach

  Method

  Valuation

  Relative Method

  $330,962

  Geo Method

  $330,962

• Alternative Use

  Use

  Valuation

  Residential

  $479,343

  Hospitality

  $439,075

  Educational

  $365,306

  Medical

  $377,869

  Retail

  $568,253

Location Insight

City

Brooklyn

County

Kings

State

New York

Latitude

40.7073

Longitude

-73.9555

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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