65 Lafayette AveBrooklyn, NY 11217

Property Details for 65 Lafayette Ave

Year built

1930

Lot size

0.04 AC

Property size (Sq ft)

3,200 SF

Zone code

R7A

Property type

Investment properties

Property subtype

Live-work space

APN

02098-0087

APU

20980087

Description

This exceptional retail opportunity is located on Lafayette Avenue in the heart of Fort Greene, Brooklyn. The space boasts a desirable 1,800 square foot ground floor area, complemented by an additional 1,500 square feet in the basement. The property features a 15-foot frontage, providing excellent street visibility and accessibility for customers. Immediate possession is available, allowing for a swift and efficient start to your business. The asking rent is available upon request. This prime location benefits from its proximity to key attractions and amenities, including the Barclays Center, Fort Greene Park, and a vibrant mix of established businesses such as Margot, Tacombi, Whole Foods, Sukh, Baya Bar, and Atlantic Terminal. The area also enjoys exceptional public transportation access, with numerous subway lines (A, C, N, Q, R, 2, 3, 4, 5, G, B, D) converging nearby, including the Fulton Street G train station boasting over one million annual riders. The building is situated within a densely populated residential neighborhood, ensuring a consistent flow of potential customers. The space is versatile and can be vented to accommodate various business needs. The landlord is willing to provide tenant improvements (TI), making this an even more attractive proposition. All uses will be considered, making this a truly unique and adaptable space for a variety of retail or restaurant concepts. This is a rare opportunity to establish a thriving business in one of Brooklyn's most sought-after neighborhoods.

• CAP approach

  CAP return

  Valuation

  6%

  $529,056

  6.5%

  $488,359

  7%

  $453,476

• Comparable approach

  Method

  Valuation

  Relative Method

  $418,112

  Geo Method

  $418,112

• Alternative Use

  Use

  Valuation

  Residential

  $605,565

  Hospitality

  $554,694

  Educational

  $461,499

  Medical

  $477,371

  Retail

  $717,888

Location Insight

City

Brooklyn

County

Kings

State

New York

Latitude

40.6873

Longitude

-73.9759

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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