176 Highlawn AveBrooklyn, NY 11223

Property Details for 176 Highlawn Ave

Year built

1930

Lot size

0.05 AC

Property size (Sq ft)

2,600 SF

Zone code

R5B

Property type

Investment properties

Property subtype

Live-work space

APN

06674-0004

APU

66740004

Description

This exceptional retail property, located at 176 Highlawn Avenue in the vibrant Gravesend neighborhood of Brooklyn, Kings County, presents a unique investment opportunity. The building, constructed in 1930, offers a total of 3,200 square feet of commercial space spread across two stories. The main floor encompasses 2,200 square feet of usable space, ideal for a variety of retail businesses, while a 1,000 square foot basement provides ample storage or additional operational area. The property sits on a 2,000 square foot lot, providing good visibility and potential for outdoor display or seating (depending on zoning regulations). The space boasts 10-foot high ceilings, creating an airy and spacious atmosphere. Accessibility is ensured with a handicap-accessible entrance and bathroom, catering to a wider customer base. The property is a single-tenant building, offering the buyer or lessee complete control and flexibility. Property taxes are included in the lease, while the tenant is responsible for heat, hot water, and electricity. This turnkey solution offers a rare opportunity to establish a thriving business in a well-established Brooklyn community. The property's historical charm combined with its modern accessibility features makes it an attractive proposition for discerning entrepreneurs. Contact us today to schedule a viewing and explore the possibilities.

• CAP approach

  CAP return

  Valuation

  6%

  $429,858

  6.5%

  $396,792

  7%

  $368,449

• Comparable approach

  Method

  Valuation

  Relative Method

  $339,716

  Geo Method

  $339,716

• Alternative Use

  Use

  Valuation

  Residential

  $492,022

  Hospitality

  $450,689

  Educational

  $374,968

  Medical

  $387,864

  Retail

  $583,284

Location Insight

City

Brooklyn

County

Kings

State

New York

Latitude

40.6032

Longitude

-73.9794

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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