358 Grove StBrooklyn, NY 11237

Property Details for 358 Grove St

Property size (Sq ft)

168 SF

Zone code

R6

Property type

Parking lots & garages

APN

03328-1114

APU

33281114

Description

This exceptional 3,300 square foot executive office space is situated in a Class B building at 358 Grove Street, Brooklyn, NY 11237. The property boasts a total of 49,867 square feet, offering ample room for expansion or collaboration within a thriving community. Currently, 3,300 square feet is immediately available for lease in a multi-tenant building. The building is zoned R6 and sits on a 20,000 square foot lot in the desirable Bushwick neighborhood, known for its vibrant atmosphere and diverse businesses. Its strategic location between Wyckoff Avenue and Myrtle Avenue provides unparalleled convenience, with easy access to public transportation. The L and M trains are readily accessible at the Myrtle-Wyckoff Avenues station, and the M train is also conveniently located at Knickerbocker Avenue. This prime location places the property within walking distance of numerous amenities, including Santander Bank, Capital One, Starbucks, Citibank, and various popular cafes and restaurants, ensuring a dynamic and convenient work environment. The property's strong tenant mix and high visibility make it an ideal location for businesses seeking a thriving and well-connected space in the heart of Brooklyn. Kings County location offers a strong business environment.

• CAP approach

  CAP return

  Valuation

  6%

  $40,830

  6.5%

  $37,689

  7%

  $34,997

• Comparable approach

  Method

  Valuation

  Relative Method

  $55,316

  Geo Method

  $55,316

• Alternative Use

  Use

  Valuation

  Residential

  $31,792

  Hospitality

  $29,121

  Educational

  $24,229

  Medical

  $25,062

  Retail

  $37,689

Location Insight

City

Brooklyn

County

Kings

State

New York

Latitude

40.6999

Longitude

-73.9138

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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