535 Kings HwyBrooklyn, NY 11223

Property Details for 535 Kings Hwy

Year built

1931

Lot size

0.04 AC

Property size (Sq ft)

2,400 SF

Zone code

R6A

Property type

Investment properties

Property subtype

Live-work space

APN

06660-0048

APU

66600048

Description

This exceptional retail space at 535 Kings Highway in Brooklyn, New York, offers a fantastic opportunity for a discerning business. Located in a bustling area of Kings County, this single-tenant property boasts a prime location alongside high-end restaurants, gift shops, clothing boutiques, and specialty stores, ensuring high foot traffic and visibility. The building, constructed in 1931, comprises 2,400 square feet spread across two floors. The main floor offers a spacious 20' x 85' layout, perfectly suited for a variety of retail uses. A sizable basement, measuring 20' x 65', provides additional storage or expansion potential, accessible from the interior. The property is being delivered as a "vanilla box," allowing for complete customization to suit the tenant's specific needs and vision. The lot size is 1,700 square feet. This property presents a unique chance to establish a thriving business in a vibrant and established commercial district. All offers and proposed uses are welcome. The zip code is 11223.

• CAP approach

  CAP return

  Valuation

  6%

  $396,792

  6.5%

  $366,269

  7%

  $340,107

• Comparable approach

  Method

  Valuation

  Relative Method

  $313,584

  Geo Method

  $313,584

• Alternative Use

  Use

  Valuation

  Residential

  $454,174

  Hospitality

  $416,021

  Educational

  $346,124

  Medical

  $358,028

  Retail

  $538,416

Location Insight

City

Brooklyn

County

Kings

State

New York

Latitude

40.6047

Longitude

-73.9696

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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