121 Kent AveBrooklyn, NY 11249

Property Details for 121 Kent Ave

Year built

1910

Lot size

0.04 AC

Property size (Sq ft)

4,700 SF

Zone code

M12R6A

Property type

Investment properties

Property subtype

Live-work space

APN

02325-0007

APU

23250007

Description

This exceptional 1,500 square foot single-tenant retail space at 121 Kent Avenue in Brooklyn, NY (zip code 11249) presents a unique opportunity. Located on a prime corner, it boasts over 18 feet of frontage, ensuring maximum visibility and brand exposure. The space is fully renovated, featuring high ceilings, modern recessed lighting, central heating and cooling, and a full bathroom. Its enviable location directly across from Marsha P. Johnson State Park offers stunning water and city skyline views. The property benefits from exceptional foot traffic, situated within a bustling retail corridor alongside luxury brands such as Chanel, Gucci, Paul Smith, and the future Hermès flagship store. Conveniently located just four blocks from the Bedford Avenue L Train station and one block from the East River Ferry Terminal, this space enjoys unparalleled access to approximately 10 million annual riders. This high-demand area is rapidly becoming a premier destination for high-end brands, making this a truly exceptional investment opportunity for discerning businesses seeking a luxurious and highly visible location. The property is classified as Retail, Office, and Restaurant, and is suitable for Creative Office and Traditional Office uses.

• CAP approach

  CAP return

  Valuation

  6%

  $777,050

  6.5%

  $717,277

  7%

  $666,043

• Comparable approach

  Method

  Valuation

  Relative Method

  $614,102

  Geo Method

  $614,102

• Alternative Use

  Use

  Valuation

  Residential

  $889,424

  Hospitality

  $814,707

  Educational

  $677,827

  Medical

  $701,139

  Retail

  $1,054,398

Location Insight

City

Brooklyn

County

Kings

State

New York

Latitude

40.7201

Longitude

-73.9617

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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