824 Jamaica AveBrooklyn, NY 11208

Property Details for 824 Jamaica Ave

Year built

1920

Lot size

0.05 AC

Property size (Sq ft)

720 SF

Zone code

M1-1

Property type

Retail space

APN

04105-0041

APU

41050041

Description

This exceptional 720-square-foot retail property, situated on a 0.05-acre lot (4,100+ square feet), presents a compelling investment opportunity in the vibrant Cypress Hills neighborhood of Brooklyn, NY. Located on bustling Jamaica Avenue, this M1-1 zoned building boasts excellent visibility and signage, ensuring high traffic exposure. The property features impressive 9-foot ceilings, a convenient roll-up door, ample parking (16 spaces), and a fully fenced lot, enhancing security and functionality. Modern upgrades include all new LED lighting and a robust 200-amp power supply. Its prime location offers unparalleled convenience, just one block from the J train and minutes from the Jackie Robinson Parkway. The surrounding area is densely populated with established businesses, including Stop & Shop, Public Storage, various self-storage facilities, fast-food chains (Dunkin', Wendy's, McDonald's), Dollar Tree, Conoco, Duane Reade, YMCA, White Castle, and KFC, indicating strong consumer traffic and demand. Annual property taxes are $9,676.12, representing the total annual expenses. This property offers significant upside potential for both developers seeking a prime location and established businesses looking for a high-visibility space. Don't miss this chance to acquire a thriving retail property in a rapidly growing area.

• CAP approach

  CAP return

  Valuation

  6%

  $174,985

  6.5%

  $161,525

  7%

  $149,987

• Comparable approach

  Method

  Valuation

  Relative Method

  $237,070

  Geo Method

  $237,070

• Alternative Use

  Use

  Valuation

  Residential

  $136,252

  Hospitality

  $124,806

  Educational

  $103,837

  Medical

  $107,408

  Retail

  $161,525

Location Insight

City

Brooklyn

County

Kings

State

New York

Latitude

40.689

Longitude

-73.8744

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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