117 Grattan StBrooklyn, NY 11237

Property Details for 117 Grattan St

Year built

1931

Lot size

0.46 AC

Property size (Sq ft)

125,400 SF

Zone code

M1-2

Property type

Office buildings

APN

03005-0001

APU

30050001

Description

This exceptional executive office space at 117 Grattan Street in Brooklyn, New York, offers 1,350 square feet of versatile office area currently fully vacant and ready for immediate occupancy. Located in Kings County, this third-floor property features two divisible spaces, with a minimum of 450 square feet and a maximum contiguous space of 900 square feet. The building includes elevator access for convenient transport. The space is ideal for a variety of businesses, from small startups to established firms seeking a prestigious Brooklyn address. One available space is described as an art studio with a built-in sink, currently listed at $1900 per month plus a proportional share of electricity costs. The flexible layout allows for customization to suit individual business needs. The property's convenient location in the vibrant Brooklyn neighborhood (zip code 11237) provides easy access to various amenities and transportation options. This is a rare opportunity to secure a fully vacant, move-in ready executive office space in a desirable Brooklyn location. Inquire today to learn more about leasing options and pricing.

• CAP approach

  CAP return

  Valuation

  6%

  $20,732,366

  6.5%

  $19,137,568

  7%

  $17,770,600

• Comparable approach

  Method

  Valuation

  Relative Method

  $16,384,764

  Geo Method

  $16,384,764

• Alternative Use

  Use

  Valuation

  Residential

  $23,730,584

  Hospitality

  $21,737,088

  Educational

  $18,085,002

  Medical

  $18,706,974

  Retail

  $28,132,226

Location Insight

City

Brooklyn

County

Kings

State

New York

Latitude

40.7066

Longitude

-73.9283

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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