161 Jamaica AveBrooklyn, NY 11207

Property Details for 161 Jamaica Ave

Year built

1931

Lot size

0.15 AC

Property size (Sq ft)

7,874 SF

Zone code

R4

Property type

Office buildings

APN

03487-0016

APU

34870016

Description

This exceptional 9,500 square foot, two-story commercial building at 161 Jamaica Avenue in Brooklyn, NY, 11207 is available for lease. The property boasts a versatile design suitable for a variety of uses, including medical offices and community facilities, as indicated by its R4 zoning. The building features 11-foot ceilings and one loading dock, adding to its functionality. Currently, 11,050 square feet is vacant, presenting a significant opportunity for a single tenant to occupy the entire space. The building sits on a substantial 1,550-acre lot, providing ample outdoor space. This presents a build-to-suit opportunity for a tenant seeking a customized space. The property's location at 161 Jamaica Avenue offers excellent visibility and accessibility within the vibrant Brooklyn community. The property's APN is 3487-16. This is a rare opportunity to secure a large, well-located commercial building in a thriving area. The property's size and flexibility make it ideal for a variety of businesses seeking a prominent presence in Brooklyn. The substantial vacant space allows for significant customization to meet the specific needs of a new tenant. Don't miss this chance to establish your business in this prime location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,301,807

  6.5%

  $1,201,668

  7%

  $1,115,835

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,028,817

  Geo Method

  $1,028,817

• Alternative Use

  Use

  Valuation

  Residential

  $1,490,069

  Hospitality

  $1,364,895

  Educational

  $1,135,577

  Medical

  $1,174,631

  Retail

  $1,766,452

Location Insight

City

Brooklyn

County

Kings

State

New York

Latitude

40.6798

Longitude

-73.8946

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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