1409 Kings HwyBrooklyn, NY 11229

Property Details for 1409 Kings Hwy

Year built

1925

Lot size

0.05 AC

Property size (Sq ft)

2,153 SF

Zone code

C44A

Property type

Retail space

APN

06777-0036

APU

67770036

Description

This exceptional retail property, located on Kings Highway near East 14th Street in Kings County, offers a total of 4,000 square feet of commercial space. The building is configured as two divisible units, each comprising 2,000 square feet on the ground floor and an additional 2,000 square feet in the basement. This presents a unique opportunity for multiple tenants or a single occupant seeking ample space. The property sits on a 0.05-acre lot and benefits from its highly desirable location, just two blocks from a train station, providing excellent accessibility for both employees and customers. The surrounding area boasts a strong presence of national tenants, creating a vibrant and successful commercial environment. This prime location is ideal for businesses seeking high visibility and convenient access to public transportation and major financial institutions. The property's proximity to national banks and excellent public transportation makes it an attractive option for a wide range of businesses. The current vacancy is 4,000 square feet, presenting an immediate opportunity for lease.

• CAP approach

  CAP return

  Valuation

  6%

  $523,254

  6.5%

  $483,004

  7%

  $448,504

• Comparable approach

  Method

  Valuation

  Relative Method

  $708,904

  Geo Method

  $708,904

• Alternative Use

  Use

  Valuation

  Residential

  $407,432

  Hospitality

  $373,205

  Educational

  $310,502

  Medical

  $321,181

  Retail

  $483,004

Location Insight

City

Brooklyn

County

Kings

State

New York

Latitude

40.6088

Longitude

-73.9589

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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