1620 Kings HwyBrooklyn, NY 11229

Property Details for 1620 Kings Hwy

Year built

1925

Lot size

0.03 AC

Property size (Sq ft)

2,850 SF

Zone code

C44A

Property type

Retail residential properties

APN

06779-0031

APU

67790031

Description

This exceptional retail property, located at 1620 Kings Highway in Brooklyn, New York, offers a total of 2,550 square feet of commercial space currently available for lease. The building is divided into three individual suites, each measuring 850 square feet. This provides flexibility for a variety of businesses, from single-occupancy to multi-tenant configurations. The minimum leasable space is 850 square feet, and the maximum contiguous space available is also 850 square feet. The entire building is currently vacant, presenting a unique opportunity for a single tenant to occupy the entire space or for multiple businesses to establish themselves in this prime Brooklyn location. Situated in Kings County, with a zip code of 11229, this property benefits from high visibility and excellent access to local transportation and amenities. The address is 1620 Kings Highway. This is an ideal opportunity for businesses seeking a well-located, versatile retail space in a thriving Brooklyn neighborhood. The property type is retail, and the tenancy is multiple. The building is ready for immediate occupancy. Interested parties should inquire promptly to secure this exceptional retail space.

• CAP approach

  CAP return

  Valuation

  6%

  $584,276

  6.5%

  $539,332

  7%

  $500,808

• Comparable approach

  Method

  Valuation

  Relative Method

  $577,191

  Geo Method

  $577,191

• Alternative Use

  Use

  Valuation

  Residential

  $539,332

  Hospitality

  $494,025

  Educational

  $411,023

  Medical

  $425,158

  Retail

  $639,369

Location Insight

City

Brooklyn

County

Kings

State

New York

Latitude

40.6092

Longitude

-73.9567

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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