475 Hicks StBrooklyn, NY 11231

Property Details for 475 Hicks St

Year built

1920

Lot size

0.05 AC

Property size (Sq ft)

5,000 SF

Zone code

R6

Property type

Investment properties

Property subtype

Live-work space

APN

00321-0027

APU

3210027

Description

This exceptional 1,300 square foot commercial space at 475 Hicks Street in Brooklyn, NY, 11231, presents a unique opportunity for a variety of businesses. Located in a Class A building constructed in 1920, this single-tenant property boasts a fully built-out interior, ready for immediate occupancy. The space is ideal for a range of uses, including art studios, exclusive fitness studios, retail establishments, or traditional office settings. Its versatile design caters to diverse needs, making it an attractive option for creative businesses or those seeking a unique and established location. The property features a desirable glass storefront, providing excellent street visibility and natural light. Adding to its appeal is convenient backyard access, offering a rare amenity in this vibrant Brooklyn neighborhood. The building is a four-story structure, though the specific floor of this unit is not specified. While parking is not available on-site, the location offers easy access to Manhattan and North Brooklyn, ensuring convenient commuting for employees and clients. The property is categorized as Retail, Office, and Special Purpose, reflecting its adaptability and potential. The cross street is Kane Street. This is a single-tenant space with no elevators.

• CAP approach

  CAP return

  Valuation

  6%

  $826,649

  6.5%

  $763,061

  7%

  $708,557

• Comparable approach

  Method

  Valuation

  Relative Method

  $653,300

  Geo Method

  $653,300

• Alternative Use

  Use

  Valuation

  Residential

  $946,196

  Hospitality

  $866,710

  Educational

  $721,093

  Medical

  $745,892

  Retail

  $1,121,700

Location Insight

City

Brooklyn

County

Kings

State

New York

Latitude

40.6865

Longitude

-73.9997

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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