324 Empire BlvdBrooklyn, NY 11225

Property Details for 324 Empire Blvd

Year built

1925

Lot size

0.04 AC

Property size (Sq ft)

2,955 SF

Zone code

R7-1

Property type

Investment properties

Property subtype

Live-work space

APN

01315-0037

APU

13150037

Description

This newly renovated 1,800 square foot retail space is located at 324 Empire Boulevard, at the crossroads of Crown Heights and Prospect Lefferts Gardens. The property boasts a desirable "vanilla box" storefront, ready for immediate occupancy. The main floor comprises approximately 1,200 square feet, featuring 60 feet of depth, providing ample space for various retail uses. A significant advantage is the inclusion of an equally sized, finished basement (1,200 sq ft), accessible directly from the main floor, offering additional storage or operational space. The property also includes a full backyard. Recent renovations include a complete overhaul of the interior, featuring central air conditioning, new lighting fixtures, two updated bathrooms, and upgraded electrical systems. The location is exceptionally convenient, situated on a busy stretch of Empire Boulevard, directly across from major establishments such as Chase Bank, the United States Postal Service, and Carvel, ensuring high visibility and foot traffic. This A-Class retail space presents a unique opportunity for businesses seeking a move-in ready location in a thriving commercial district. The single-tenant occupancy allows for complete customization and control over the space. This is an exceptional opportunity for a discerning business owner.

• CAP approach

  CAP return

  Valuation

  6%

  $488,550

  6.5%

  $450,969

  7%

  $418,757

• Comparable approach

  Method

  Valuation

  Relative Method

  $386,100

  Geo Method

  $386,100

• Alternative Use

  Use

  Valuation

  Residential

  $559,202

  Hospitality

  $512,226

  Educational

  $426,166

  Medical

  $440,822

  Retail

  $662,924

Location Insight

City

Brooklyn

County

Kings

State

New York

Latitude

40.6636

Longitude

-73.9515

CBSA code

35620

CBSA name

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

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].